- Paysafe Ltd PSFE globally launched its safeguarding solution for the travel industry.
- The new solution eliminated the need for travel operators that accept payments from consumers to offer cash collateral to their acquirer to offset the risk of non-delivery of services.
- Instead, consumer payments are held by a third party and released immediately and in full to the travel business upon accomplishment of the terms agreed by the company and Paysafe.
- Price action: PSFE shares traded lower by 3.32% at $10.78 in the premarket session on the last check Thursday.
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