GLOSSARY
Channel Manager (CM)
Tool that syncs availability, pricing, and inventory across sales channels.
A channel manager distributes rates and availability to OTAs and sales channels, reducing overbookings and manual updates.
Channel managers like our CM platform often connect to PMS or RMS to keep inventory, restrictions, and pricing in sync across channels. They push and pull data on rates, stop-sells, allotments, and derived pricing.
Robust setups include two-way sync, channel-specific rules (length of stay, packages), and monitoring for failed updates. Good CM performance lowers overbooking risk, aligns parity across channels, and feeds accurate pickup data back to forecasting tools.
Related
Related terms.
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Acquirer
Bank or payment institution that signs merchants and routes their card transactions into the card networks.
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API (Application Programming Interface)
A set of rules and protocols that allows different software applications to communicate with each other.
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Apple Pay
Mobile wallet by Apple that tokenizes cards for contactless and in-app payments.
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BaaS (Banking as a Service)
A model where licensed banks expose banking capabilities to other companies via APIs, letting them embed accounts, cards, or payments.