Pegasus, Net Trans Extend Commission Processing Pact

Pegasus Solutions, Inc. and Net Trans Services AS have extended an agreement to maximize the commissions travel agents receive from thousands of hotels worldwide. Pegasus and Net Trans extended for three years the partnership begun in November 2006 to help agents increase income, cut costs and streamline processes.

Net Trans, which collects hotel commissions on behalf of travel agencies and booking professionals, and Pegasus, which pays commissions for more than 35,000 hotels and most major hotel chains, have created an electronic bridge for commission payment and processing.

This has allowed the two companies to provide agents with less work via the automated process, faster payment with single electronic transfers, better data via payment consolidation for reconciliation, and ultimately, lower costs as fewer payment transactions have translated to lower costs.

By continuing for another three years, the two companies have dedicated to maximize agent incomes in a challenging time for the industry, according to Mark Dubrow, president of financial services for Pegasus Solutions.