{"id":8741,"date":"2020-06-18T13:54:05","date_gmt":"2020-06-18T13:54:05","guid":{"rendered":"https:\/\/www.voxelgroup.net\/blog\/melia-world2meet-abreu-logitravel-and-prestige-join-the-open-payment-alliance-through-voxel-groups%e2%80%99-initiative"},"modified":"2021-04-27T10:04:59","modified_gmt":"2021-04-27T09:04:59","slug":"melia-world2meet-abreu-logitravel-and-prestige-join-the-open-payment-alliance-through-voxel-groups-initiative","status":"publish","type":"post","link":"https:\/\/www.voxelgroup.net\/blog\/en\/melia-world2meet-abreu-logitravel-and-prestige-join-the-open-payment-alliance-through-voxel-groups-initiative\/","title":{"rendered":"Meli\u00e0, World2Meet, Abreu, Logitravel and Prestige join the Open Payment Alliance through Voxel Groups\u2019 initiative"},"content":{"rendered":"Tiempo de lectura:<\/span> 3<\/span> minutos<\/span><\/span>[vc_row type=”in_container” full_screen_row_position=”middle” scene_position=”center” text_color=”dark” text_align=”left” overlay_strength=”0.3″ shape_divider_position=”bottom”][vc_column column_padding=”no-extra-padding” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_link_target=”_self” column_shadow=”none” column_border_radius=”none” width=”1\/1″ tablet_width_inherit=”default” tablet_text_alignment=”default” phone_text_alignment=”default” column_border_width=”none” column_border_style=”solid”][vc_column_text]Meli\u00e0, World2Meet, Logitravel, Abreu and Prestige are the first travel firms to join the Open Payment Alliance, through the Early Adopters program created by Voxel Group and Mastercard to advance a new standard for B2B payments in the industry. In just 15 days, over a dozen companies, including hotels, tour operators, bedbanks and PMSs have already shown interest in the initiative.<\/p>\n

Early Adopters Program<\/strong><\/h4>\n

The Early Adopters Program sponsors the integration costs of companies that adopt the Payment Manager and make B2B payments with virtual credit cards, thanks to an agreement between Voxel Group and Mastercard. In the words of Chiara Quaia<\/strong>, Vice President of Travel Business Development at Mastercard<\/strong>, \u201cthe easiest and most effective method to make B2B payments is to use the existing virtual card payment products to manage the end-to-end process for all parties involved in the ecosystem.\u201d<\/em><\/p>\n

For his part, Voxel<\/strong> President Xavier Ginesta<\/strong> explains that \u201cthe fact that we can count on hotels and bedbanks along with operators and PMSs in the Early Adopters program is highly significant of the importance of the new B2B payment standard for the entire tourist industry.\u201d<\/em><\/p>\n

In the opinion of Mr Ginesta, \u201cthe objective of the program is to form a working group made up of different types of companies that will co-design a set of best practices in the use of the Payment Manager and the OPA standard in order to transform the way B2B payments are carried out in the industry.\u201d<\/em><\/p>\n

Benefits of the program<\/strong><\/h4>\n

In addition to reducing start-up and integration costs, program participants will be able to benefit from the competitive advantage of being able to operate in a lower risk scenario while other companies continue to battle with credit insurers, as well as enjoying reduced costs deriving from B2B payment and collection circuit automation and simplification, and greater flexibility for payment methods that best suit their business provisions.<\/p>\n

As explained by Meli\u00e1 Hotels International<\/strong> Senior Director for Credit & Insurance Gaspar Llabr\u00e9s<\/strong> \u201cMeli\u00e1 works with strategic partners around the world, such as Voxel and Mastercard at the Open Paymen Alliance, to maximize the potential of digital technology, especially in the new scenario. Given the lower availability of credit from insurers, companies will have to resort to other methods, such as the Payment Manager, to mitigate risk\u201d.<\/em><\/p>\n

In this sense, Logitravel<\/strong> CFO Jes\u00fas Pons<\/strong> remarks that \u201cin the new scenario with significantly lower risk coverage, we must find new ways to collect earlier and secure operations, and the Payment Manager is undoubtedly the tool that will give us greater flexibility to adopt new payment methods that we did not need until now because insurance was sufficient.\u201d<\/em>[\/vc_column_text][\/vc_column][\/vc_row][vc_row type=”in_container” full_screen_row_position=”middle” scene_position=”center” text_color=”dark” text_align=”left” overlay_strength=”0.3″ shape_divider_position=”bottom”][vc_column column_padding=”no-extra-padding” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_link_target=”_self” column_shadow=”none” column_border_radius=”none” width=”1\/1″ tablet_width_inherit=”default” tablet_text_alignment=”default” phone_text_alignment=”default” column_border_width=”none” column_border_style=”solid”][testimonial_slider style=”default” star_rating_color=”accent-color”][testimonial star_rating=”none” title=”Testimonial” id=”1592487584-1-16″ tab_id=”1592488077192-9″ name=”Chiara Quaia” subtitle=”Mastercard” quote=”The easiest and most effective method to make B2B payments is to use the existing virtual card payment products to manage the end-to-end process for all parties involved in the ecosystem.”] Click the edit button to add your testimonial. [\/testimonial][testimonial star_rating=”none” title=”Testimonial” id=”1592487584-2-77″ tab_id=”1592488077245-1″ name=”Xavier Ginesta” subtitle=”Voxel Group” quote=”The fact that we can count on hotels and bedbanks along with operators and PMSs in the Early Adopters program is highly significant of the importance of the new B2B payment standard for the entire tourist industry.”] Click the edit button to add your testimonial. [\/testimonial][testimonial star_rating=”none” title=”Testimonial” id=”1592488193258-0-0″ tab_id=”1592488193261-10″ name=”Gaspar Llabr\u00e9s” subtitle=”Meli\u00e0 Hotels International” quote=”Meli\u00e1 works with strategic partners around the world, such as Voxel and Mastercard at the Open Paymen Alliance, to maximize the potential of digital technology, especially in the new scenario.”][\/testimonial][testimonial star_rating=”none” title=”Testimonial” id=”1592488227476-0-1″ tab_id=”1592488227478-9″ name=”Jes\u00fas Pons” subtitle=”Logitravel” quote=”In the new scenario with significantly lower risk coverage, we must find new ways to collect earlier and secure operations, and the Payment Manager is undoubtedly the tool that will give us greater flexibility.”][\/testimonial][\/testimonial_slider][\/vc_column][\/vc_row][vc_row type=”in_container” full_screen_row_position=”middle” scene_position=”center” text_color=”dark” text_align=”left” overlay_strength=”0.3″ shape_divider_position=”bottom”][vc_column column_padding=”no-extra-padding” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_link_target=”_self” column_shadow=”none” column_border_radius=”none” width=”1\/1″ tablet_width_inherit=”default” tablet_text_alignment=”default” phone_text_alignment=”default” column_border_width=”none” column_border_style=”solid”][vc_column_text]\n

The post-Covid-19 scenario: innovation and risk minimization<\/strong><\/h4>\n

Despite the fact that the Open Payment Alliance<\/a> was originally born of the need to eliminate inefficiencies and to optimize B2B payments in the travel industry, the OPA now makes more sense than ever in the post-Covid-19 world in which reservation volumes have fallen dramatically, profit margins are getting narrower and narrower, and trust among OTAs, bedbanks and hotels has waned as insurance companies reduce credit availability for the sector.<\/p>\n

The Open Payment Alliance is an independent initiative created by and for the industry within HEDNA and HTNG, providing transparency and traceability throughout the payment process and spreading risk amongst all parties: hotels, OTAs and bedbanks.<\/p>\n

In addition to contributing to risk mitigation, OPA optimizes processing costs, automates payment, collection and reconciliation processes, offers flexibility in terms of payment methods, integrates with PMSs and ERPs, eliminates manual processing, eliminates legal problems and simplifies electronic invoice payment processes.<\/p>\n

The OPA Early Adopters Program sponsored by Mastercard and powered by Voxel is open for travel companies, PMSs and CRSs.[\/vc_column_text][\/vc_column][\/vc_row][vc_row type=”in_container” full_screen_row_position=”middle” scene_position=”center” text_color=”dark” text_align=”left” overlay_strength=”0.3″ shape_divider_position=”bottom”][vc_column column_padding=”no-extra-padding” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_link_target=”_self” column_shadow=”none” column_border_radius=”none” width=”1\/1″ tablet_width_inherit=”default” tablet_text_alignment=”default” phone_text_alignment=”default” column_border_width=”none” column_border_style=”solid”][nectar_btn size=”large” open_new_tab=”true” button_style=”regular” button_color_2=”Accent-Color” icon_family=”none” url=”https:\/\/bavelnetwork.voxelgroup.net\/en\/travel\/opa.html” text=”More information”][\/vc_column][\/vc_row]\n","protected":false},"excerpt":{"rendered":"

[vc_row type=”in_container” full_screen_row_position=”middle” scene_position=”center” text_color=”dark” text_align=”left” overlay_strength=”0.3″ shape_divider_position=”bottom”][vc_column column_padding=”no-extra-padding” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_link_target=”_self” column_shadow=”none” column_border_radius=”none” width=”1\/1″ tablet_width_inherit=”default” tablet_text_alignment=”default” phone_text_alignment=”default” column_border_width=”none” column_border_style=”solid”][vc_column_text]Meli\u00e0, World2Meet, Logitravel, Abreu and…<\/p>\n","protected":false},"author":14,"featured_media":7629,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_sitemap_exclude":false,"_sitemap_priority":"","_sitemap_frequency":"","footnotes":""},"categories":[1628],"tags":[1921,1851,1725,1884,1797,1662],"coauthors":[2141],"class_list":{"0":"post-8741","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-e-payments","8":"tag-early-adopters-program-en","9":"tag-mastercard-en","10":"tag-open-payment-alliance","11":"tag-payment-manager","12":"tag-press-release","13":"tag-travel-en"},"yoast_head":"\nMeli\u00e0, World2Meet, Abreu, Logitravel and Prestige join the Open Payment Alliance through Voxel Groups\u2019 initiative - 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