Worldpay has teamed with Mastercard to provide virtual cards for travel agents.
The new offering is aimed at alleviating what Worldpay says is a persistent problem, per a Wednesday (Nov. 20) news release.
“Travel agents that sell travel bookings directly to end consumers have long been challenged by how to best manage payments to suppliers such as airlines, hoteliers and other travel service providers,” the company said in the release.
Worldpay’s partnership with Mastercard, the release adds, is designed to improve how these supplier payouts are handled and “create differentiated and tailored offerings for travel agents.”
With Mastercard’s Wholesale Program, Worldpay can provide virtual cards to travel agents, helping boost payment efficiency for its clients in the U.K. and Europe. Worldpay has also become the first provider to offer Mastercard’s dynamic product code capability, letting travel agents and travel suppliers agree on mutually beneficial…
