Travel Technology

Safeguarding the future of travel

July 8, 2021

This whitepaper explains:
  • Travel is an ultra-high-risk sector for card acquirers because most payments are for future delivery. If merchants fail to fulfill a service for which they have taken payment (often months in advance) customers can recover their money from the acquirer by initiating chargeback.
  • Acquirers traditionally demand substantial cash collateral (holdbacks) or other financial security from travel merchants to mitigate this risk.
  • Holdbacks lock away substantial funds for travel companies and can therefore be highly damaging to liquidity.
  • High-profile collapses and the COVID-19 crisis have driven acquirers to impose  harsher terms or quit the travel sector completely.

Spotlight

Divi Resorts

Divi Resorts offer Caribbean vacation guests some of the most beautiful Caribbean beachfront resort locations in the world: Aruba, Barbados, Bonaire, St. Maarten, and St. Croix in the U.S. Virgin Islands.

OTHER WHITEPAPERS
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Restarting Permissible Business Travel

whitePaper | May 24, 2021

Optimism is growing for a return to business travel. 79% of Travel Managers and GBTA members say they would be “very comfortable” or “comfortable” traveling after receiving the COVID-19 vaccine. 55% of Travel Managers say business travelers are “willing” or “very willing” to travel for business, up from 49% at the start of 2021. To help you lead the restart of business travel for your organization, here are 7 key steps to consider.

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whitePaper | December 5, 2022

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Spotlight

Divi Resorts

Divi Resorts offer Caribbean vacation guests some of the most beautiful Caribbean beachfront resort locations in the world: Aruba, Barbados, Bonaire, St. Maarten, and St. Croix in the U.S. Virgin Islands.

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