actuary.aero partners with Mastercard to Strengthen Travel Risk Management
April 14, 2022
T&E Risk Monitor enables acquirers to better assess financial exposure in the travel and tourism sector
Actuary, part of Perseuss Group, today announced a collaboration with Mastercard 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 expertise to launch the T&E Risk Monitor. The solution increases visibility across travel booking and B2B payment flows through interactive dashboards, enabling customers to run reports and create alerts.
Providing a trusted source of secure booking and payment-related data, the interactive platform enables acquirers to make data-driven risk decisions, offering greater confidence when releasing funds and onboarding new travel portfolios. Travel merchants benefit from automation and transparency in reporting and risk levels, while enhanced visibility supports improved cashflow and liquidity across the travel ecosystem.
Executive Commentary
Maarten Alleman, CEO of Perseuss Group, said: "Already pre-pandemic, card acquirers’ credit risk conditions posed significant challenges for airlines and other travel merchants. This has been further intensified by unprecedented booking cancellations, widespread voucher usage, and operational refund complexities. Together with Mastercard, we aim to leverage our combined capabilities to restore balance between demand and supply in airline and travel acquiring services."
Chris Fendley, Executive Vice President – Enterprise Partnerships at Mastercard, added: "Mastercard is scaling innovation to help the travel and tourism industry recover and grow. Our collaboration with Actuary reinforces our commitment to helping organizations mitigate financial risk during periods of volatility. Through the T&E Risk Monitor, we are increasing visibility and assurance, enabling acquirers to make informed decisions and supporting improved cashflow for travel merchants."
Media Contacts
Paul van Alfen – [email protected]
Louise Peace – [email protected]
The T&E Risk Monitor is available to acquiring entities globally. For more information, contact [email protected].
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