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A clearing house is an intermediary that facilitates the settlement of financial transactions between parties, ensuring funds are transferred accurately.
Clearing Houses in Travel Payments
In the travel industry, clearing houses play a critical role in reconciling payments between travel agencies, suppliers, and banks.
Challenges with Clearing Houses
Delays in the clearing process can lead to cash flow issues for travel companies, impacting their ability to pay suppliers and partners promptly.
Key Takeaways
- Facilitates settlement of transactions.
- Critical for payment reconciliation.
- Delays can impact cash flow.
How Felloh can Help with Clearing Houses
Felloh works with clearing houses to streamline transaction settlements, ensuring timely payments and improved cash flow management for travel businesses.
