Onyx CenterSource Launches Contactless Virtual Card Solutions

USA, Dallas, Texas. August 04, 2020

Onyx CenterSource, a leading global provider of B2B payments and business intelligence to the hospitality industry, today announced the launch of virtual credit card payment solutions to its hospitality and travel clients worldwide.

Virtual credit card payments allow sensitive data to remain anonymous and secure when payments are made. In addition to enhanced security, this payment method also allows for increased control over the transaction and streamlined, contactless payment.

"Virtual credit card payments are increasingly popular for their security and ease of use," said Mark Dubrow, Onyx CenterSource CEO. "At Onyx, we've been monitoring virtual credit card capabilities closely. Offering these as an alternative form of payment to our clients, in lieu of paper checks, will have benefits across the board, particularly as the hospitality industry recovers from the effects of COVID-19."

In addition to enhanced data security, virtual credit cards offer users dynamic payment rules that verify the accuracy of the charged amounts, providing increased control over accounts payable, he said. "Travel agencies receiving virtual credit card payments will benefit from increased processing speeds and contactless payment. These elements are of heightened importance as the hospitality and travel industries continue to recover from the pandemic."

Virtual credit card payments are automated on behalf of hotel clients and sent electronically to travel agencies, which makes the entire payment process automated and contactless, according to Brian Clubb, Onyx CenterSource senior vice president of product and marketing.

"While we all adjust to the new normal, we're happy to offer an alternative to paper check payments for our many clients that have pivoted to a remote work environment," he said.

To learn more about virtual credit card payments and how they can support B2B payments, contact Onyx CenterSource at https://www.onyxcentersource.com/get-started/.


Tags: #fintech, #contactless, #payments, #agents

About Onyx CenterSource

Media Contact:

Richard Roberts
Principal
RDR PR LLC
T: 717-903-0015
E: rich@rdrpr.com
W: http://www.rdrpr.com

Subscribe to our newsletter
for more Hotel Newswire articles

Related News

Choose a Social Network!

The social network you are looking for is not available.

Close
Coming up in October 2020...

Revenue Management: Maximizing Profit

Hotel Revenue Management continues to evolve at a blistering pace. Driven by technological innovation and new distribution channels, there are some dynamic opportunities for expansion in this fast-growing field. The technology is primarily designed to help revenue managers further refine their operations and pricing models to maximize hotel profit. For example, hotels can't be all things to all people, so a key strategy is to precisely identify their target audience. By employing geo-targeting techniques and analyzing behavior such as previous bookings, on-property purchases and online shopping practices, there is an increased capability to define guest demographics. By segmenting customers in more specific ways, hotels are able to create more personalized experiences which, in turn, allow managers to optimize their room rates. It is also an effective way to fulfill the unique needs and preferences of the individual. Another methodology is to consistently monitor the competition's pricing strategies. There are software tools that analyze a competitor's current rates, and then allow a hotel to make its own pricing adjustments. It is also a useful means to conduct forecasting models. Other technologies that are being integrated into a revenue manager's toolkit include Artificial Intelligence in the form of automated algorithms, and Voice Recognition (VR) for data inquiries, rate changes, and booking behavior. Predictive and analytic software programs are also being leveraged to provide more forward-looking data, instead of the usual reliance on historical performance. These metrics allow managers to be more proactive - rather than reactive - with their revenue strategy. The October issue of the Hotel Business Review will examine these developments and report on how some leading hotels are executing their revenue management strategies.