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🚀 💸 Event Payments: How Open Banking Improves Security, Speed and Guest Satisfaction For hotels, hosting events like weddings and conferences goes beyond providing a venue. It involves orchestrating a symphony of services while ensuring every transaction is as smooth as the occasion itself. Delayed payments and manual handling of sensitive information can disrupt operations and impact guest satisfaction. Donal McGuinness, CEO at Prommt, explores how open banking offers hotels significant cost savings, convenience and flexibility in his latest op-ed for Irish Tech News - "With smart payment orchestration controls, hotels can set rules to automatically choose the best payment method – card or bank – based on factors like value, location or transaction type. This strategy helps hotels save on transaction fees and operational costs by giving a really high conversion rate. It eliminates card fees and minimises the risks of chargebacks, fraud and data breaches, making it an ideal solution for large events, conferences and weddings." Discover how open banking is transforming event payments for the better: https://lnkd.in/evbcevs2 #sendaprommt #paybybank #openbanking #hotels #payments

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