Abacus International is working with Visa to
enable Abacus-connected travel agents to develop new corporate
client relationships and a more efficient method of managing their
Through a centrally-billed ‘virtual account’
called Visa Central Travel Account, companies enjoy greater
billing flexibility, and spend visibility through Visa reports
that feature enhanced data which is provided by Abacus-connected
The Visa Central Travel Account will give
Abacus-connected travel agencies better prospects of being
nominated as a designated corporate travel agency by companies
that use the Visa Central Travel Account.
Abacus International Vice-President Marketing,
Brett Henry said, “This product is designed specifically to meet
the business needs of both travel agents and corporate travellers.
The value for Abacus-connected travel agencies is that their
businesses can enjoy improved cash flow through faster revenue
turnaround as they may be paid up to 90% faster by merchant
“In some markets, travel agents can recover
their revenues charged to the Visa Central Travel Account within
three working days instead of the traditional 30 days credit cycle
that is associated with the manual processing of cash and cheques.
With Billing and Settlement Plan (BSP) payment terms shortened to
between one and seven days, travel agents in this program will be
able to better meet their payment obligations.”
In addition, with Abacus PowerSuite being
certified to generate enhanced data in Visa’s required format,
Abacus-connected travel agencies do not have to go through the
certification process with Visa individually, making it a
hassle-free process for them to provide enhanced data that is
compliant with the Visa-required format. For added convenience,
any updates to the Visa Global Travel Agent specifications will be
incorporated into the program by Abacus.
other recent news regarding: