SYDNEY, December 11, 2017 – Travelport (NYSE: TVPT), a global travel commerce platform, together with Conferma, a leading FinTech company and provider of virtual card technology, announces today, as part of their global agreement, a collaboration in Australia and New Zealand.
This agreement combines Travelport Smartpoint, a point-of-sale technology, used by corporate travel agencies, and Conferma’s technology for hotel billback using Virtual Card Numbers (VCN). This partnership will allow more automated and streamlined processes for managing payments to hotels on behalf of corporate travellers.
In this phase of the collaboration, this hotel billback solution will allow travel management companies (TMCs) to centrally settle hotel bookings using a Conferma-powered Virtual Card Number issued by a variety of providers which participates in the Conferma network. These may include banks and Travelport’s B-to-B payments business, eNett.
The direct integration into Travelport Smartpoint means that there will be no changes to standard booking and payment workflows. Instead, corporate travel agents will get an enhanced automation system together with all the improved security and reconciliations that the use of virtual cards provides.
Niklas Andréen, Senior Vice President and Managing Director of Global Hotel, Car & Digital Media for Travelport, commented: “As awareness of virtual cards continues to grow, Travelport recognises that this collaboration with Conferma will only further extend the capability of Travelport Smartpoint.”
He added, “it gives TMCs in Australia and New Zealand the opportunity to increase efficiency when managing payments to providers, by using virtual cards. It also promotes use of eNett’s services by our customers via the Conferma platform. With this agreement, we look forward to improving the hotel billback solution for our customers in the region.”
Implementation of this system in Australia and New Zealand allows for booking and custom reference data, specific to individual corporations, to be captured at the point-of-sale. TMCs can then provide their clients with better control over expenditure and policy compliance. Such data can also help TMCs to make better-informed decisions when managing suppliers and negotiating rates.
Conferma’s Director of Sales for Asia Pacific, Darren Blair said: “We are thrilled to announce this partnership with Travelport. This will provide TMCs in the Australia/New Zealand region with, increased efficiencies, spend controls, payment security and a seamless traveller experience. It will also prioritise the use of Conferma’s pioneering secure email for communication of booking details. This is the first and only protocol that enables hotels to accept virtual cards, adhering to PCI compliance requirements without relying on the antiquated fax-only transmission method. The Travelport Smartpoint-Conferma end-to-end integration will provide the process automation that TMCs desire with the value of enhanced reporting and security provided by VCNs.”
About Travelport (www.travelport.com)
Travelport (NYSE: TVPT) is the technology company which makes the experience of selling, buying and managing travel continually better. It operates a travel commerce platform providing distribution, technology, payment and other solutions for the global travel and tourism industry. The company facilitates travel commerce by connecting the world’s leading travel providers with online and offline travel buyers in a proprietary business-to-business (B2B) travel marketplace.
Travelport has a leadership position in airline merchandising, hotel content and distribution, car rental, mobile commerce and B2B payment solutions. The company also provides critical IT services to airlines, such as shopping, ticketing, departure control and other solutions. With net revenue of over $2.3 billion in 2016, Travelport is headquartered in Langley, UK has approximately 4,000 staff and is represented in 180 countries and territories.
Conferma is headquartered in Manchester and was founded by CEO Simon Barker in 2005. Following in the City’s proud tradition of technology innovation, Conferma has become a leading FinTech company and is the foremost provider of Virtual Card technology to the corporate travel industry. The worldwide reach and integration into all major travel-related booking systems allow its customers to benefit from a global banking network. Conferma’s ability to deliver an embedded, invisible payment directly into the booking process puts it at the heart of all aspects of travel. For more information, go to http://www.conferma.com
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