Sabre, Amadeus aim to form joint venture for payment program

08/9/2007 | BusinessTravelNews.com

Amadeus and Sabre Holdings are seeking approval from the European Commission to create a joint venture to streamline the payment process for non-air segments, including hotel, rail and rental car. "The intent of the joint venture is to establish an industry-standard solution to improve and better meet the requirements of the travel industry with payment efficiencies, increased automation, and improved interoperability," the GDSs said in a statement.

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