NTL Business (Travel Division), the travel industry`s leading provider of integrated selling and communications solutions, announces that it has processed over å£10 million in agency transactions through the Central Advantage Payment System (CAPS) since the system was launched by the Advantage Travel Centres consortium to its members in April 2003.
Since it went live on 1 April, over 520 Advantage agents (over 75% of the consortium`s leisure membership) have adopted the system, which enables Advantage members to settle accounts with operators electronically through a single payment and view balances. CAPS was endorsed by Advantage members at the consortium`s recent conference in Cyprus, with agents making positive reference to the administrative and financial benefits it affords.
(Travel Division) is market leader in payment solutions for the travel industry, having created ABTA`s Single Payment Scheme (SPS), Travel Agents Independent Payment System (TIPS) for the Travel Trust Association and independent agencies, and ACAS for the Worldchoice consortium. The company`s payment solutions are used by over 4000 agencies across the UK.
Roger Smith, Advantage`s President commented: “Advantage members have seen a successful transition to CAPS from previous systems and are now enjoying the benefits of reduced administration and streamlined accounting on a daily basis. NTL Business (Travel Division) has proved a successful partner on this project, and with more suppliers joining the system all the time, we are confident that an increasing number of Advantage agents will soon harness CAPS.”
Jill Cox, NTL Business` Head of Marketing, Travel said: “We are delighted to have extended our provision of industry clearing systems to include Advantage and are pleased at the rate of adoption across the consortium`s agents. This deal confirms NTL Business (Travel Division)`s position as the leading player in the payment solutions market.”
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