Sabre’s Virtual Payments Technology Moves Forward with New Conferma Pay CEO
Conferma Pay, a provider of virtual payments technology, and Sabre Corporation, a leading travel technology company, on Monday announced the appointment of Jason Lalor as Chief Executive Officer of Conferma Pay.
The appointment follows Sabre’s acquisition of Conferma Pay in August 2022, and its announcement of a new partnership and minority investment by Mastercard in November 2022 – which was completed on January 31, 2023.
Lalor brings more than 20 years of leadership experience in commercial operations, strategy development and partner engagement at some of the world’s most well-known and innovative fintech companies.
His appointment marks the next step in Conferma Pay’s and Sabre’s payments journey.
Leaning into Conferma Pay’s new partnerships with Sabre and Mastercard, Lalor will lead the company as it seeks to build new and enhanced digital capabilities in virtual cards, transforming the payment experience for the travel industry.
“This is an exciting time to be working in payments, and the new investments have given Conferma Pay the opportunity to be at the forefront of developments,” said Lalor.
According to Roshan Mendis, Executive Vice President and Chief Commercial Officer, Sabre Travel Solutions, Lalor brings extensive commercial leadership experience and a deep understanding of the payments ecosystem during the pivotal year in Sabre’s payments journey.
“This will be integral in advancing our goal to accelerate the digitization of business-to-business (B2B) travel payments,” he said.
Conferma Pay connects issuers to more than 700 travel management companies, all the major global distribution systems and more than 100 online booking tools. It is fully integrated with all the major card schemes and serves more than 50 banking partners, who issue Conferma Pay generated virtual cards in nearly 100 currencies.