Fraud has a significant impact on the travel industry, affecting both businesses and travellers alike. For businesses, fraud can result in financial losses, damage to reputation, and increased operational costs to prevent future occurrences. Travellers may experience identity theft, unauthorised charges, or even booking scams, leading to frustration and distrust in the industry. It is crucial for travel businesses to implement robust security measures and for travellers to stay vigilant and verify the legitimacy of their bookings to combat fraud effectively.

In the ever-evolving world of business, Mail Order Telephone Order (MOTO) payment systems have emerged as a game-changer. These web-based payment solutions enable businesses to efficiently process card transactions remotely, making it convenient for customers who cannot make payments in person. 

As a travel business owner, you’re no stranger to the unique challenges and risks that come with operating in the travel industry. From fluctuating currency exchange rates to cancellations and no-shows, travel businesses face a myriad of risks that can impact their bottom line. That’s where acquirers, or merchant services providers, come in. So how do acquirers mitigate risk for travel businesses?

Fresh off the plane from Cyprus and still sporting a bit of sunburn, I wanted to share some reflections from this year’s IFX Expo. The event offered a great balance between meaningful networking and focused business discussions.

Running a successful travel business includes managing various aspects, including payment processing. As the travel industry continues to evolve, it's crucial to stay informed about the best practices and strategies for handling travel payments effectively. 

In today’s fast-paced digital economy, an efficient and reliable payment system is crucial for businesses striving to meet customer expectations and stay competitive. For UK-based merchants, evaluating your current payment system is not only a smart move—it’s essential to ensure your business operates smoothly, securely, and cost-effectively.

The travel industry can handle a little turbulence, but the checkout experience is one area where smooth sailing truly matters. Travellers expect booking a trip to be a seamless step in their journey, not a source of frustration.

In the ever-evolving landscape of e-commerce, Artificial Intelligence (AI) stands as a transformative force, offering businesses unprecedented opportunities to innovate, streamline operations, and enhance customer experiences. Here are strategic recommendations for e-commerce businesses to leverage AI effectively, along with specific companies to consider:

Recurring payments have become a key feature for businesses offering subscription-based services or memberships. Whether you're operating a streaming service, a gym, or a SaaS platform, ensuring seamless and secure recurring billing is essential to maintaining customer satisfaction and steady revenue. However, handling recurring payments requires compliance with card scheme regulations and best practices to avoid chargebacks, failed transactions, and disputes.

Digital wallets offer several benefits to the payments industry, including improved user convenience, enhanced security, integration with loyalty programs or reward systems directly within the wallet, and increased conversion rates. How do you think digital wallets might evolve in the coming years?

In the fast-paced world of travel and tourism, payment processing plays a critical role in ensuring seamless transactions for businesses and customers alike. As a travel merchant, understanding what goes on in the mind of your acquirer is essential for building strong partnerships and optimising your payment processes. Let’s explore the key factors to consider when it comes to travel payments.

In the fast-paced world of recurring payments, ensuring a seamless and hassle-free experience for your customers is paramount to the success of your business. However, managing card details for recurring payments can be a daunting task, especially when customers' card information changes or payment agreements are cancelled without notice.

As the holiday shopping season approaches, Black Friday remains a pivotal event for online retailers in the UK. This annual shopping extravaganza not only marks the beginning of the festive shopping season but also serves as a litmus test for the e-commerce landscape. With a staggering £9 billion spent during Black Friday 2023 alone, it’s evident that the stakes are high for businesses looking to maximise their sales during this critical period.

In the dynamic landscape of payment options, recurring payments stand out as a streamlined and hassle-free choice that not only reduces costs but also strengthens consumer relationships. While some smaller businesses may have hesitated to offer recurring payments in the past, Axcess is here to prove that it's no longer an issue.