WOODBRIDGE, Conn., June 1, 2011 /PRNewswire/ -- eGlobalfares, LLC announced today that it signed an agreement with Western Union Business Solutions, a division of Western Union (NYSE: WU), a leader in global payments, to launch a new online global payment solution for the international travel market called "Payment Gateway". eGlobalfares also named Western Union Business Solutions as its exclusive foreign exchange (FX) payment provider to assist eGlobalfares clients secure competitive currency rates when purchasing airline tickets in markets around the world."Keeping track of all the costs accompanying a transaction is often very challenging when purchasing airline tickets in foreign currencies," said Dave Rifkin, President/CEO of eGlobalfares. "With the new "Payment Gateway" service, we can now provide our clients with the advantage of knowing, during the booking process, what a ticket price is going to cost them in their local currency and they no longer need to wait for a bank or another entity to provide a quote after the purchase is completed. By partnering with Western Union Business Solutions, our clients have the full confidence of knowing that a globally recognized and respected company is the backbone of these global transactions."
The new "Payment Gateway" service was jointly developed by Western Union Business Solutions and eGlobalfares to give travel clients the ability to pay for airline tickets online from their bank account in their local currency using local wire, ACH or Direct Debit; and to secure guaranteed foreign currency rates in real time. The new automated system makes it easier and faster for our clients around the world by simplifying the process of purchasing tickets when different currencies exist between buyers and seller. With "Payment Gateway", eGlobalfares clients can instantly; view, reserve and manage global buying options; and lock in the exact currency rate with the click of a button and speed up transaction times, reduce bank fees, and know the exact cost of every airline ticket transaction.
"Payment Gateway" is now available to eGlobalfares clients in countries where Western Union Business Solutions currently offers online FX payment services including the United States, Canada, the United Kingdom, Germany, Italy, France, Singapore, New Zealand and Australia, as well as other countries that eGlobalfares and Western Union Business Solutions offer payment services. For more information, please visit www.eglobalfares.com or contact Dave Rifkin at 1-203-397-5361.
SOURCE eGlobalfares, LLC
