ABTA launches new direct debit system with Travel Ledger | New
ABTA will launch a replacement version of its single member payment system later this year.
The technology was developed by Travel Ledger.
The direct debit system enables fast online payments between travel agents and tour operators.
Transactions are consolidated by the payment system, so that each week only one payment is made into or out of each member’s bank account.
Under the new, more efficient system, ABTA members will have control over their payments, not only with who they deal with, but also by facilitating deposit and balance payments from travel agents to tour operators, and refunds. from operators to agents.
Over time, members who join the program will have the ability to process payments more frequently with the option of more than one cycle per week allowed by the current program.
After evaluating several systems, ABTA chose to partner with Travel Ledger because of its technological know-how and understanding of the travel industry.
The new system has been tested by ABTA member focus groups over the past few months, allowing members to review and refine the program and ensure it meets their needs.
It will use the same process as on the old platform, to avoid disrupting the back office functions of existing users.
John de Vial, Special Advisor at ABTA, said: âThe new program will use the latest technology to enable fast, accurate and secure consolidated payments and refunds.
“We are confident that it will greatly support user businesses and facilitate payments.”
Travel Ledger is an electronic invoicing and remittance system that is connected to UK and European banks for easy and secure payments between buyers and travel suppliers, ensuring secure transaction processing and reconciliation.
Once online, Travel Ledger will provide user and technical support to ABTA members, who will be able to review their own data, as well as identify potential issues with transactions in advance, before transactions. payments are not allowed or transactions fail, which makes the system more risky. free for all parties.
Travel Ledger Founder Roberto De Ra added: âAfter successfully testing the Travel Ledger system with a large focus group of ABTA members, we are delighted to bring the system to all members of the company. ‘ABTA in the coming weeks and we look forward to a fruitful collaboration. with them.”
ABTA members in 2019 settled over 600,000 bookings worth over Â£ 900million.