Visa Extends Partnership With Conferma Pay

Visa Expands Its Digital Wallet Capabilities and Availability

Regions Bank will be the first Visa collaborator to roll out the enhanced digital wallet capability for its Treasury Management customers.

Visa, a global digital payments Solution provider, announced extended digital wallet capabilities within Visa Commercial Pay, a suite of B2B payment solutions built in partnership with Conferma Pay, a provider of virtual payments technology, to revolutionise how businesses manage transactions globally.

Gloria Colgan, Senior Vice President, Global Product at Visa Commercial Solutions, said, “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. Our solutions are designed to meet the needs of enterprises across the world, and in expanding to the Latin America & Caribbean region, we’re providing these businesses with the tools to thrive in an increasingly digital business landscape. Alongside our partners Conferma Pay, we’re delighted to be taking our enhanced capabilities to customers globally.”

Regions Bank will be the first Visa collaborator to roll out the enhanced digital wallet capability for its Treasury Management customers. Regions operates in high-growth markets across the Southeast, the Midwest and Texas, with Commercial Banking clients including a wide range of employers, each with its own unique payments and cash-flow needs.

David Lapaglia, head of Commercial Card Product and Strategy for Regions, said, “A superior client experience is at the heart of our value proposition for business clients. Visa Commercial Pay is the ideal complement to our already-enhanced selection of products and services. Visa understands financial service providers deliver greater value when they give clients more convenience, along with more intuitive, time-saving solutions. We share in that vision, and by building on our digital wallet capabilities, Regions is reinforcing its commitment to helping our business clients grow and thrive.”

The innovation enables financial institutions to add virtual corporate cards into an employees’ digital wallet – including third-party wallets such as Apple Pay and Google Pay – to enhance convenience, security and flexibility for corporate users. It coincides with a significant expansion of Visa Commercial Pay across the Latin America & Caribbean region, reinforcing Visa’s commitment to, and leadership in, enabling streamlined, secure and efficient B2B payments in a locality known for its diverse and dynamic business landscape.

Visa Commercial Pay includes virtual card B2B payment solutions developed to improve cashflow for businesses and reduce outdated manual processes. The new and improved Visa Commercial Pay Mobile will provide a commercial token account with configured payment controls allowing for an efficient payment experience across both Point of Sale and CNP payment methods. The transformative approach utilises advanced tokenisation technology to minimise the risk of fraud and provide a secure payment environment while enabling businesses to initiate transactions seamlessly, enhancing overall financial agility.