Travel
Simplify travel payments
Accelerate supplier payouts, optimize cash flow, and mitigate fraud risks with modern payment solutions.
The need
Online travel agencies face challenges in managing real-time payments to hotels, airlines, and car rental companies. Traditional systems often lead to inefficiencies, tying up operating capital and increasing errors and fraud risks.
The solution
Prepaid cards can make funds available for payments in real time as transactions are approved. This reduces the risk of error and fraud while providing visibility into transaction data for a better understanding of customer behavior and more effective rewards programs.
How travel payments work with NymCard
Travel Website
Booking confirmed
The traveler books a trip on the travel website.
NymCard
Virtual card issued
A virtual card is created instantly for the travel supplier.
Travel Supplier
Card charged
The supplier charges the card as they would any Visa or Mastercard.
Travel Supplier
Auth requested
The payment network contacts NymCard for transaction approval.
NymCard
Spend controls
Spend controls ensure funds are used only as intended.
NymCard
Funds released
Funds are released in real time upon approval.
Travel Website
Transaction confirmed
The payment is completed, and the supplier is notified.
Travel Supplier
Notification sent
Webhooks send real-time updates to the travel website .
Why NymCard
Instant supplier payments
Pay suppliers in real-time with virtual cards.
Optimized cash flow
Avoid prefunding cards with real-time funding.
Fraud prevention
Protect transactions with customizable spend controls.
Global coverage
Support cross-border payments with multi-currency capabilities.
Seamless integration
Connect easily with suppliers' existing systems.
Enhanced visibility
Gain detailed insights into transaction data for better financial management.
