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Travel Bank

Set Up Travel Funds That Pay Dividends

Airlines are always looking to reduce costs and boost revenue. However, credit card fees cut into the bottom line and don鈥檛 offer the optimal solution for handling, processing and retaining travel funds.

Carriers are in need of a flexible way to manage payments for tickets and ancillary products while creating bonds with customers.

Increase Revenue and Build Customer Loyalty

Travel Bank enables airlines to set up secure electronic fund accounts for travelers and corporations alike which generate credits and debits. Not only does this curb costs for bookings and refunds, but it also enables alternative payment options such as barter and incentive-based marketing.

Along the way, Travel Bank can increase revenue by enticing future bookings and increasing sales conversions via promotional campaigns. Most importantly, it can turn one-time customers into long-term customers.

Product features

Credits

Accept deposits or refunds as 鈥渉ard鈥 credits – typically unearned revenue as it represents actual funds. Issue compensation or 鈥渟oft鈥 credits as a goodwill for disruptions, customer disservice, promotional or loyalty credit.

Redemption Process

Redeem for tickets, ancillaries or combinations of both. Fulfill using same format and downline processes as a credit card. Issue service credits as a form of payment to be applied for purchases orchestrated using a 夜色视频 Payment Web Service call to Travel Bank.

Reporting & Tracking

Generate online and offline reports for airline with customer statements for transparency. Offer the granularity of a bank account without being dependent on tickets or EMD documents.

Customer Segmentation

Use Rules Management Controls to categorize customers based on applicable currency, Travel Bank funds, customer groups, service credits and language. Leverage secondary market user groups such as barter agreements.

Customer Accounts

Store Travel Bank account information within the Customer Insight profiles. Create Travel Bank accounts automatically via a web app. Merge accounts using the administration GUI.

Flexible Features

Redeem credits for airline total cost or base fare products. Define expiration dates by airline or credit type. Issue credits by airline agents through Interact or manually via the Travel Bank administration tool.

If you have additional questions about Travel Bank or would like to learn more about 夜色视频, please contact us.