Alternative Payments

Since we last reported about the prevalence of data breaches in the hotel industry over a year ago, we’re continuing to see more attacks. Many major hotel chains have been subject to some sort of hacking or payment data theft....

The travel industry is facing a growing fraud threat, particularly from card not present (CNP) transactions. Both consumers and businesses are at risk, but virtual card numbers can present a solution. CNP transactions – those that are processed without a card...

For many travel companies across the globe international supplier payments are a necessary requirement of doing business. But foreign currency transactions come with an inherent risk and potential cost implications. Factors that influence currency market movements Traditionally economic announcements –...

Payment technologies are constantly evolving, and successful companies know they need a knowledgeable partner to help them keep up with change and to streamline their processes. But with the number of vendors increasing, and the variety of technologies available, it...

Companies in the travel industry face unique accounts payable (AP) challenges due to the nature of their business. From traditional travel agents, to OTAs, to tour operators, making payments typically involves a large number of suppliers across the globe. Suppliers might include...

According to a report from 2015, travel and tourism contributed more than $10 trillion to the global economy and business travel is a large part of this ever-changing industry, making a global economic contribution of $1.1 trillion. Business travel is...

Having the right travel supplier base is essential for travel companies as it dictates their ability to successfully win customer bookings. When looking at ways to strengthen relationships with suppliers it is important that travel companies understand the impact that...

For the travel company of today catering to the needs and tastes of customers is vital to business success. In order to give customers what they want it is important that travel companies have the right mix of booking options,...

For companies today managing cash flow and working capital is often a challenge with the need to manage the monetary requirements of your own business against the need to pay suppliers according to agreed timelines. The method you choose to...

Barring the unexpected success of any midnight-hour legal challenges to the UK invoking Article 50, the United Kingdom’s decision to remove itself from the European Union will become a reality within the next two years, as leaders from UK and...