Conferma Launches Industry’s First Virtual Card Performance Index for Hotels
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VPI turns virtual card processing reliability into a commercial lever, impacting hotel RFP performance and corporate booking volume; hotels need to optimize payment processes.
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- Hospitality TechnologyConferma Launches Industry’s First Virtual Card Performance Index for Hotels
Conferma has launched the Virtual Card Performance Index (VPI) and its first global benchmark report, establishing the industry's first objective scoring system to measure how reliably hotels process Virtual Credit Card (VCC) transactions based on actual transaction data. Scores range from 1 to 10, based on payment delivery performance and payment completion consistency. Major TMCs including BCD Travel, Clarity, and CTM have adopted the VPI, embedding scores into corporate sourcing and booking workflows. The index addresses the 'acceptance vs. execution' gap, reducing front-desk processing failures.