Air Express have today launched a deposit system for their customers that want to book online with the flexibility usually only reserved for direct customer bookings.
With the austerity that the country is currently experiencing, Air Express made the decision to offer their on line customers the ability to confirm their flights, hotels and holidays with payment of just a deposit.
Jon Matthews, the online business manager at Air Express, said “Deposits aren’t something new, but very few companies offer this facility to online users. We are looking to expand our already vast customer base, and felt that offering the ability to book with just a deposit would introduce us to a much greater market. We have already discounted our pricing online and felt that adding a deposit system would help our customers afford the holiday they’ve always dreamed of.”
There are increasing calls for the use of open banking APIs from industry groups and even the UK Treasury. It is clear that this market shift is inevitable, but while this openness will facilitate innovation and drive competition, there is uncertainty.
The European Banking Authority (EBA) has published the long-awaited draft of the Regulatory Technical Standards (RTS) covering Secure Customer Authentication (SCA) and secure communication. Tom Hay, head of payments at Icon Solutions shares his thoughts on whether they will be effective.
In another big deal for the global payments industry this week, credit card firm Visa has inked a partnership with digital payments processor PayPal.
The five fintech startups joining credit card company’s Capital One’s new fintech accelerator in Nottingham have been named, including Credit Kudos, Multisense, Pariti, Warwick Analytics and WealRo.