ABTOT, the Association of Bonded Travel Organisers Trust, has announced the launch of its new ?ABTOT Combined? total protection service and industry-first merchant services facility.
The association has partnered with the CAA to provide financial protection for both flight-inclusive and non-flight travel packages for its members, making it the only association to offer total protection via a combined ATOL Protection Contribution (APC) and bonding scheme, allowing organisers to be fully compliant via a single trade body.
It is also launching a low-cost, competitive card payment facility allowing ABTOT to take on some of the responsibilities of the merchant acquirer.
The merchant service facility will ensure all claims are met by ABTOT in case of member collapse or failure.
