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Airline Ticket Fraud and How Big Companies Avoid It

AltexSoft Travel

With travel agents playing smaller and smaller roles in bookings, airlines are becoming an easy target for fraudsters. For instance, a fraud will book a near-term departure at any ticket value with an online travel agent service. These efforts are paying off. But everything has a price. And they take it seriously.

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Experiential Travel Explained: Players, Distribution Landscape, and Opportunities

AltexSoft Travel

Tour operators are travel companies that devise itineraries, create corresponding multi-component tour packages, sell them to travel agents or travelers, and make sure everything goes well from the start to the end of the trip, having full responsibility to the traveler. Tour operators: providing turn-key services.

Travel 105
MICE professionals

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Virtual Credit Cards in Travel: How to Secure B2B Payments Between OTAs and Suppliers

AltexSoft Travel

Other vendors, from sightseeing tour companies to airlines to cruise lines, are also not big fans of VCCs — and for a reason. This advantage is especially relevant when it comes to selling flights since, as Koert puts it, “if a hotel goes bankrupt, the property still remains, and people might have the option to travel there.

B2B 52
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19 Event Trends That Will Shake Up Meetings & Group Business in 2019

Social Tables

In other words, planners are not just meeting coordinators, they are now ad-hoc travel agents. Cultural interactions, local dining, experiential travel, and team-building activities are all in the mix. Be sure to communicate the plan to all vendors. not cost-, time-, or conflict-related). Have evacuation plan discussions.

Trends 167
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Hotel Online Payments: How and Why to Transform Your Payment Process

AltexSoft Travel

For a modern customer, grown to love the convenience of eCommerce, such experience contrasts with what they expect. But B2B payments are just as important – those are the payments between a hotel and its partners such as online travel agencies (OTAs) , travel agents, travel management companies (TMCs) , corporates, and so on.

Online 52
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Travel Payments Integration: Hands-On Experience with Solutions for OTAs and Other Resellers

AltexSoft Travel

The first thing to keep in mind when you go into eCommerce is PCI DSS compliance. Travel business and PCI DSS compliance levels In 2017, the International Air Transportation Association (IATA) officially supported the initiative declaring that their internal electronic system — Billing and Settlement Plan (BSP) — is compliant with PCI DSS.

Travel 52
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New Distribution Capability (NDC) for Airlines: Key Providers and Implementation Scenarios

AltexSoft Travel

This is the information you can act upon – customize offers to meet the exact, known needs of each traveler. Unlike EDIFACT, able to submit only fares and schedules to OTAs, the NDC standard allows for delivering comprehensive flight information to travel agents. It’s the highest-ranking compliance for IT vendors.