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Integration of Amadeus’ B2B Wallet brings the efficiency and fraud prevention benefits of virtual cards to Ypsilon agents
Travelers today increasingly look to travel agencies to help them search for and book travel on Low Cost Carriers (LCCs). This demand is driving the need for platforms such as Ypsilon as they aggregate LCC content for agents and help them pay the airlines in new, more flexible ways. To simplify agent payments to Low Cost Carriers (LCCs), Ypsilon - one of the largest aggregators of LCC content - has integrated Amadeus’ B2B Wallet Solution within its booking platform so agents can pay for a wide range of LCC fares according to their unique business strategy.
With LCCs representing approximately 25% of total seats flown in Ypsilon’s key European markets the company needed to offer its OTA and agency customers a convenient and flexible means to pay the airlines. By integrating Amadeus’ B2B Wallet solution, agents can now automatically generate a virtual card quickly and simply within the Ypsilon booking flow. Each virtual card can be unique to an individual booking making reconciliation simple whilst reducing fraud.
The new integration will provide Ypsilon’s agency customers with the widest possible choice of B2B Wallet payment options including credit, debit and pre-paid options. This means agencies can tailor payments to their specific business by for example, prioritizing cashflow or opting for the lowest cost approach. The flexibility to choose from a wide range of virtual payment cards also means agents can pay LCCs according to the airline’s preferred methods helping them to optimize cashflow, reduce the cost of payments and to earn rebates.
Patrick Coulomb, VP Sales and Marketing, Ypsilon added: “Our platform brings together the widest range of LCC content and we are committed to making it easy for agents to book these airlines. Integrating Amadeus’ B2B Wallet solution drastically increases payment options which is a win win for agents and airlines.”
Bart Tompkins, Managing Director, Payments, Amadeus commented: “Our mission is to make our flexible payment technology available wherever agents need to pay suppliers, reducing the cost, complexity and friction faced by the industry. The integration with Ypsilon represents an important milestone with agents now able to pay all types of airlines easily.”
The Ypsilon integration follows a raft of new innovations from Amadeus including PartnerPay, a new solution in collaboration with Mastercard and Elavon that allows agencies to pay using an airline branded virtual card reducing the cost of payments by up to 70% compared to existing methods.