Abacus has partnered with Conferma, a provider of Virtual Card Number (VCN) technology for the travel sector, to launch Virtual Payment solution in Asia Pacific.
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Virtual card numbers, integrated within Abacus WorkSpace, will improve agents’ control, data and process efficiency across the full spectrum of corporate travel, from hotel reservations to air and rail tickets, car rentals and more.
The new Abacus VirtualPayment solution will generate a unique VCN for every travel booking. It will provide a more secure alternative to physical corporate or lodge cards, while dynamic credit limits, charge validity dates and merchant category restrictions further strengthen corporate governance.
"The partnership will provide corporate travel management companies and corporate travel agencies throughout the region with an access to a secure virtual payment solution, starting from the end of this year," Abacus said in a statement.
Simon Barker, CEO of Conferma, said: "Working with Abacus, we can transform the corporate travel sector’s expense management capabilities in Asia Pacific, removing time-consuming and costly manual processes.
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By GlobalData"We are delighted to be extending our VCN technology into this region, building on Conferma’s turnkey payment solutions in Europe and the Americas."
