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May 28, 2015updated 04 Apr 2017 4:02pm

Sabre, Conferma launch new pre-funded virtual payment solution for travel sector

Sabre, a technology provider to the travel and tourism industry, has partnered with Conferma, a provider of Virtual Card Number (VCN) technology for the travel sector, to introduce a pre-funded virtual payment solution for travel buyers.

By Verdict Staff

Sabre, a technology provider to the travel and tourism industry, has partnered with Conferma, a provider of Virtual Card Number (VCN) technology for the travel sector, to introduce a pre-funded virtual payment solution for travel buyers.

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The pre-funded payment option will allow travel buyers to fund their own cards and eliminate the need to set up an additional line of credit with their bank.

In July last year, both the companies have launched Sabre Virtual Payments service that streamlines and automates settlement of air segments for travel buyers.

The new solution can also be used for trips that are made by travellers in the GetThere corporate booking solution.

Sabre has integrated its Sabre Virtual Payments with GetThere in March this year.

Sabre Travel Network marketing and strategy senior vice president Wade Jones said: "Adopting virtual cards to automate the payment and reconciliation process saves time, reduces hassle, and cuts costs. And the addition of a pre-funded option to our existing software suite is yet another way to improve the process."

Conferma CEO Simon Barker said: "This pre-funded solution is ideal for travel agencies as they don’t need to set up a credit line with their bank, so they can be up and running within a matter of days."

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Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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