Faster arrivals and departures for your B2B payments - Mastercard

Faster arrivals and departures for your B2B payments – Mastercard

Thursday, Apr 07, 2022 0

Evolving virtual card payment solutions for the global travel industry

As digitization accelerates the world over, and as travel behaviors shift, the travel industry is increasingly seeing the need for innovative and collaborative payment solutions.

Using virtual card technology and an innovative pricing model, the Mastercard Wholesale Travel Program is designed to bring scalable and seamless cross-border B2B payments to the entire industry – ultimately creating a more secure, frictionless experience for you and your customers and accelerating future growth opportunities.

Over 360,000+ travel providers across 200+ countries worldwide already rely on us to increase reconciliation efficiency, enable payment flow visibility, preserve liquidity, provide payments protection and enable payment guarantees. Start with partners and Start Something Priceless™.

Download case studies.

Why use the Mastercard Wholesale Travel Program?

Through virtual card technology, fixed interchange rates and transparent issuing and acquiring core fees, the Mastercard Wholesale Travel Program reduces costs, enables operational efficiencies and decreases risk for travel agencies and travel suppliers alike.

Maximize sales

The multiple rate tiers and fixed interchange rates provide the travel industry with a flexible framework to address the unique economic needs of the industry facilitating commercial negotiations between travel agents and travel suppliers.

For travel agencies, enabling closer relationships with suppliers to increase the range of products and generate additional sales

For travel suppliers, an ability to define payments terms for different markets, products and sales volumes.

Enhance protection

You are being protected against suppliers defaulting, going bankrupt or defaulted charges.

Increase visibility: Individual reference numbers that link consumer bookings with B2B payments

Protect liquidity: With enhanced credit lines through card payments

Reduce fraud risk: By limiting consumer card details being exposed and leveraging secure, one-time-use VCNs

Efficient refund process: Facilitated through enhanced and accurate reconciliation.

Download case studies.

Enhance protection

You are being protected against suppliers defaulting, going bankrupt or defaulted charges.

Increase visibility: Individual reference numbers that link consumer bookings with B2B payments

Protect liquidity: With enhanced credit lines through card payments

Reduce fraud risk: By limiting consumer card details being exposed and leveraging secure, one-time-use VCNs

Efficient refund process: Facilitated through enhanced and accurate reconciliation

Streamline and automate operations

Bring new and necessary efficiency to your daily oversight of payment flows and customer inquiries, allowing your team more time to focus on meaningful business operations.

Reduce complexity with fixed interchange rates and bundled core rates

Automate reconciliation and reporting

Simplify inquiry management

Forecast payment flow more accurately

Reduce PCI constraints

Reduce risk and fraud

By digitizing payment flows, the program better prevents fraud and failed payments, ultimately reducing risk and delivering savings to your business.

Leverage chargeback protection

Dramatically reduce risk of fraud with accurate data and tracking

Remove risk of bounced checks or failed payments after completed trips

Download case studies.

Reduce costs

Digitization and an overall more streamlined and efficient process lowers expenses by significantly reducing time and effort dedicated to legacy payment management processes.

Reduce costs associated with manual processes

Simplify the management of commissions and rebates

Manage cash flow more easily with guaranteed payment timing

Reduce DSO (working capital reduction)

Download case studies.