Banking Contracts Location Travel Agent 
AltexSoft Travel
NOVEMBER 24, 2021
Some states and countries force travel agencies to acquire additional permits and buy security bonds or bank guarantees to make air and non-air bookings. In the US, four states have their unique Seller of Travel (SOT) Laws and licensing — namely, California, Florida, Washington, and Hawaii. Signing a contract.
AltexSoft Travel
JULY 14, 2022
Tour operators are travel companies that devise itineraries, create corresponding multi-component tour packages, sell them to travel agents or travelers, and make sure everything goes well from the start to the end of the trip, having full responsibility to the traveler. Connectivity in the travel industry.
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AltexSoft Travel
FEBRUARY 20, 2020
These include airline designator code for reservation, ticketing, scheduling, and documentation; a prefix code to classify passengers and cargo; a baggage tag issuer code to simplify baggage handling; and location code for easier package handling. The full accreditation also means that the agent follows standard ethics and behavioral codes.
AltexSoft Travel
NOVEMBER 25, 2019
One of the ways to get a diverse inventory portfolio is to partner with a bed bank. What is a bed bank? A bed bank (also called a wholesaler ) is a B2B company that purchases rooms from accommodation providers in a bulk at a discounted, static price for specific dates and sells them to OTAs, travel agents, airlines, or tour operators.
AltexSoft Travel
NOVEMBER 6, 2020
With the help of the channel manager that we discuss below, it distributes the hotel information to various sales channels, such as GDSs , OTAs , independent travel agents, and its own website, synchronizes reservations, and processes transactions. Besides, thousands of OTAs and travel agents work with the GDS database.
AltexSoft Travel
MAY 30, 2023
Travel business and PCI DSS compliance levels In 2017, the International Air Transportation Association (IATA) officially supported the initiative declaring that their internal electronic system — Billing and Settlement Plan (BSP) — is compliant with PCI DSS. How to fight financial fraud with machine learning.
AltexSoft Travel
FEBRUARY 15, 2022
Text expansion and contraction. Here’s a helpful table on text expansion and contraction. Travel content suppliers: GIATA, ATPCO, and others. Static, or descriptive content is the one that doesn’t change often, such as location details, amenities, policies, services descriptions, and so on. Source: Eriksen.
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