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.
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, 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.