A virtual card solution is being made available to agents, travel management companies and corporations across Europe by EasyJet and Travelport joint venture eNett.
eNett introduces virtual card solution
A virtual card solution is being made available to agents, travel management companies and corporations across Europe by easyJet and Travelport joint venture eNett.
The eNett Virtual Account Numbers (VANs) claim to offer Iata and non-Iata travel companies a more secure and effective means of payment to the airline and all other travel suppliers.
The provider of specialist payment solutions already provides VANs in multiple currencies to many leading travel companies globally.
Agents signing up through the easyJet channel will receive 0.40% revenue on every payment. This will help reduce payment fees for bookings and provide new revenue when agents book the budget carrier’s Flexi fares. Agents will also be able to reconcile payments and invoices in real-time.
Accepted through the MasterCard network, the solution guarantees all payments, eliminating credit card risk including card misuse.
Agents make bookings on easyJet.com or in the GDS and the eNett payments platform generates a unique Virtual Account Number for each booking.
The VAN details are automatically updated in the booking and can be produced in a variety of currencies including euros, sterling and US dollars.
Agents will also receive accounts payable reconciliation and reporting.
Anthony Hynes, eNett International chief executive and managing director, said: “Our VANs provide enhanced revenue and enriched data for agents as well as improved cost control and reduced risk.”
EasyJet sales, distribution and business director Andrew Hodges said: “We know how difficult it can be for TMCs and corporates to reconcile bookings to payments which is one of the reasons why we chose eNett.
“Combined with process efficiencies from a fully downloadable tool that is integrated with easyJet.com and available on all major GDS, eNett’s VANs will make payments processing easier and more cost effective for us and the trade.”
