The Council of Australian Tour Operators (CATO) and TravelPay are partnering to launch a bank account supplier payments solution to provide secure EFT payments following the closure of the eNett EFT payment system.
‘TravelPay B2B in partnership with CATO’ will enable travel agents to make secure bank account payments to suppliers and wholesalers. In a move that closes a pending gap from the closure of the eNett EFT payment system, this launch provides service continuity for agents and suppliers.
Brett Jardine, Managing Director, CATO said, “CATO is delighted to work together with TravelPay to quickly bring this solution to market. Our members and travel agents have enough to deal with in the current COVID environment, so we’re pleased to be able to remove the concerns they had about facilitating secure EFT payments.”
TravelPay B2B will be launched alongside TravelPay’s popular consumer-to-agent payment solution that is utilised by over 1,000 travel agencies. TravelPay B2B is available to all agents and suppliers and will enable agents to easily process online bank account payments to suppliers with secure portals for agents and suppliers.
Andrea Slark, CEO of Zenith Payments which owns TravelPay added, “Within hours of hearing of the impending closure, we were inundated by calls from suppliers and agents asking if we could help, so we are thrilled to be able to expand our services to make supplier payments easy, secure and cost effective. Our team is working hard to launch TravelPay B2B and we have received positive feedback about this, not just from our existing TravelPay agents, but also from other agents and suppliers who are keen to come onboard.”
James O’Donnell, Finance Director at The Travel Corporation, added, “This is fantastic news for suppliers like us as we were concerned there would be a gap in the market. We are pleased that CATO and TravelPay could quickly work together to bring this much needed solution to the industry.”
Suppliers and agents can now register their interest to use ‘TravelPay B2B in partnership with CATO’ on travelpay.com.au and the service will launch in August to ensure service continuity. Further details will be announced shortly.