It's a universal goal for most companies, particularly airlines, to cut costs and maximise profits. In organisations large enough to have them, this responsibility lies with the Chief Financial Officer (CFO).
As customers increasingly rely on digital payments for flights, with transactions happening 24/7 across a global marketplace, payment processing has become more complex for airline merchants. This growing complexity has made CFOs even more crucial, as they oversee these payments to ensure the financial growth of their airline is both healthy and sustainable. But how can CFOs effectively manage these payments?
This is where Payment Orchestration Platforms (POPs) come into play. POPs offer CFOs a solution to manage and reconcile payments made from various sources worldwide, all while ensuring a seamless payment experience for customers. In this article, we will explore how a POP can help CFOs optimise their airline. We'll delve into how Payment Orchestration reduces costs, offers cross-border advantages, saves time on operational expenses, and improves fraud management by flagging potentially fraudulent payments before they're processed.
