GLOBAL PAYMENTS

Supplier and Commission Payments (SCP) optimizes global payments between companies based on virtual credit cards.

Key Benefits of (SCP) for your business:

• automating manual reconciliation
  
• total control of costs
  
• optimized liquidity
  
• no SWIFT payments
  
• Fully-fledged prepaid-based MasterCard
  
• Accepted by millions of service providers
• 27 currencies available: AED, ARS, AUD, BRL, CAD, CHF, CNY, CZK, EUR, GBP, INR, JPY, KRW, KWD, MXN, MYR, NZD, OMR, RUB, SEK, SGD, THB, TND, TRY, TWD, USD, ZAR
• Storage of industry-specific data from the hotel and airline sectors – including booking information – directly on the virtual card by the tour operator and on the transaction, if supplied by the service provider.
• XML interface for automated booking and payment processing
• Management also via a web-based graphical user interface ( Enterprise Portal)
  
  There is considerable potential for improvement in international payments for many industries. In tourism, for instance, where a tour operator has contracts with many thousands of service providers the world over and is required to pay numerous suppliers with numerous transactions. Agents, hotels and airlines are usually paid using company credit cards – without any protection against inflated debits and without any control regarding the payment date. The subsequent manual reconciliation of bookings and payments is time-consuming and often produces mistakes.
  
  With SCP on the other hand, a virtual credit card is generated in real-time for each booking. It is freely configurable and adjusted exactly to the booking amount. This enables the automated monitoring of payment dates and amounts. Reconciliation of bookings and payments likewise occurs automatically. This procedure reduces costs, saves time and provides utmost transparency and security.