GraspPAY for Online Booking Tools - A Year of Success

The GraspPAY virtual payment solution for Online Booking Tools garners unparalleled success in its first year

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Jul 17, 2017, 11:47 ET

SAN DIEGO, July 17, 2017 /PRNewswire/ -- Grasp Technologies, the leader in travel data management, visualization and consolidation, is seeing tremendous growth and adoption of its GraspPAY virtual payment solution and Online Booking Tool integration that officially launched last July. The product was the first to market that integrates with booking tools in the travel industry and now has a proven track record of success.

"The product updates we have made throughout the year have been driven by the amount of online bookings going through our system on a daily basis," says Mike Duffy, Head of Virtual Payments for Grasp. "One year later, we've increased the number of bookings 2,700 to one, increasing the overall growth of the GraspPAY solution to 1,100 percent year-over-year."

The rapid adoption of GraspPAY Online Booking Tool integration was very organic as the majority of transactions are mandated to be made through booking tools. In addition, Grasp differs from industry standards with an uninterrupted integration that doesn't add in costs. According to Dave M. Lukas, VP and CSO for Grasp, "Many of our client companies did not even have to communicate a change to virtual card. That's how seamless GraspPAY integrates."

In one year, the touchless software product has taken off with agencies. GraspPAY requires no programming, no change or interaction with a mid-office system, no scripting and no additional support for OBTs. In 2017, Grasp has added additional booking integration with three of the most active and existing tools, and a handful more on deck.

To learn more about GraspPAY, visit www.grasptech.com.

About Grasp Technologies
Grasp Technologies helps clients navigate constantly changing business environments by providing the right combination of custom and standardized data management solutions and support. Grasp was founded in 1996 and works extensively in the travel industry and other ancillary industries worldwide. Grasp has offices in San Diego, California and Columbus, Ohio.

SOURCE Grasp Technologies