GlobalData
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Card technology provider Conferma has expanded membership with J.P. Morgan Payments to integrate the latter’s virtual card solutions into its European offerings.
This collaboration provides European businesses with the ability to issue and manage virtual cards, offering multi-currency capabilities for regional payments.
J.P. Morgan virtual card services present European corporates with access to payment solutions and facilitate payments in local currencies.
Conferma's API technology is designed for direct integration with enterprise resource planning (ERP), procurement, and expense management platforms.
The integration aims to enhance cross-border transactions, such as corporate travel, procurement, and finance.
The virtual card capabilities of J.P. Morgan Payments are now accessible to eligible corporates in Europe.
J.P. Morgan Payments Corporate Development and Partnerships global head Jason Tiede stated: “This collaboration with Conferma, part of our growing global Partner Network, enables a greater number of European businesses to access cutting-edge payment solutions.
“We are committed to providing our clients with payments solutions that enable them to be agile, optimise cash flow, and reduce administrative burdens.”
Conferma CEO Jason Lalor said: “J.P. Morgan Payments is a powerhouse in global payments, and this collaboration brings together the best of both worlds—enhancing payment flexibility and security for businesses worldwide. Together, we aim to reshape the future of B2B payments in Europe.”
J.P. Morgan Payments, which processes nearly $6tn payments daily, operates in over 160 countries and offers services in more than 120 currencies.
In March, J.P. Morgan Payments entered a multi-year agreement with Affirm, aimed at offering US merchants more payment options at checkout.
"Conferma partners with J.P. Morgan Payments for virtual card solutions " was originally created and published by Electronic Payments International, a GlobalData owned brand.
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