This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies.

Search ITCM

Amadeus joins forces with Continuum and RBS to launch first-class multi-currency payment solution

Amadeus, the leading technology provider for the global travel industry and Continuum Commerce Solutions, a leading provider of DCC (Dynamic Currency Conversion) and MCP (Multi-Currency Pricing) solutions and RBS's FXmicropay™ a leading FX provider to the travel, e-commerce and payment industries, has announced that they are collaborating on a new product to offer the travel sector a world class multi-currency payment solution.

The new multi-currency payments module, fully integrated into the Amadeus Payment Platform, will feature Dynamic Currency Conversion and Multi-Currency Pricing options. It will allow the travel merchant to make a push-offer to the traveller in order to select their home currency with which to settle the payment in. This service is particularly useful for frequent or business travellers, saving cost and valuable time and effort when preparing their expense reports. It will also generate a positive impact for the merchants as they will be able to provide a more customised payment experience to their customers. Importantly, merchants will have the ability to derive a new revenue stream through an automated, expert management of cross currency payments.

FXmicropay brings RBS’s strength as a leading foreign exchange house to Amadeus’ clients. Patented to RBS, FXmicropay is an automated service which guarantees FX rates for efficient hedging of client FX exposure. The platform, which can handle several thousand transactions per second, allows merchants to price in the currencies of their choice without having to manage multi-currency receivables or FX risk.

The solution will address airlines, travel agencies, hotel groups, travel operators, cruise liners and railways worldwide in both the on-line, face to face and call centre sales channels. The service will be supported globally by Amadeus together with Continuum and RBS through their multiple local operations.

Celia Pereiro, Head of Amadeus Travel Payments, said: “We are delighted to join forces in the offering of this solution with Continuum and RBS FXmicropay. Our multi-currency pricing and dynamic currency conversion solution will offer key benefits to both traveller and travel merchant. It is very important to allow travellers to decide how to organise their finance and to provide them with the right tools to achieve it without increasing the travel cost”.

Eamonn O’Shea, Chief Executive Officer of Continuum Commerce Solutions said: “The integration of Continuum’s DCC and MCP solutions in to the Amadeus core systems brings very significant benefits to Amadeus’s customers including faster time to go-live and revenue generation and easier maintenance and software upgrades. This is a very welcome development for both the travel industry and the traveller alike.”

Commenting on the collaboration, Jeremy Smart, global head of Electronic Distribution and co-head of Currencies & Local Market Sales, EMEA at RBS said: “The travel sector is increasingly demanding innovative tools to meet the requirements of the international marketplace. The partnership with Amadeus Travel Payments capitalises on the long-standing banking relationship between RBS and Amadeus and will naturally leverage the strengths of RBS in foreign exchange and Amadeus in Travel Services”.

Submit to DiggSubmit to FacebookSubmit to Google PlusSubmit to StumbleuponSubmit to TwitterSubmit to LinkedIn