The Wire...from AirPlus for October: Credit Card Dynamics

AirPlus International, a global provider of corporate travel payment solutions, releases The Wire…from AirPlus October 2009 edition titled: Credit card dynamics. Around 60% of the corporate travel professionals polled report to have only a general knowledge of credit card economics, while 22% claim minimal knowledge, and just a slim 17% profess to be an expert. As surcharging of credit card fees become a growing reality around the world, it’s important for travel professionals to have real understanding of the commercial dynamics behind credit card fees. For more details, including a complimentary PDF of the results, please visit the AirPlus Community.

“As a leading corporate payment solution, the lack of understanding of the basic economics of our business is concerning,” said Richard Crum, President of AirPlus International, Inc. “We fully expect there to be dramatic changes in how card costs are shared by all parties in the value chain and are preparing for this new reality. It is vital that corporate travel managers and TMC’s are as well.”

The Wire…from AirPlus is a monthly report on the pulse of the industry and its relevant topics. Results of this edition are based on a survey of 142 travel management professionals in North America and Europe in September 2009.

AirPlus International provides savings to over 32,000 customers worldwide through a suite of business travel payment solutions which include central bill accounts, corporate cards and online management tools. AirPlus is travel agency neutral, the leading issuer of UATP worldwide and the preferred partner of various airlines such as Air China, British Airways (NYSE:BAB), Continental Airlines (NYSE:CAL), Luxair, Lufthansa German Airlines, Austrian Airlines, Swiss International Air Lines, TAP Portugal and Singapore Airlines. For more information, please visit www.airplus.com, contribute to our community at www.airpluscommunity.com, follow us at www.twitter.com/AirPlus, and become a fan at www.facebook.com/airplusinternational.