News from Travel Technology Update: Sabre and Amadeus revealed details of their new joint venture that aims to provide an industry solution for secure, automated payment processing, clearing and reconciliation of non-air travel components. The joint venture received antitrust approval from the European Commission on Sept. 12. Called Moneydirect, the solution is based on an Amadeus product launched in Australia and New Zealand in 1998. It will focus on hotels, cruise lines, tour operators, ...

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