ConnexPay
ConnexPay is transforming how travel companies accept cards and pay for travel to save millions of dollars in fees.
Bob Kaufman, founder and CEO at ConnexPay.
ConnexPay clients integrate into a single solution for both accepting cards and requesting payments to travel providers.
Proprietary and patentpending technology saves clients millions of dollars each year and provides state-of-the-art fraud protection.
The solution simplifies reconciliation, frees up cash flow, does not require prepayment or a credit line, and provides significant revenue in rebates.
Travel agencies often experience high cost and operational challenges managing payments primarily because banks and payment processors view them as high risk.
In fact, travel agencies are categorized in the same risk category as gambling, escort services and tobacco shops.
Through its platform, ConnexPay eliminates this risk issue by tightly integrating the ability to accept a card from a traveler with the ability to pay the travel provider, saving clients millions of dollars.
ConnexPay won the Award For Travel Innovation (Startup Category) at The Phocuswright Conference 2018.
Here is ConnexPay's pitch...
And further analysis in the PhocusWire studio.
PhocusWire @ Phocuswright 2018 - ConnexPay pitch analysis