FinMont, a global payment orchestration platform, partners with Chargebacks911 to enhance its payment ecosystem, providing travel merchants with comprehensive chargeback management, data analysis, increased profits, and revenue protection.
Facts
- Global payment platform FinMont joins forces with chargeback management leader Chargebacks911 to boost FinMont’s unique global payment ecosystem for travel merchants.
- FinMont, founded by Hahn Air’s creators, offers a distinct solution by streamlining both B2C and B2B payments, aiming to identify and improve payment process inefficiencies.
- Chargebacks911 specializes in comprehensive chargeback management, utilizing data-driven technology to counter post-transactional fraud and support over 2.5 million merchants globally.
- The travel industry conducts nearly 3 billion airline payment transactions annually, costing over $20 billion due to payment complexities, as highlighted by McKinsey and IATA reports.
- FinMont aims to revolutionize payments by connecting multiple banks and providers, enhance payment authorization and conversion rates, and offering a complete payment ecosystem for travel.
- The partnership integrates acquiring banks, payment, fraud, forex, and chargeback providers, providing a comprehensive solution to defend against chargebacks.
- Suby Valluri, CEO of FinMont, emphasizes the incorporation of Chargebacks911’s solution to provide superior service and address post-transactional fraud challenges.
- Pel Faquiryan, Chief Growth Officer at Chargebacks911, highlights the collaboration’s benefit for travel merchants, offering prevention of chargebacks, fraud insights, and revenue protection.
