Bibit Global Payment Services, the leader in providing international payment services, announced that it has been selected by Expedia, Inc. to process all merchant payment transactions conducted through the online travel company’s international web sites.
“A highly reliable payment processing solution, addressing local payment needs in each region, is essential for our international operations,” said Tom Sullivan, E-Commerce Risk Manager for Expedia(R). “The functionality provided by Bibit allows us to accept multiple domestic payment methods in various currencies, including the Euro.”
Expedia, Inc. (Nasdaq:EXPE) operates the Expedia.com(R) online travel service in the United States with localized versions for travellers in Canada, Germany, the United Kingdom, France, Italy and the Netherlands. The partnership with Bibit offers Expedia an identical payment component/solution for each non-U.S. operation.
“By standardizing on one payment service for its entire non-U.S. merchant operations, Expedia will benefit from streamlined reporting and reconciliation procedures across multiple business units,” said Joost Schuijff, CEO of Bibit.
Bibit Global Payment Services ([www.bibit.com]) is one of the world’s leading Payment Service Providers. Bibit specializes in processing payments, originating from various channels, over an Internet infrastructure. The company provides a multi-lingual, end-to-end Payment Service that combines 60 multi-currency and international payment methods into a single digital solution. Bibit’s extensive international client list includes multi-channel retailers, as well as pure web shops, call centers, and physical points-of-sale. Customers include Dell Computer Corporation, The Financial Times, Canon, and Fleurop Interflora. Bibit is a privately held company.
About Expedia, Inc.
Expedia, Inc. (Nasdaq:EXPE) operates Expedia.com(R), an independent leading on-line travel service in the United States, with localized versions in Europe and Canada. To help travelers travel right, Expedia.com provides a wide variety of travel products and services, such as Expedia(R) Special Rate hotels and vacation rentals with the guaranteed lowest prices. Expedia’s quality and leadership are recognized by several awards, including, Yahoo! Internet Life’s “Best Overall Travel Site,” one of Mobile Computing & Communications’ “Best Mobile Web Sites of 2001,” both PC Magazine’s “Readers’ Choice” and “Editors’ Choice” Awards, Forbes’ “Favorite General Travel Site,” and Smart Business’ MVP Award. Expedia is ranked the seventh largest travel agency in the U.S. according to Travel Weekly Magazine.