Amadeus, Mastercard, Elavon test B2B payments plan with Thai Airways

Amadeus (a Madrid-based travel reservations provider) is teaming with Mastercard and Elavon (the payments unit of U.S. Bancorp) to launch a B2B payments plan with Thai Airways and Sweden’s Select Travel. The new plan could save as much as 70% off the cost of normal transaction costs through a combination of reduced interchange fees and greater efficiencies in fraud, cash flow and chargeback processes. If successful, Amadeus plans on expanding the use of the B2B payments plan to include other airlines.

Source: www.mobilepaymentstoday.com