When it comes to assessing, mitigating and monitoring credit risk for airlines, Worldpay has a longtrack record going back to the last century. How did they deal with the recent insolvency of their customer Flybe? What was the sequence of events? How did they leverage Actuary to protect themselves against any losses?
Panel: introducing the Actuary Customer Advisory Board
The early adopters of Actuary have joined the Customer Advisory Board to help the travel payments ecosystem with the challenges faced by payment providers when dealing with deferred delivery merchants like airlines and travel agencies.
Mastercard has adopted Actuary as their (scheme agnostic) T&E Risk Monitor, in order to support both acquirers and merchants in addressing deferred delivery risk. How does Mastercard as a card scheme balance the needs of all 4 parties involved?
Assessing an Airline’s financial situation and outlook is a complicated task requiring an in-depth understanding for their business model but also macro-economic factors. Both Ishka and Tiralis have specialized in advising banks, lease companies and acquirers on this topic.
Panel: Travel Intermediary background and use case
Monitoring Credit Risk for OTA’s requires a significant different approach, compared to direct sales. An introduction to B2B payments and the impact on the OTA as retailer / Merchant of Record.
Panel: Customer Protection and Acquirer Credit Risk mitigation
The role of the merchant/acquirer collateral and the options currently available in the market. How do customer protection schemes like ATOL in the UK operate and how does this help acquirers and merchants?