Conferma
J.P. Morgan's partnership with Conferma allows businesses to simplify their payments processes by issuing virtual cards for improved cash flow management.
Partner product overview
J.P. Morgan has partnered with Conferma to offer customers access to an ecosystem that facilitates secure virtual payments. Conferma is connected to all major global distribution systems, more than 175 online booking platforms, and hundreds of Travel Management Companies, allowing customers to work with their suppliers of choice and integrate virtual payments solutions seamlessly with existing processes. The multi-scheme payment solution can be used across multiple spend types, including hotel and air. Through our partnership, customers benefit from improved data reporting with custom fields, enhanced spend controls at point of booking, and automated invoice reconciliation, making corporate travel management simple.
Benefits with J.P. Morgan
- Enhance payment control with custom restrictions on expiry date, geographical location, and more.
- Limit potential for card misuse with credit limits agreed on a per transaction basis.
- Reduce time spent on manual processing of wires or check payments.
- Improve visibility with rich transaction data supplied upfront.
- Deploy virtual cards to any approved users, allowing more flexibility than physical cards.
- Automate payment reconciliation, minimizing time spent on processing.
Founded in 2005 and acquired by Sabre in 2022 with additional investment from Mastercard in the same year, Conferma applies advanced technology to make payments quick and simple and enable organizations to focus on business efficiency and growth.