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Paysafe, Shelby Financial partner to streamline US airline payments
Payments platform Paysafe has inked a partnership with Pennsylvania-based Shelby Financial Corporation to f strengthen its ‘safeguarding’ acquiring solution for US airline ticket payments.
Paysafe in July rolled out its safeguarding trust model for airline tickets payments and has already been adopted by various European carriers.
Paysafe launched the solution in the US. last month through a partnership with ARC, the Virginia-based provider of settlement services for travel agency airline transactions.
Paysafe’s new partnership with Shelby Financial, whose escrow services are compliant with US Department of Transportation requirements, consolidates the safeguarding model’s availability for US airlines.
Now, when a US airline partner of ARC or standalone carrier integrates with Paysafe, Shelby Financial will safeguard travelers’ ticket payments in a trust until pre-agreed terms are met and funds are then released in full to the airline.
Shelby Financial will also leverage its customized technology to oversee data validation, including detailed flight information, resulting in a simplified solution.
Paulette Rowe, CEO of the Integrated and Ecommerce Division (IES) at Paysafe, said: "The partnership with Shelby Financial further solidifies our commitment to driving payments innovation in the US airline space by limiting financial risk for both passengers and merchants.."
Shelby Financial’s risk mitigation expertise will complement Paysafe’s ability to allow airlines to offer travelers an extended choice of payment methods for direct sales.
These include online credit or debit card payments, Paysafe’s eCash solution, and more than 100 other alternative payment methods.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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