As part of the partnership expansion, BCD will continue to broaden Conferma’s hotel payment automation capabilities (Photo: Conferma)
Conferma, a global payment technology company, and BCD Travel, a travel management company, announced the expansion of their long-standing strategic partnership.
In a press statement, Conferma says that as part of the partnership expansion, BCD will continue to broaden Conferma’s hotel payment automation capabilities, including their integrations to hotel property management systems.
Yannis Karmis
The statement adds that this also enables automatic invoice intake of virtual payment across BCD’s client ecosystem, streamlining reconciliation and reducing manual work for travellers and finance teams alike. BCD will also significantly increase its investment in this area over the next several years, to enable new payment capabilities, promote continued innovation, and enhance the travel experience for its global client base.
“This marks an evolution in the payment landscape for managed travel. By investing in this partnership, we are furthering our commitment to building seamless, secure and scalable payment solutions that meet the evolving needs of our clients and the industry at large,” says Yannis Karmis, SVP Product and Development, BCD.
Neil Fyfe
According to the statement, Conferma and BCD Travel have collaborated since 2011, with BCD clients among the earliest adopters of virtual card payments. The expanded agreement represents a renewed, future-focused commitment to innovation in a sector undergoing rapid digital transformation.
Jason Lalor
“This partnership will place a strong emphasis on the hotel segment, which we know is a critical component of many of our clients’ travel programmes. Thanks to an increased integration with our hotel partners, we have seen an increase in card acceptance and folio collection percentage rates, expanding the data integration directly into our spend management platform, simplifying reconciliation and enhancing insights for our clients,” says Neil Fyfe, Head of Payment Solutions, BCD.
Global business travel spend is set to exceed USD 1.8 trillion by 2027, with corporate travel payments playing a pivotal role in facilitating seamless travel experiences while maintaining financial oversight. As travel spending grows, so does its complexity, driving the demand for more control and efficiency. This shift is accelerating the adoption of virtual payments, which are expected to grow at a 20 pc CAGR globally through 2030, adds the statement.
“This partnership reflects a shared vision to remove friction from business travel. We are bringing together world-class technology, scale, and deep travel expertise to drive smarter, more efficient payment experiences across air, hotel and beyond,” says Jason Lalor, CEO, Conferma.
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