News

HitchHiker and Ypsilon.net Enhance Payment Security with eNett VANs

HitchHiker and Ypsilon.net Enhance Payment Security with eNett VANs

HitchHiker, the travel software company based in Frankfurt am Main, Germany, has improved its flight booking engines and ticket automation solution by offering seamless supplier payments through eNett Virtual Account Numbers. Meanwhile, Ypsilon.net is integrating eNett VANs to provide secure supplier payments for online travel agencies. eNett Logo

 

HitchHiker

To provide the most efficient and secure way of supplier payments to its users in more than 50 countries worldwide, HitchHiker has teamed up with eNett International, a global provider of dedicated payment solutions for the travel industry.

The eNett Payments Platform automatically generates a unique 16-digit MasterCard VAN for each payment transaction or booking. As long as a supplier accepts MasterCard, it will accept a VAN. Under the MasterCard guarantee, VANs reduce the risk of supplier default (e.g. bankruptcy of an airline) and fraud.

In addition to increased security, VAN payments cut time and save money for all parties involved in processing supplier payments. Each VAN transaction is automatically reconciled in real time, by matching each booking with its corresponding virtual card number. Detailed reports can also be generated, providing transparency for each payment.

Ypsilon.net

Ypsilon.net, one of the world’s largest end-to-end IT solutions specialists for the travel industry, is integrating eNett VANs to provide secure supplier payments for online travel agencies.

“Our partnership with eNett provides our clients enhanced payment security, no matter in which country they are located,” said Patrick Coulomb, Ypsilon’s Vice President of Sales & Marketing. “VANs are now seamlessly integrated into the Ypsilon Internet Booking Engine resulting in fully automated, secure supplier payments and 100% data reconciliation.”

Anthony Hynes, eNett Managing Director and Chief Executive, said: “I am pleased that eNett is providing a leading payment solution for Ypsilon’s clients, particularly when fraud and supplier default remain the top concerns of agencies globally.

“The demand for VANs is driven by an industry need for increased payment security. VANs reduce risk by matching unique MasterCard numbers to specific bookings. In addition, payment parameters such as value, currency, date and merchant, provide control over how each VAN is used.”

VANs are accepted across MasterCard’s network of 35.9 million locations worldwide, wherever a travel supplier accepts MasterCard. Under the MasterCard guarantee, VANs reduce agency risk from supplier default and fraud.

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

Aer Lingus was the Most Punctual Airline in the EMEA region in January

Michael FloodFebruary 18, 2019

Book Canadian Getaways with Air Transat and Get Cash Vouchers

Neil SteedmanFebruary 18, 2019

International Tourist Arrivals at 1.4Bn Two Years Ahead of Forecasts – UNWTO

Michael FloodFebruary 18, 2019

Travellers Use Hotel Loyalty Programmes to Get Instant Perks and Rewards

Neil SteedmanFebruary 18, 2019

Romantic Destinations from TUI Ireland

Michael FloodFebruary 15, 2019

Topflight Adds Cork and Belfast to Sorrento Programme

Neil SteedmanFebruary 15, 2019

Hainan Airlines is Looking for an Account Manager

Michael FloodFebruary 15, 2019

Silversea Introduces Zero Single Supplement on 14 Voyages

Michael FloodFebruary 15, 2019

Irish Ferries Invests €4 Million in Ulysses Upgrade

Michael FloodFebruary 14, 2019

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