Amadeus, Elavon and Mastercard have partnered on the Amadeus B2B Wallet Partner Pay solution.
This is currently being used by Thai Airways and Select Travel, a travel agency based in Sweden, as part of a trial. When the latter initiates a payment on a Thai Airways booking, it now uses a Thai Airways branded virtual card from Mastercard. Elavon acts as the acquiring bank so the airline can accept payments initiated by a wide variety of banks within Mastercard’s network.
The new solution covers the entire payment flow between the two companies. Savings are achieved in part by a reduction in interchange fees with each of the three technical partners contributing to efficiencies in fraud, cash flow and chargebacks.
A spokesperson for Thai Airways says: “We’re pleased with the results of the pilot and view this new approach as an important way to build closer ties with travel agencies. We think it’s a ‘win win’ for us and our partners.”