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Visa has announced a strategic collaboration with Conferma Pay aimed at enabling financial institutions to integrate virtual corporate cards seamlessly into employees’ digital wallets.
By facilitating the addition of virtual cards to third-party wallets like Apple Pay and Google Pay, Visa aims to enhance convenience, security, and flexibility for corporate users.
The newly introduced Visa Commercial Pay Mobile will furnish commercial token accounts equipped with tailored payment controls. Leveraging tokenization technology, Visa ensures heightened security measures to mitigate fraud risks, thereby creating a secure payment ecosystem while facilitating smooth transaction initiation for businesses.
Regions Bank emerges as the pioneering institution to deploy this technology, extending its benefits to its Treasury Management clientele.
Gloria Colgan, Senior Vice President of Global Product at Visa Commercial Solutions, expresses, “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.”
Simultaneously, Visa Commercial Pay, already accessible in North America, Asia Pacific, and EMEA regions, is set to broaden its footprint across Latin America and the Caribbean, catering to the evolving needs of businesses in these regions.
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