Shifting the norm on how OTAs work with card data

Online travel agencies (OTAs) are navigating a complex and fluid environment in the travel industry, where multiple parties and systems interact, often requiring OTAs to handle card data, which carries significant compliance implications. Historically, OTAs managed raw card information as a necessity for payment processing and supplier transactions, but advancements in technology, such as Evervault, are shifting this norm. Evervault enables OTAs to securely collect, transform, and route card data without directly handling it, thus reducing compliance scope and risk. This is achieved through the use of secure UI components, encryption, and relay systems, which also allow for seamless payment flows and integration with various suppliers and payment service providers. The travel industry's reliance on legacy systems like EDIFACT and the more modern New Distribution Capability (NDC) presents challenges, but OTAs benefit from integrating both systems to optimize transactions and manage multiparty payments more efficiently. With Evervault's solutions, OTAs can maintain control over encrypted card data while streamlining processes, minimizing compliance burdens, and enhancing security, providing a modern approach to handling payments in the travel sector.