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Pegasus Solutions has reached an agreement with corporate travel and expense management consultancy FCm Travel Solutions to
provide a direct deposit banking facility for Australia and New Zealand travel agencies using Pegasus Commission Processing services.
As a result, not only will Pegasus reduce agent waits for payments from two weeks to next-day, but will also greatly diminish the carbon
footprint of payments by eliminating check printing and delivery. The arrangement also reduces or eliminates fees and potential for errors.
“Time is money for our agents, which means the more time-efficient and cost-effective we can make commission payments, the better,” said
Stephen O’Dwyer, Corporate Implementation Leader of FCm Travel
Solutions. “By combining Pegasus’ direct credit payment system and weekly electronic transaction file, we’ve taken better to ‘best’. As we
receive both the transaction file and funds credited to our bank every Wednesday, we can confidently allocate resources each Thursday
with no guesswork about timing or reliability of the mail, and fewer bank fees for multiple deposits or currency exchanges.”
“Given the sheer volume of commissions we process with FCm each month, this is truly a breakthrough in terms of ease of use and
improved efficiency for the client and the environment,” said Mark S.
Dubrow, Pegasus president of financial services. “This facility will allow agents in Australia and New Zealand using
Pegasus Commission Processing to receive commissions more quickly, with greater reliability and minimal damage to the environment.”
Pegasus Commission Processing streamlines commission payments for hotels and suppliers, and facilitates collections for travel agents,
processing more than $500 million in commissions each year.
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