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Commission Processing

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Presentation on theme: "Commission Processing"— Presentation transcript:

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2 Commission Processing
Onyx Payments Commission Processing 11/9/2018

3 Meeting Agenda Introductions Onyx Payments Overview Summary/Wrap-up
Our History Non-Member and Member Agencies Processes Supplemental Services Summary/Wrap-up 11/9/2018

4 Onyx Payments Overview
11/9/2018

5 Onyx Payments History 11/9/2018

6 Onyx Payments Fast Facts
Leading market position – serves the largest 6 of the top 10 agents and hotels brands Serves all segments of the travel market – Supply and Demand Global footprint with extensive banking relationships Highly customizable technology with proven 20+ year track record Strong brand awareness High customer retention rates – greater than 95% Supports financial and non-financial transactions Facilitates over $500 million in commissions annually 40,000 Participating Hotels 60,000 Member Travel Distributors Supports 29 currencies Conducts business in 200 countries Process 100 million+ transactions annually Billing or Invoices Services Marketing fees Incentives GDS fees Pay for Performance 11/9/2018

7 Diverse Customer Base More than 60,000 of the world’s travel agencies
More than 40,000 global properties More than 60,000 of the world’s travel agencies Accor Hospitality Best Western International Carlson Hospitality Commune Hotels Extended Stay Fairmont Hotels and Resorts Intercontinental Hotel Group Kimpton Hotel & Restaurant Group Malmaison Mandarin Oriental Marriott International Omni Hotels and Resorts Wyndham Hotel Group American Express Travel Boeing Travel Management Booking Service International BTI Central Europe Expedia FCM – Flight Centre Hotel.de Hotelguides.com Orbitz Worldwide Ovation Corporate Travel Pro Travel Inc. Roomkey.com Travelocity 11/9/2018

8 Hierarchy of Needs Pyramid
11/9/2018

9 Network Without a Payment Provider
11/9/2018

10 Member Agencies 11/9/2018

11 Agent Commission Processing
Accounts Receivable Management Consolidation of IATAs 40,000+ hotels in a single payment Electronic payment in single currency of your choice Electronic details with all transactions Non-commissions, cancellations, no-shows Online Customer Service Payment tracking Inquiry chasing resolution Customer Support Account Management 11/9/2018

12 Weekly Process Initiated within 48 hours of final funds receipt
Agencies who do not subscribe to our Membership have a significant amount of uncleared payments 11/9/2018

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