In a game-changing development for the global travel industry, Travelsoft, a leading software-as-a-service (SaaS) provider, has launched Travelsoft Pay, a revolutionary payment solution designed to meet the dynamic needs of tour operators and travel agencies worldwide. Powered by Worldpay, a global leader in payment technology, this innovative service promises to enhance payment efficiency, security, and customer satisfaction.
Travelsoft’s vast array of platforms, including Atcore, Orchestra, Tigerbay, Traffics, TravelgateX, Travel Compositor, and Travel Connection Technology, already process an estimated €35 billion annually in travel bookings. With the introduction of Travelsoft Pay, the company is set to deliver a seamless and integrated payment solution that will further streamline transactions, improve fraud protection, and elevate operational performance for travel businesses.
A Strategic Partnership with Worldpay
The collaboration with Worldpay ensures that Travelsoft Pay is backed by cutting-edge payment technology and global expertise, providing Travelsoft clients with a superior payment experience. Worldpay’s advanced tools, such as Fraudsight, help minimize fraud risks, while real-time transaction monitoring and reconciliation services significantly enhance travel companies’ efficiency.
Charles Tandonnet, VP of the Grow Program at Travelsoft, emphasized the strategic importance of this partnership, stating:
“For many years now, we have heard from the hundreds of tour operators and travel agencies we work with in over 90 countries that they need better payment solutions, particularly to address their international needs. We are thrilled to introduce Travelsoft Pay for our clients, offering a transformative solution that integrates payment services seamlessly. Travelsoft Pay is more than a payment solution; it’s a strategic ally for businesses looking to stay ahead in the dynamic world of travel.”
This partnership comes when the travel industry is undergoing rapid change. Tour operators and travel agencies seek more efficient and secure ways to handle transactions in a globalized environment. The introduction of Travelsoft Pay signals a bold move toward more incredible innovation and customer-centric solutions within the travel sector.
Enhanced Payment Services for Global Travel Businesses
With the launch of Travelsoft Pay, tour operators and travel agencies that use Travelsoft’s platforms can now benefit from a fully integrated payment solution tailored to their specific needs. The service offers:
- Payment Collection: Travelsoft Pay provides access to advanced services and preferred payment methods that promise to increase customer conversion and loyalty. Travel agencies can now process payments through an enhanced system that reduces fraud risks without adding integration costs. Fraudsight, a powerful tool from Worldpay, provides real-time fraud prevention, offering peace of mind to businesses processing high volumes of transactions.
- Pay-out Solutions: Speed and efficiency are at the heart of Travelsoft Pay’s pay-out system. The platform offers same-day bank transfers, enabling travel agencies to automatically manage, schedule, and execute payouts through a user-friendly dashboard. This feature is designed to optimize the flow of payments to suppliers, enhancing businesses’ overall financial management.
- Refund Solutions: Customer satisfaction is a crucial priority for Travelsoft Pay, and its refund solutions are second to none. With the ability to process refunds within 30 minutes or by the next working day, Travelsoft Pay ensures that travel businesses can offer swift, hassle-free refund options, whether through credit card or bank account transfers. This level of service reinforces customer trust and strengthens business relationships.
Driving Efficiency and Growth
The launch of Travelsoft Pay is designed to address the evolving needs of travel agencies and tour operators operating in over 90 countries. It offers a fully integrated payment service that simplifies financial management and drives growth. With the addition of embedded payment services, businesses can focus more on expanding their operations and less on dealing with the complexities of payments.
Maria Prados, SVP of Go-To-Market at Worldpay, commented on the collaboration, stating:
“Travel sellers often have complex needs when it comes to payments, and as we strive to make taking payments as easy as possible for these businesses, working with the world’s leading travel SaaS company was an easy decision. Combining the presence of Travelsoft’s tour operators and travel agencies with our global scale and advanced payments solutions will free these businesses up to spend more time growing their business and less time worrying about payments.”
Travelsoft is positioned to offer its clients industry-leading travel and payment technology expertise by partnering with Worldpay. The result is an all-in-one solution that reduces the burden of transaction management and empowers businesses to streamline their operations, minimize risks, and improve customer satisfaction.
A Bright Future for Travelsoft Pay
Travelsoft Pay marks a significant milestone in the evolution of travel technology, positioning Travelsoft at the forefront of innovation in the global travel industry. With the power of Worldpay’s payment solutions behind it, Travelsoft Pay is set to redefine how travel businesses handle payments, refunds, and payouts, all while ensuring security, efficiency, and flexibility.
Adopting Travelsoft Pay offers a clear path to increased profitability, enhanced operational efficiency, and superior customer experience for tour operators and travel agencies looking to stay competitive in an ever-changing industry.
Explore Travelsoft Pay and its groundbreaking features by visiting Travelsoft’s official website.
Written by: Michelle Warner
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