How do you manage the complexities of
airline omnichannel payments?
Many airline payment systems have become increasingly complex as the majority sell in most, if not all countries in the world. Until recently there used to be a handful of large international card brands, but now there are many more, each with its own transaction format requirements, business rules, and economics.
Another factor that makes payments complex for airlines is the fact that travel agents make the sale on behalf of airlines and remit the money to the airline at a later time through IATA BSP, and ARC in the US. Airlines also have POS terminals to collect payments in the airport or in the Airplane.
FinMont’s payment orchestration platform acts as an integration layer to connect all the data points from the different airline payment channels, both direct and indirect, as well as B2B supplier payments, to allow full tracking and management of the end-to-end payment flow and derive meaningful insights to implement your strategic business goals.
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How can you benefit from the game changing
NDC payment strategy?
Current indirect distribution channels support only two forms of payment: cards and cash. Extra authentication, like 3-D Secure, is not possible when the travel agent uses the card in GDS. NDC brings the opportunity for airlines to better manage their payment strategy and the resulting costs.
FinMont’s payment orchestration platform enables airlines to create products in the NDC channel and link them to their preferred or more convenient payment method. We integrate directly into your NDC systems to support a seamless payment flow and keep you at the forefront of new payment trends like open banking, real-time banking, and Fly Now Pay Later, along with regulatory requirements like strong customer authentication (SCA).
How do you achieve a seamless payment flow across
all the airline systems?
Airlines deal with multiple systems like PSS, DCS, RMS, and internet booking engines to provide a seamless experience to passengers. By integrating these systems within your payment flow, your airline will have a clear overview of the payment life cycle at any point in time and have an opportunity to improve the existing processes.
FinMont’s payment orchestration platform is already connected with some of the most prominent airline information systems, and we are very open to integrating them further. These integrations will assist the airline in gaining a holistic view of the overall payment process flow and achieving a seamless payment experience.
Our Co-Founders and CEO have extensive
travel industry experience
Our Co-Founders, Hans Nolte and Nikolaus Gormsen, are the owners of Hahn Air and have a track record of success and 80 years of combined experience in the travel sector. Hahn Air has more than 350 airline partners, and over 100,000 travel agencies use Hahn Air’s services globally.
Our CEO, Dr. Suby Valluri, is a software engineer and economist with 15 years of working experience in the travel, payments, and eCommerce sectors. Because he has a unique set of skills, he helps us come up with new and useful ways to meet the payment needs of the travel industry.
FinMont has been developed to address genuine issues in the travel and hospitality sectors. Our industry experience is fueling the success of our customers.
200+
Acquirers, PSPs & Aggregators
350+
Travel supported Alternative Methods of Payment (APMs)
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