Club Travel previously used a combination of credit card and Electronic Funds Transfer (EFT) to make supplier payments. EFT was costly and slow, with payments difficult to track and reconcile, and transfer fees added to the cost of sale. Physical credit card payments left the company vulnerable to fraud, and required time consuming manual entry and reconciliation. Club Travel chose eNett VANs to help it lower the cost of supplier payments by streamlining the payments process.
An eNett VAN is a unique 16-digit MasterCard number generated for each individual payment – providing a low cost and secure alternative to physical card and funds transfer. VANs were integrated into Club Travel’s multi-currency back office system via eNett’s API, allowing Club Travel to make VAN payments directly within the GDS. This streamlines the process and eliminates the time wasted processing payments manually. Automated reconciliation provided additional efficiency gains, and combined with the rebate on every transaction1, significantly reduced the cost of payments.
Club Travel Executive Account Manager, Collin Austen, said, “With ever increasing fees and transaction costs, we wanted to get more value out of our supplier payments. Switching to VANs instantly gave us more security, efficiency and transparency in our payments. The efficiency savings by themselves make it the most cost effective method of payment for us. And unlike loyalty schemes that give rewards dependent on meeting certain rules and criteria, the benefits and rewards available through VANs are guaranteed.”
eNett offers local funding and settlement in ZAR which enables Club Travel to pay different types of local suppliers using VANs, as well as connecting it to any travel supplier on the MasterCard online network.
eNett Managing Director and CEO, Anthony Hynes, said, “Lowering the cost of payments is increasingly a key priority for today’s global travel companies. Automation for processing and reconciling payments is an easy way to gain efficiency benefits. VANs integrate with all the leading booking and accounts platforms, enabling payments through the workflow for streamlined payments. We are pleased to be supporting Club Travel in achieving cost and efficiency savings, and providing the best value to its customers.”
1. eNett VAN terms and conditions apply.
About eNett International
We pioneer innovative B2B payment solutions that reduce risk and facilitate even more travel content, at a lower cost. Easily integrated into existing travel booking workflows, our payment solutions deliver financial, data and efficiency rewards for travel agents and industry suppliers.
Our secure Virtual Account Numbers (VANs) enable travel agencies of all sizes to automatically generate a unique MasterCard number and pay their suppliers from directly within their booking flow. And our exclusive, long-term partnership with MasterCard provides access to the world’s fastest payments processing network and 35.9 million payment locations worldwide, wherever a supplier accepts MasterCard online.
We are majority owned by Travelport, which is listed on the New York Stock Exchange, and our VANs are seamlessly integrated into its Travel Commerce Platform.
Further strengthened by our global banking services partner and shareholder Optal, eNett is building a reputation for trusted and practical B2B payment solutions for the travel industry and beyond.
About Club Travel
Club Travel, established in 1987, is a Level One Contributor, is owned by the Thebe Tourism Group (TTG), the first black empowerment group formed in South Africa. This award-winning travel agency is represented by more than 200 independent travel consultants (ITCs), 11 branded ITCs, 68 affiliates, 6 branded franchises and eight corporate and leisure owned branches
and call 0860 555 777 or (021) 427 1900 for details of your nearest branch. Follow on Twitter @ClubTravelSA or like the Facebook/ClubTravelSA fan page.