Utilising our strengths to enhance yours. Payment solutions for the Travel Sector

Transcription

1 Utilising our strengths to enhance yours Payment solutions for the Travel Sector

2 EQ Global EQ GLOBAL PROVIDES PAYMENT TECHNOLOGY, DELIVERING TO THE TRAVEL AND LEISURE INDUSTRY A SOLUTION THAT WILL SIMPLIFY THE PROCESS OF SENDING AND RECEIVING MONEY INTERNATIONALLY. Our end-to-end technology automates and simplifies your payment processing needs whilst helping to remove the impact of currency fluctuations on profit margins. We have multiple offerings tailored to the needs of the travel industry 01 REMOVE RISK ASSOCIATED WITH INTERNATIONAL BOOKINGS 02 GROW YOUR BUSINESS INTERNATIONALLY 03 PAY YOUR SUPPLIERS IN A WAY THAT SUITS BOTH YOU AND THEM

3 The availability of a whole suite of products allows you to pick and choose a range of solutions to meet the specific requirements of your business

4 Remove risk associated with international bookings Sending and receiving payments in multiple currencies can place your business at risk to market volatility, and can often have a negative impact on profit margins. By linking customer payments in one currency to supplier payments in another, at the time of booking, you can minimise the currency risk associated with conducting business internationally. Through API connections, we can automatically link each individual customer purchase in one currency to the underlying cost in a different currency. This technology allows customers to pay immediately, or over a pre-agreed period of time, without exposing your business to the risk of currency fluctuations. Locking in exchange rates on each transaction allows travel companies to protect their profit, mitigate exposure to market volatility and even offer the potential to add a new revenue stream. The other benefits of using a guaranteed rates solution include; precise cash flow projections and accurate pricing for your customer.

5 Grow your business internationally We help your company expand globally by allowing you to set prices in the local currency of your customers, using a guaranteed rate. Offering pricing in multiple currencies can increase online sale checkout conversion and deliver a better experience for your customer. The use of our end-to-end technology gives you the assurance that the amount your customer pays and the amount you receive are guaranteed. A stress free and reliable payments process allows you to concentrate on the business activities that matter to you most. Our products allow you to expand into new global markets reducing the exposure of profit margins to currency volatility. Our Multi-Currency Pricing provides local guaranteed rates in 60+ currencies for collection in currency specific Virtual Bank Accounts in your business name.

6 Pay your suppliers in a way that suits both you and them Expand your global payment reach to over 130 currencies; allowing you to pay your suppliers in their local currency, removing supplier bank conversion rates and adding potential benefits such as supplier discounting. Through the use of a single payment platform, you have access to multiple payment methods created to suit your specific requirements including; 01 Wires 02 Local ACH and SEPA 03 Virtual Card Accounts Payments can be processed automatically via our API, directly through the payment platform or via bulk upload for weekly payment runs. Book immediate payments, forward contracts or diarise payment processing for a future date, simplifying the operational process of managing supplier payments.

7 EQ Global provide the travel industry with an end-to-end payment solution; simplifying the process of handling multiple currencies while adding automation, cost reduction and risk mitigation

8 Payment Technology 01 PayFac 02 Virtual Card Accounts (VCA) Our in-house payment processing technology, PayFac, has been designed to support rapid deployment of mass payment for travel companies. PayFac allows clients to automatically process a large number of payments irrespective of payment method, currency, destination or date. PayFac reduces transactional risk; allowing you to allocate functionality to internal user groups; defining authorisation workflows and limits. Can be issued to suppliers through PayFac in the same manner that Wire, Local ACH and SEPA payments are created. Through a single platform, you can manage all of your outbound payments. VCAs can be issued in 10 currencies with your required controls such as limits, curfews and usage restrictions, to suit your needs and the needs of your suppliers. 03 Virtual Bank Accounts (VBA) 04 Application Programming Interface (API) A VBA solution is available across 26 currencies. You are provided with an International Bank Account Number (IBAN), which allows you to pay and receive into an account in you or your clients name. Additional benefits include automated payment reconciliation that increases the speed at which we can process payments in delivery to the ultimate beneficiary. By utilising PayFac s API s, EQ Global helps to automate your foreign currency pricing, hedging strategy and payment processing; The API provides a currency rate feed and helps with paying your suppliers with minimum effort and no manual intervention.

9 A trusted payments partner 180 years EQ Global, the international payments business of the Equiniti group, is built on a 180 year heritage of payment processing We transact in more than 130 currencies to over 180 countries Our clients range from SMEs to FTSE100 institutions, as well as government bodies and public sector organisations Utilising our technology and expertise helps clients to successfully implement a payment solution, providing enhanced product offerings and delivering operational and service efficiencies 90bn+ The value of payments we complete every year Working with businesses of all sizes

10 Our services 01 Currency and Payment Delivery Coverage 02 Receivable Coverage 130+ Wire Currencies 23 ACH Currencies 34 EUR SEPA Countries 10 VCA currencies Virtual Bank Account (VBA) facility in 26 currencies Virtual Currency Balance Reporting 03 Payment Validation 04 Payment Creation Currency, delivery method and country payment validation Regulatory Codes provided for payment identification IBAN, SWIFT and Routing Code Validation Application Programming Interface (API) for direct client internal system connectivity Manual payment creation Batch payment templates File upload with data mapping wizard Payment diarisation and processing 05 Payment Authorisation 06 Payment Remittance Multi-tiered bank mandate approval workflows Payment Batch and Line Authorisation Beneficiary Authorisation Transaction process workflows Payment Status tracking Recipient remittance advice

11 07 Multi-Currency Pricing 08 Beneficiary Management Guaranteed exchange rate pricing in 60+ currencies Manual, File Upload or API beneficiary creation Quick Click beneficiary selection through default setting 09 Beneficiary Self Service 10 Document Management Bank details data entry Payee User Contact access Beneficiary Contact communication Upload and manage documents Tag and set actions on documents

12 Your trusted payments partner equinitiglobal.com +44 (0) EQ Global is a trading name of Paymaster (1836) Limited which is authorised and regulated by the Financial Conduct Authority under the Payment Services Regulations Registered Office: Sutherland House, Russell Way, Crawley, West Sussex RH10 1UH. Registered in England and Wales No Part of the Equiniti Group.