Conferma Pay has partnered with ConnexPay to allow businesses to simplify their payments processes by issuing virtual cards for improved cash flow management.
The partnership brings together Conferma Pay’s virtual card ecosystem and ConnexPay’s virtual card issuing engine and real-time funding processes “to create a seamless and secure all-in-one payments experience.”
The new solution is ideal for businesses “with a high traffic of both incoming and outgoing payments, and that are being held back by cash-flow issues.”
ConnexPay’s multifunctional platform allows businesses “to gain immediate access to incoming customer payments, which they can then use in real-time to fund ConnexPay virtual cards through the Conferma Pay platform to pay suppliers.”
This eliminates the waiting for settlement and funds to clear, “as well as prefunding requirements — a process that can take days or weeks, and something many companies are unable to do.”
ConnexPay’s Intelligent Purchases Routing technology automatically “issues the type of card that will provide the maximum rebate, meaning businesses increase revenue share on every payment — improving both cash flow and growth.”
The integrated fraud prevention and analytics suite “means users also have a greater control and overview of their live finances.”
Jason Lalor, CEO at Conferma Pay, said: described the partnership as simplifying global payments.
“it’s much easier to connect and do business at a global scale.”