Amadeus is working with MasterCard and payments firm Ixaris to offer travel agencies payment acceptance and security through the use of financial technology (fintech).
The agreements are helping expand the use of the Amadeus pre-paid B2B Wallet, which was unveiled in February.
Amadeus’ solution will build on MasterCard’s global network to expand virtual B2B payments in travel while Ixaris allows agents to create and add funds to their virtual payment cards.
The travel technology firm’s head of travel payments Celia Pereiro said: “Virtual card technology is the ideal application of fintech innovation for the travel industry.
“By combining the strengths of Amadeus, MasterCard and Ixaris, we bring flexibility, efficiency and confidence to travel agent B2B payments.
“Since we launched the product in February we have seen overwhelming demand for it and today have customers in 10 European countries.”
Hany Fam, of MasterCard Enterprise Partnerships, added: “With our global acceptance, advanced security and automatic consolidation, Amadeus B2B Wallet gives travel agencies a host of reasons to leave cash, cheques and other payment mechanisms behind, saving time and money.
“We look forward to further evolving our partnership with Amadeus – to shape the future of travel by enabling safe, simple and smart end-to-end experiences for businesses and consumers alike.”
Ixaris Group chief executive Alex Mifsud said: “We are proud to be working with Amadeus to help develop its B2B wallet proposition and now to extend it to countries around the world with our prepaid virtual payments technology at its core.
“This development is a strong endorsement of our strategy to develop B2B payments that suit specific industries, and – as is the case with Amadeus – supplying the payment capability to innovative and disruptive companies.
“Travel, and in particular, online travel, is an industry with huge potential to benefit from the changes in the way we pay, receive and send money.”