April 17th, 2014 by Elma Jane
Issuers participating in the MasterCard Rewards Platform can pursue greater engagement and value in their programs through a partnership MasterCard is announcing today with Points International Ltd. The companies say they struck the deal to take advantage of the popularity of travel and related experiences. Under the agreement, participating issuers can let their cardholders to exchange and trade earned airline miles, hotel points and loyalty currencies.
Travel happens to be one of the most popular redemption options for points on most programs today. So this is really about enabling consumers to get even more choice with regard to getting some redemption options.
Issuers individually will roll out the program later this year based on their own schedules. Any of the hundreds of banks that use the MasterCard Rewards Platform are eligible to participate. Participation is voluntary.
Enhanced flexibility in cardholder reward redemptions was a key driver behind the initiative, what this partnership allows to do is enable all customers that have points that they’ve gained from spending on their credit cards or debit cards to then exchange those points into a miles program or a hotel program that they tend to always have a lot of other points accumulated already.
Variable Exchange Rates
Cardholders will be provided with a conversation ratio applicable to the pair of rewards being exchanged. Ratios will differ by redemption transaction. Consumers also may choose to transfer small buckets of rewards points into one program and the rest in other programs. They can do transfers multiple times and across multiple rewards providers.
Posted in Best Practices for Merchants, Credit card Processing, Gift & Loyalty Card Processing, Travel Agency Agents Tagged with: airline, airline miles, banks, cardholder, credit cards, debit cards, hotel, loyalty, MasterCard, platform, programs, reward, rewards, transaction, transfers, travel, travel related
September 26th, 2013 by Elma Jane
Asta‘s Global Convention held in Miami FL, September 16-19, 2013 with National Transaction Corporation’s President, Mr. Mark Fravel in the Guest List.
ASTA American Society of Travel Agents and Agencies
With ASTA’s Global Convention held last September 16-19, 2013 in Miami Florida, National Transaction Corporation accessed to a powerful and inspirational collection of unrivalled 36 speakers including…Hilary Rodham Clinton, Former Secretary of State and Former U.S. Senator from New York. With high quality travel industry content and peer-to-peer networking opportunities, National Transaction Corporation’s Business has moved forward through these thought provoking sessions, breakouts and networking events.
Headed by NTC’s President, Mr. Mark Fravel, together with his Account Executives; Chelsie Fravel, Megan Fravel and Richard Delos Santos, they actively attended all the sessions that are involved in the Convention. National Transaction Corporation handed out around 300 Business Cards with Micro Screen Cleaner as part of their promotional giveaways in their very own NTC booth.
With the opportunity for over 1,400 ASTA CEOs, Presidents and Agency Owners that has come together with leading travel suppliers, the Convention influenced critical issues of our day. Engaged in instructive and new media technologies that impact our industry and shared innovative ideas with like-minded professionals. NTC a Credit Card/Electronic Payment Processing Merchant Account Services get to meet key people for Sabre, a Global Distribution System which products and services enable agencies to streamline accounting processes, build a powerful marketing database, and send targeted marketing pieces with measurable results. With the convention GUEST LIST which includes NTC and other Business Agencies and Companies like Car Rental, Cruise, Hotel, Insurance, Marketing Magazine, Travel, and a lot more are the individuals in which you want to meet and build your organization’s future.
With the ASTA Global Convention, it unites members and travel industry professionals to create a conference for the most influential buyers in the industry. As the leading advocate for travel agents, the travel industry and the traveling public, ASTA and its members represent 80% of all travel sold by travel agencies in the United States.
The ASTA Global Convention is reaching new heights through innovative education, captivating luminaries and diverse networking opportunities. ASTA continues to promote travel around the globe and to remind the traveling public of the value of professional services provided by travel agents and tour operators.
Posted in Travel Agency Agents Tagged with: agencies, agency, agent, airline, ASTA, car rental, clinton, credit card, cruise, hillary, hotel, Mark Fravel, merchant account, National Transaction Corporation, Processing, travel
