Avinode Group, founder of the world’s leading B2B online marketplace for business air charter, has announced the launch of PayNode – the world’s first end-to-end payment platform for business aviation.
Working exclusively with American Express on its first product, PayNode will allow customers to pay directly for business aviation flights using their credit card, with bank wire transfers to be introduced soon.
Described as a first-of-its-kind payment platform for the industry, PayNode is a substitute for the manual, time-intensive payment process of the past – reducing the average processing time of 30 minutes to 60 seconds. Using a secure, transparent platform, there is a reduced risk of data exposure and the payment process is simplified, which in turn can help charter companies to drive business.
Magnus Henriksson, global business director of PayNode, said, “The payment procedure in business aviation… it’s inefficient, costly and insecure, placing unnecessary strain on brokers and operators’ businesses, as well as giving customers insufficient protection of their payment details.
“PayNode is a solution which overcomes those barriers; anyone can use PayNode and it is free to sign up, so brokers and operators can utilize the platform to save them time, money and risk.”
Gunther Bright, executive vice president of American Express, added, “We are thrilled to partner with Avinode to help transform the way this industry processes payments. PayNode is a great solution for our customers, making business air charter payments seamless for our card members and more efficient for our merchants.”