16 December 2008

Payment Processing - A New Frontier

For many travel suppliers and sellers - one of the last major hurdles in cost is the payment processing.

Costs related to payment processing come from a variety of sources but it is important to understand the big 3 - which are interrelated:

Processing Costs from provider
Internal and Manual costs
Fraud

Each of these have to be managed very carefully. If you miss any one it will kill you. Of course regulatory compliance is another big issue.

I urge you to go to this website and download the presentations from the recent Travel Payment Summit that was held in FRA earlier this month.

Many of the presentations are available online. It's important that you get acquainted with the subject matter. This is a rapidly evolving subject matter area.

http://www.airlineinformation.org/AI_conferences/TPS2008/index.html

Cheers

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