Visa is teaming up with Conferma Pay to let financial institutions add virtual corporate cards into employees’ digital wallets.
In brief:
- Visa says the virtual cards, which can be added to third-party wallets such as Apple Pay and Google Pay, will boost convenience, security and flexibility for corporate users.
- The new Visa Commercial Pay Mobile will provide a commercial token account with configured payment controls. It uses tokenisation technology that Visa says minimises the risk of fraud and provides secure payments.
- Regions Bank is that first lender to roll out the technology for its Treasury Management customers.
What does this mean?
Gloria Colgan, SSVP, global product, Visa Commercial Solutions, says: “We’re empowering businesses with on-demand and secure payments, giving them the flexibility and mobility of virtual, mobile transactions, which is essential in today’s dynamic business environment.”
