News

eNett Joins Travel Technology Segment at ITB Berlin

eNett Joins Travel Technology Segment at ITB Berlin

The uptake in Virtual Account Number (VAN) use in the travel industry is driving efficiencies in travel payments. Anant Patel, eNett Managing Director Sales, EMEA, said at ITB Berlin’s Travel Technology Segment, which continues to expand each year and is expected to host about 110,000 trade visitors: “We are looking forward to reaching out to more travel businesses, helping them solve their key payment challenges through our innovative eNett VAN product.” eNett Logo

eNett International is a Travelport joint venture and a global provider of specialist payment solutions for the travel industry. At Travelport’s e-volve 2014 conference held in Monaco in January, a live poll found that 88% of travel retailers were familiar with VANs, with 75% indicating their support to adopt VANs in the next 12 months.

“These figures are indicative of the growth we are experiencing with eNett VANs,” said Anant Patel, referring to the PhoCusWright’s Payments Unsettled Report published last year, which cited automated integration with global distribution systems (GDS) as one of the key reasons for VAN adoption.

“Our eNett Payments Platform seamlessly links agency booking data to unique MasterCard numbers. We listened to the insights uncovered in the research and as a result we have deployed eNett VANs across Travelport’s agency desktops, automating payment processing and simplifying reconciliation.”

In an industry faced with a manual payments and reconciliation cost of US$1.5 billion a year, eNett VANs can help an agency transacting US$25 million, on average, to free up a part-time resource usually allocated to manage these laborious tasks.

Travel companies looking to take advantage of the cost savings of using eNett VANs will be pleased to know that they have the opportunity to earn a rebate on every transaction that uses a VAN to pay when using the eNett VANs to pay their suppliers.

Click to add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

NEIL STEEDMAN has been a trade journalist, copywriter, editor and proofreader for 52 years, and News & Features Editor for ‘Irish Travel Trade News’ for the past 42 years.

More in News

New Air France Business Lounge at Paris-CDG

Neil SteedmanJuly 17, 2018

Great Value Travel Deals – 17th July 2018

Sarah SlatteryJuly 17, 2018

CAR Issues Ceased to Trade Notice Re Premier Irish Golf Tours

Neil SteedmanJuly 17, 2018

Jason Kearns Joins Qatar Airways as Sales Executive

Neil SteedmanJuly 17, 2018

Amadeus Achieves IATA Level 3 NDC Certification as an Aggregator

Neil SteedmanJuly 17, 2018

daa Appoints Ray Hernan as ARI Chief Executive

Neil SteedmanJuly 17, 2018

LAX Pilots ‘AskLAX’ Kiosks in Two Terminals

Neil SteedmanJuly 17, 2018

New Record for Dublin Airport in June

Michael FloodJuly 17, 2018

7.3m Chinese to Read About the Island of Ireland

Michael FloodJuly 17, 2018

Copyright © 2016 Belgrave Group Limited, C4 Nutgrove Office Park, Nutgrove Avenue, Rathfarnham, Dublin 14, Ireland