At the ABTA Convention 2024 and the ABTA Law Seminar earlier in the year, the team at ABTA gave a thorough run through on the progress being made on ATOL reform to date. From the update, there’s a direction of travel being pursued - and they’re focusing on the ATOL Protection Contribution (APC) Levy.

When Open Banking first hit the scene, there was a lot of buzz about how exciting this could be in travel - gone would be the days of your card processing fees - absolute game changer in an industry with average payment values of over £1000. At Felloh, we strongly believed this too, our very first version of our product allowed travel merchants to create payment links and customers to pay via Open Banking, what a winner!

After a rollercoaster 2 years, the travel sector is looking cautiously hopeful towards the future. But how do we ensure that the pains of 2020 - 2021 aren't repeated if (when) the next crisis hits. It's time we learn from the past, starting with the problem the payments.