PAYNOVA’S PAYMENT SOLUTION ADAPTED FOR TRAVEL COMPANIES
Paynova’s secure payment solution for the Internet has been further developed and adapted for a booking system for air, rail and other travel services. For Paynova, this opens up a global market with large transaction volumes. The launch has been initiated both in Sweden and internationally.
The solution provides benefits for both travel companies and their customers. Immediately and with no investment costs they gain a foundation for accounting, booking, discount and bonus systems etc. Public transport companies must also have a booking and ticket administration system that can be managed simply, quickly, and securely.
“In addition to the fact that travel companies can reduce their administration costs, our payment solution helps them to reach more customers,” says CEO Pelle Hjortblad. “Travellers who don’t have a credit card, such as students, and who can’t therefore buy things online, have the opportunity to do so through the Paynova Wallet. Paynova’s solution also deals with local variations in different countries, thus giving international travel companies a larger customer base.
For the solution to be developed it was important for the payments to be simple to implement without the traveller needing to provide unnecessary extra information. This also means that just opening a Paynova Wallet has been made considerably easier, and this happens immediately when the payment is made. The solution is independent of the country to which the payments are being made and where the customer actually is.
Paynova’s payment solution can also be used by other international companies with large online transaction volumes with similar requirements to those of travel companies.
For further information. please contact:
Pelle Hjortblad, CEO Paynova AB
Phone: +46 (0)8-517 100 07 Mobile: +46 (0)701-810 110
Email: pelle.hjortblad@paynova.com
Mats Jonnerhag, PR and information, Paynova AB
Cell: +46 (0) 708-754 920
Email: mats.jonnerhag@paynova.com
About Paynova
Paynova AB, listed on NGM Equity on 26 February 2004, is a company specialising in secure online payments. The Paynova Wallet is a digital wallet for digital transactions that can handle amounts from 5 pence and up. The digital wallet enables the customer to manage and control purchases limiting his/her personal credit card or eBanking information to only one counterpart. The Paynova Wallet is easy to acquire and use, and simple for the merchant to install. More than 20 000 banks worldwide accept the Paynova solution for VISA and MasterCard payments. Since its launch in 2001, Paynova AB has signed agreements with more than 500 companies and organisations that now offer the Paynova Wallet as a payment option on their websites. Pelle Hjortblad is the CEO of Paynova. The full Paynova share prospectus can be found at www.paynova.com