Sabre Holdings Corporation announced the national release of Sabre Merchant Pay, an integrated, end-to-end merchant payment processing product and service offering for Sabre Connected travel agencies. Sabre is the first global distribution system to offer a payment processing solution to travel industry merchants that is integrated with its host reservation system.
Developed through an exclusive partnership with QSI Payments, a world leader in providing global payment solutions, Sabre Merchant Pay utilizes QSI Payments’ unique technology to enable financial institutions and their respective customers to securely authenticate, authorize and process payments through the Sabre GDS.
Through the subscription-based service, U.S.-based Sabre Connected travel agents will be able to:
— Reduce their operating costs by 15 – 20 percent
— Maximize the efficiency of their business with online reporting and reconciliation
— Minimize the risk of fraudulent transactions
— Streamline the payment process
“Based on our analysis, we have calculated that Sabre Merchant Pay will reduce our annual Visa and MasterCard acceptance costs by nearly 20 percent,” said George Wozniak, president, Hobbit Travel. “Additionally, it will enable us to re-assign personnel to more revenue producing functions and further improve our bottom-line.”
“During the beta test we found that Sabre Merchant Pay helped us to become more efficient by streamlining the processing of our merchant payments and improving our cash flow,” said John Henry, CTO of Robustelli World Travel. “We view this product as a viable alternative to current programs offered by other organizations in the market.”
“Sabre Merchant Pay is another innovative solution designed to help our Sabre Connected travel agencies and airlines effectively manage their business and better service their customers,” said Tom Klein, president Emerging Business and Airline Reservations for Sabre. “With more than $75 billion in travel sales that flow through the Sabre system, we are able to harness the power of that information and combine it with QSI’s expertise. We believe this combination offers a real advantage over other products in the market today.”
Sabre is the leading provider of technology, distribution and marketing services for the travel industry. Headquartered in Dallas/Fort Worth, Texas, the company has approximately 6,000 employees in 45 countries. Sabre maintains an ownership interest of approximately 70 percent in Travelocity.com (Nasdaq: TVLY), the world’s leading online B2C travel site; and it owns GetThere, the world’s leading provider of Web-based B2B travel reservation systems. Sabre is traded on the New York Stock Exchange (NYSE: TSG). More information on Sabre is available on the World Wide Web at .
About QSI Payments
QSI Payments is a global provider of e-payments infrastructure software and secure payments solutions. QSI Payments’ unique software enables financial institutions, enterprises, and their respective customers to transact e-payments in a secure and authenticated manner. The company developed the first smart card debit system in 1996 and has implemented electronic payment solutions across the globe in the United States, Asia, Australia and the United Kingdom. QSI Payments has received international recognition for its Universal Payment architecture(TM) and has developed strategic partnerships with technology leaders such as Compaq and SAP. QSI Payments sets itself apart from the competition by addressing the industry’s needs for increased security, authentication, scalability and bank branding through its unique e-payments architecture that offers unlimited flexibility and absolute control. Visit QSI Payments on the Web at .Details