September 23rd, 2024
LeveragingT&E Risk Monitor the collaboration empowers Truevo to unlock cashflow, mitigate exposure, and negotiate better terms with their travel merchants
Monday 23 September – Truevo, a leading payment service provider, today announced a collaboration with Mastercard and actuary.aero to provide Truevo with transaction level visibility through enhanced data insights fortheir travel merchant customers.
Leveraging T&E Risk Monitor, a digitalplatform that combines secure and permissioned payment, booking and service data to provide greater end-to-end visibility into merchant payments, Truevo will now more confidently be able to manage and release funds and negotiate collateral conditions through data driven insights.
The solution bridges the gap between merchants and their acquiring bank, providing a single source of truth on riskexposure so that the partners can proactively engage to keep commerce flowing, supporting merchant liquidity, and helping to secure the future health of the travel ecosystem.
Lewis Clark, VP & Head of Sales,Truevo, comments: "We are committed to providing our customers with the tools they need to succeed, and the T&ERisk Monitor will help them to boost growth and minimise risk. The collaboration is a win-win for the entire payment industry, and benefits stakeholders across the travel ecosystem, who can now operate with greater transparency and confidence, ultimately contributing to a more flexible and resilient market.”
Chiara Quaia, Senior Vice President,Travel Industries, Mastercard said: “The travelindustry is dynamic and fast paced by nature, so the technologies and processes that travel organizations rely on must not only keep up and support but accelerate commercial relationships. Mastercard is advancing an ecosystem of trust, strengthening connections across the travel payments value chain, and co-creating payment solutions that increase security, visibility and control,while driving sustainable growth – ultimately ensuring that payment solutionscontinue to power the travel economy.”
Building on a long-term relationship with Mastercard to scale industry reach and impact of the T&E Risk Monitor, actuary.aero integrates transaction data from acquirers and booking data from merchants tooffer unparalleled visibility and control over risk exposure.
Livia Vite, CCO Of actuary.aero comments: "At actuary.aero, we are passionate about the powerof data-driven insights. By embedding our analytics into the T&E RiskMonitor, the platform is designed to not only manage risk but alsounlock new opportunities for growth and operational efficiency. Thecollaboration scales the solution across Truevo’s customers, and marks asignificant step toward in fostering a more transparent and resilient paymentecosystem for all stakeholders."
The solution will enable Truevo’s customersto benefit from actuary.aero’s advanced data analytics, including daily updateson risk exposure, customised payout solutions, and enhanced chargeback management.
About Truevo:
Truevo is a multinational payment serviceprovider committed to delivering fast, secure, and seamless payment solutionsfor businesses worldwide. We empower merchants by offering a wide range ofpayment methods, including credit and debit cards, as well as alternativepayment options, to help drive growth and customer satisfaction.
Our dedicated team works closely with clients to streamline the payment process, ensuringreliable and efficient transactions that meet the evolving needs of the digital economy.
Press contact:
Dominic Russell
marketing@truevo.com
About Actuary:
Actuary.aero provides mutual visibility ofshared payment data and risk exposure via a secure communication platformbetween deferred delivery merchants, acquirers, schemes and other financialproviders.
Our AI powered dashboards transform existing payment data intoactionable insights, empowering merchants, and financial providers’ treasury,risk, and customer teams to make decisions on credit risk management, sales andtreasury that grow their business.
An independent and trusted 3rd partyprovider, actuary.aero has over 15 years of experience handling data, payments,and working with deferred delivery merchants in the travel and ecommercesectors.
April 14, 2022
T&E Risk Monitor solution enables acquirers to more accurately assess financial exposure when dealing with travel merchants
Actuary, part of Perseuss Group, today announced a collaboration with Mastercard set to better support acquiring entities across the travel sector with a data-led risk assessment tool. After a successful pilot, the T&E Risk Monitor is being scaled by Actuary in partnership with Mastercard to provide a real-time view of booking status across travel portfolios, increasing acquirer confidence when releasing funds to delayed delivery merchants (DDM).
DDM transactions involve a time delay between when a consumer pays for a reservation and when they board a plane or stay at a hotel. To address the financial exposure acquiring entities experience due to this delay, Actuary is leveraging its travel insights platform and Mastercard’s global travel industry partnerships and experience to launch the T&E Risk Monitor. The solution increases visibility across travel booking and B2B payment flows through interactive dashboards from which customers can run reports and create alerts.
Providing a trusted source of secure booking and payment related data, the interactive platform enables acquirers to make data-led risk decisions, providing greater peace of mind when releasing funds and taking on new travel portfolios. Benefitting the whole ecosystem, travel merchants benefit from automation and transparency over reporting and risk levels, whilst the enhanced visibility supports greater cashflow and liquidity across the travel sector.
Maarten Alleman, CEO of Perseuss Group, said: "Already pre-pandemic, the card acquirers' credit risk conditions were in many cases a major challenge for airlines and other travel merchants. This has been exacerbated by the unprecedented levels of booking cancelations and changes, large scale use of vouchers and operational issues around refunding. Together with Mastercard, we aim to leverage our combined capabilities to restore the much-needed balance between demand and supply in airline and travel acquiring services.”
Commenting on the collaboration Chris Fendley, Executive Vice President – Enterprise Partnerships at Mastercard, said “Mastercard is scaling innovation to help the travel and tourism industry recover and grow, and our relationship with Actuary furthers our commitment to help organizations mitigate financial risk during times of heightened volatility. Through the T&E Risk Monitor, we are bringing together the travel payment industry to increase visibility and assurance, helping acquirers make data-led decisions and enhancing cashflow for travel merchants.”
Media contacts:
Paul van Alfen, paul@actuary.aero
Louise Peace, louise.peace@mastercard.com
The T&E Risk Monitor is available to acquiring entities across all regions, those interested in leveraging the solution should contact radu.jibotean@mastercard.com
About Actuary:
Actuary, part of Perseuss Group, is a fintech company that provides the most accurate, timely and complete risk exposure insights for all stakeholders in the card payment ecosystem.
Actuary provides the actuary.aero platform, which is a highly secured communication platform for open transaction and voucher reporting between travel and other deferred delivery merchants and acquirers. We enhance existing travel data to support acquirer risk and pay-out management, helping our partners to make better decisions in their (credit)risk management, sales and treasury activities. We are the trusted 3rd party providing transparent risk reports to acquirers and merchants, and have 12+years experience in the field of data handling, payments and travel.
Actuary's vision is to enhance trust and transparency in the Deferred Delivery Merchants Payment Ecosystem.
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