<i>15 November 2002</i>
<P><font color=blue>DALLAS and LONDON</font> - Pegasus Solutions, Inc. is extending its commission and merchant payment processing services beyond the hotel industry.
<P>For the first time, Pegasus will begin processing travel agency commission payments from car, cruise and rail suppliers, tour operators, non-ARC affiliated airlines, and other travel-related suppliers.
<P>This 2003 service expansion will also apply to PegsPay, Pegasus' new net rates payment service, allowing merchant travel distributors, such as discount websites, tour operators, onward distributors, and wholesalers, an opportunity to process streamlined payments for all travel suppliers.
<P>Among a host of accompanying technology upgrades, Pegasus intends to web-enable three key components of its payment processing services, allowing agencies, merchants and suppliers to go online to:
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<LI>send reservation and payment information in industry-standard formats using proven data migration techniques;
<LI>access critical, analytical commission processing and supplier relations information; and
<LI>monitor reconciliation and tracking of commission and net rate payments for suppliers, merchants, and agencies.
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<P>Pegasus customers can now choose their own payment schedule through a flexible, newly-configured payment process.
<P>This announcement comes shortly after Pegasus introduced PegsPaySM, an ASP-based net payment processing service for travel businesses that operate under a merchant business model.
<P>For the commission payment process, Pegasus collects complete travel booking information related to reservations made by travel agents and travel Web sites that are members of Pegasus Commission Processing (formerly HCC). Pegasus then combines all participating supplier information and commission payments, and sends a consolidated report and payment to each member.
<P>Pegasus Commission Processing agency members may receive payments by check or electronic transfers in their preferred currency. Electronic or printed statements are available with details by brand and by suppliers. Agency reports also include information on non-revenue stays, covering items such as client no-shows or travellers who altered their original travel plans.