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Your email address will not be published.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 *


NEIL STEEDMAN has been a trade journalist, copywriter, editor and proofreader for 50 years, and News & Features Editor for ‘Irish Travel Trade News’ for the past 40 years.

More in News

25th Irish Travel Trade Awards Winners

It’s Awards Time – Don’t Forget Your Business Cards!

Neil SteedmanNovember 23, 2017

PATA Decides to Expand UK Chapter to Include Ireland

Michael FloodNovember 23, 2017
Taktsang Monastery Featured Image

Wonders of Bhutan: Thimphu, Haa Valley and Taktsang Monastery

Neil SteedmanNovember 23, 2017
Iberia Express Cork-Madrid

Iberia Express Expands Cork-Madrid Route for Summer 2018

Neil SteedmanNovember 23, 2017
Cobalt Aircraft

Cobalt Air Announces Year-Round Flights from Dublin to Cyprus

Neil SteedmanNovember 23, 2017

Aer Lingus Black Friday Fare Offers Have Arrived

Neil SteedmanNovember 23, 2017
Emirates Thales Next-Generation IFEC

Emirates Partners with Thales for Next-Generation Broadband Connectivity

Neil SteedmanNovember 23, 2017

Galway Hosts Successful Worldchoice Conference 2017

Michael FloodNovember 21, 2017
Aer Lingus Seattle

Aer Lingus Announces New 
Direct Route to Seattle

Neil SteedmanNovember 21, 2017

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