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ABTOT chooses Trust Payments to be its new payments partner

By Joy Dumasia

June 28, 2022

  • ABTOT
  • Europe
  • FinTech
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Trust PaymentsThe Association of Bonded Travel Organisers Trust (ABTOT) has selected Trust Payments, the disruptive leader in frictionless payments and value-added services for merchants, as its newest payments platform provider across its membership base.

As a partner to ABTOT, members will now have access to the full range of Trust Payments’ Converged Commerce offerings, including online payment solutions from its dedicated payments gateway, acquiring services, multicurrency solutions and fraud screening.

ABTOT provides a flexible, personal and efficient process to help travel merchants guarantee the safety of customer funds in accordance with UK regulations. The partnership will protect travel merchants from risk with Trust Payments’ fully compliant offering ensuring consumer funds are fully protected from company insolvency risks with existing agreements. 

The partnership comes amid a post-pandemic surge in travel that has caused staff shortages and further disruption leading to significant delays and cancellations. Pressure on the travel industry to return to normal as the world has opened back up has meant insurance and risk mitigation are essential for consumer trust and business longevity.  

Trust Payments’ Head of Direct Sales, Craig Brightly, said: “By recommending Trust Payments to its members, ABTOT have ensured that their membership will be in prime position to have a payments platform that is built to put customers first, offers dedicated 24/7 support and has fast onboarding times all designed to keep travel merchants thriving at all times and protect them from risks that are inherent to the travel sector.”

“We’re delighted that ABTOT have named us as a payments partner. With the travel industry expanding rapidly following a difficult two years, our Converged Commerce offerings will be key to helping support an industry with our leading, reliable, knowledgeable, and customer-focused solutions that are built to make commerce easy.” 

ABTOT Managing Director, Richard Watson, commented: “The timing of this partnership couldn’t be better, as we have also recently introduced new insurance capacity into the market, supporting our existing membership base and allowing us to continue to develop and expand it. ABTOT offers the full range of services for its specialist travel organiser members, with licensable and non-licensable cover under its ATOL Franchise, merchant acquiring risk mitigation and direct access to expert underwriters, associates and brokers all under the umbrella of a BEIS-approved body. We are excited to be working with Trust Payments and can see the benefits this will bring to our members, which is always paramount in our aims.”

IBS Intelligence recently reported that Certegy, an ACH payments and risk management company, announced a new collaboration with Trust Payments, the disruptive leader in FinTech specializing in frictionless commerce and value-added services, that will bring Certegy’s white label Buy Now, Pay Later (BNPL) and BankPay offerings together with Trust Payments’ eCommerce and payment solutions to their combined merchants across the US.

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