eNett Gears for Expansion with Carl-Olav Scheible

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September 10, 2015

SINGAPORE, 10 SEPTEMBER 2015: eNett International, a leading provider of dedicated B2B travel payment solutions, has appointed Carl-Olav Scheible as Chief Commercial Officer effective immediately. Carl is based in the London office, and will focus on driving business development, sales delivery and customer services across the company.
 
Carl brings with him over 20 years of experience in technology, financial services and payments businesses, holding a number of senior executive positions across leading companies. His most recent position was Executive Vice President, Europe, Africa and CIS, at MoneyGram International, a global money transfer and payment services company. Prior to this, Carl spent eight years at PayPal, becoming Vice President and Managing Director of PayPal in the UK.
 
eNett Managing Director and CEO, Anthony Hynes, said, “We’re seeing phenomenal growth as a company, and Carl’s experience will be invaluable as we scale and develop new offerings and services for our customers. We’re in an exciting and dynamic phase of the company’s evolution, and Carl’s role is key to our long-term strategy and goals.”
 
eNett Chief Commercial Officer, Carl-Olav Scheible, said, “I am pleased to be part of such a fast growing and innovative company, that is bringing real disruption to the B2B payments industry. I look forward to contributing to the eNett story, and further expanding its global reach and customer base.”
 
Since launching Virtual Account Numbers (VANs) in 2011, eNett has enjoyed rapid global expansion, becoming a leading player in secure B2B payments. Today, eNett has customers in over 70 countries using VANs to facilitate supplier payments around the world. Its unique business model means eNett offers the benefits of VANs to all travel companies, regardless of size or booking platform used.
 
                           
 
ENDS                          
 
 
 
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.
 

 

For more information please contact:

Tim Masih
Senior Communications Manager
Email: tim.masih@enett.com

More Press Releases

07 November 2016

AXESS and eNett partner to bring Virtual Account Numbers to Japanese travel agents

Singapore & Japan, 4 November: AXESS International Network Inc (AXESS), and eNett International, the leading provider of dedicated B2B travel payment solutions, have today announced a partnership to transform the B2B travel payments landscape in Japan with eNett Virtual Account Numbers (VANs). Agents will be able to make payments from within their booking workflow when integration with AXESS CREA Advance is released1. One of Japan's largest providers of travel distribution products and services, AXESS agents and corporates will now be able to benefit from lower risk and lower cost payments with eNett VANs. Designed to address the payment pain-points of traditional travel payments, an eNett VAN is a unique 16-digit MasterCard number generated for each transaction making it a secure way to pay. And importantly in Japan, where corporate travelers often use personal cards to make payments, VANs enable corporate agents to provide their travellers with a lower risk option that doesn’t rely on personal funding. AXESS Director Yasushi Kubo said, “We are always looking for ways to enhance the experience of agents using our service. Once AXESS CREA Advance is available, VANs will make the entire payments process more efficient, saving agents valuable time that they can spend with their customers. The instant nature of VANs also means agents can take advantage of dynamic rates to offer their customers the best deals. We are pleased to be partnering with eNett to bring this innovation to our customers.” The country’s tourism industry is growing rapidly. 2015 saw Japanese outbound travel reach 16.2 million, the second highest in Asia, after China2. eNett is demonstrating its commitment to bringing innovation in payments to Japan by expanding its operations there and hiring Nobuaki Matsudaira as its dedicated country manager. Nobu brings with him over 15 years of experience in the Hospitality and Travel industry. Prior to joining eNett, Nobu was Key Account Manager at Hotel Reservation Service, responsible for multinational enterprises in Japan. eNett’s Managing Director and CEO, Anthony Hynes, said “Japanese travel and tourism is viewed as a key growth industry for the country. To optimise on the opportunity this presents, agents need to streamline operational processes to focus on growing business. VANs enable agencies to do just that, alleviating the burden of manual payments processing and reconciliation. We look forward to working with AXESS in supporting Japanese agents with their growth plans through cutting edge payments technology. ” The announcement comes in line with AXESS’s plans to offer an enhanced Japanese GDS to meet the demands of Japanese travel agents and travelers. Working in close collaboration with Travelport, the two companies have announced they are rolling out a superior agency desktop, designed specifically for the needs of Japanese travel agents. ENDS1. Planned for release in 20172. Japan National Tourism OrganisationAbout eNett InternationaleNett International simplifies the complexities of payments by connecting travel industry specialism with payments expertise. 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 AXESS International NetworkAXESS is one of Japan's largest providers of travel distribution products and services and offers high levels of quality to its agency users.AXESS covers unique local needs, servicing the travel business model, and has broad market reach. Offering the latest GDS IT, it is committed to providing ongoing support to the airline industry and the travel industry as a whole.

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27 October 2016

eNett International wins Best Online Payments website at the TravelMole APAC awards 2016

eNett International, a leading provider of B2B payment solutions, has been voted Best Travel Payments Solution Provider at the TravelMole APAC awards 2016.Following a preliminary award entry process, eNett’s Virtual Account Number (VAN) payment solution was shortlisted by a special judging panel of industry experts. TravelMole’s readership of 138k travel industry professionals were then asked to vote for the payments provider they thought was best. During the awards ceremony at the Marina Bay Sands hotel Singapore, eNett was announced as the winner, taking the majority of votes.eNett Managing Director and CEO, Anthony Hynes, said, “It’s an honour to win this award, made all the more special by the fact that it’s voted for by travel companies. We developed VANs to provide a fast, safe and easy alternative to traditional payment methods, and bring real benefits to travel companies regardless of size. This award is recognition of that achievement and I look forward to introducing more innovations to bring an ever more frictionless payment experience to our customers and the travel industry as a whole.”TravelMole Publisher, Charles Kao, said, “When it came to putting together a shortlist for travel payments, picking eNett was an easy choice. Its VAN payment solution has brought real innovation to B2B supplier payments, and the whole team should be very proud of this win against the best payments providers in APAC. Our readers are the ones actually using these solutions every day, and the fact that they picked eNett speaks volumes.”   An eNett VAN is an automatically generated MasterCard number used for supplier payments. It delivers reduced risk from fraud and supplier default, while automating payments and reconciliation for tangible efficiency gains which lower the total cost of payment. eNett is uniquely positioned to offer these benefits to all travel companies regardless of size or booking platform used, and seamlessly integrates with all major industry booking tools. Today, VANs can be generated in over 30 currencies, and support transactions in over 100 currencies.The TravelMole Awards is the main award event for the Asia Pacific travel industry to recognise the best web, social, mobile and travel technology deployments. The award ceremony took place at ITB Asia, with 10,000 travel industry professionals, from 110 countries attending.ENDS

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24 October 2016

Österreichische Verkehrsbüro selects eNett Virtual Account Numbers for lower cost, streamlined payments

Travelport Austria and eNett International today announce that Österreichische Verkehrsbüro has selected eNett Virtual Account Numbers for secure, efficient payments. One of the leaders in Austria’s domestic travel industry, Österreichische Verkehrsbüro will now replace physical cards with Virtual Account Numbers (VANs) across its branch network of 118 travel agencies. As the largest chain of leisure and business travel agencies in Austria, Österreichische Verkehrsbüro deals with a high volume of bookings. Finding a lot of agent’s time was being spent on processing and reconciling transactions manually, Österreichische Verkehrsbüro wanted a solution that would automate the payments process, while reducing risk. Working with Travelport Austria, Österreichische Verkehrsbüro selected eNett VANs. An eNett VAN is a unique 16-digit MasterCard number generated for each individual transaction, with user defined payment parameters – providing a low cost and secure alternative to physical card. As VANs seamlessly integrate with all leading GDSs through a simple API, Österreichische Verkehrsbüro’s agents will be able to make payments through the booking workflow, increasing efficiency. Added to the automated reconciliation and rebate on every transaction1, this will generate significant time and cost savings for the company. Helmut Richter, member of the extended management team at Österreichische Verkehrsbüro, said, “As a chain of travel agencies with very high booking traffic, in particular in the sensitive business travel sector, our objective is to remove the risk for us and our customers as much as possible. In addition, we are focussed on increasing efficiency, automating processes wherever possible. Working with Travelport and eNett enables us to meet both those objectives.” With a shared interest in providing a more secure and efficient supplier payment solution, Travelport Austria and eNett have partnered together to bring innovative payment solutions to the Austrian travel market. Österreichische Verkehrsbüro is the first customer resulting from the partnership. “eNett VANs minimise the risk of fraud by eliminating the need for a physical card altogether,” explains Travelport Austria Managing Director Rudolf Mertl. “We are operating in a dynamic market that demands flexible solutions, and by being able to integrate with all GDS platforms, VANs bring new levels of payments efficiency. This saves valuable time and resources which can be better spent growing the business. We look forward to bringing the benefits of VANs to more travel companies in Austria.” eNett Managing Director and CEO Anthony Hynes said, “eNett is dedicated to eliminating the painpoints of B2B supplier payments for travel companies around the world. Partnering with Travelport Austria means we can offer Austrian travel agents an innovative lower cost alternative to outdated traditional payment methods, and make a real difference to their bottom line.” Each VAN is protected under the MasterCard guarantee, which includes sophisticated chargeback capabilities for protection in the event of supplier default. To find out more about VANs and the benefits they can bring to your company contact the Travelport Austria Sales Team for more information. ENDS 1. VANs terms and conditions apply

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07 October 2016

New research unveils Europe’s travel industry shifting to alternative payment methods

Singapore, 6 October 2016: New research carried out by market research firm Phocuswright, co-sponsored by eNett International, reveals support for alternative payment methods have doubled in the past three years1. Virtual card or Virtual Account Numbers (VANs) lead the charge with nearly 70% of travel companies surveyed supporting or planning to support. Compared with just 36% in 20131, this represents a significant shift away from traditional payment methods and an uplift in innovation across the industry. Phocuswright surveyed travel companies across Europe, revealing a travel landscape embracing new payments technology. VANs have firmly established themselves as the number one choice after traditional payment methods, with the research predicting they may even overtake EFT and cheque payments overall in the next few years2. For larger travel companies3 VANs have already overtaken traditional methods, with 71% supporting VANs, compared with EFT (62%) cash (52%) and cheque (42%). And when it comes to paying hotels and accommodation, travel companies, regardless of size, cited VANs as the most popular method of payment (24%), second only to traditional credit cards. However, the research also highlighted that there was still huge opportunity for travel companies to use technology to solve payment pain points and increase efficiency. Over one in four (27%) continue to track payments and commissions manually. Smaller agencies4 spend 12 hours a week on manually processing payments, with larger agencies dedicating at least four staff spending 16 hours a week. With solutions available that seamlessly integrate with booking platforms to automate the process this represents ~€215 million5 unnecessary annual wastage by European agencies. eNett Managing Director and CEO, Anthony Hynes, said, “The research illustrates how advances in payments technologies are causing a significant shift in payment habits. More and more travel companies are realising the cost and efficiency benefits alternative methods can bring, all by simply changing the way you pay. This is just the start of the FinTech revolution in B2B. I am confident that over the coming years we will see a landscape dominated by innovative payment methods, with VANs challenging traditional card payments and providing a frictionless experience for agencies and suppliers alike.” ENDS 1. Findings compared with Phocuswright payments unsettled report, 2013, Western European respondents2. Assumed on-going upwards trend of travel companies’ already supporting or having plans to support virtual cards - 36% in 2013, 70% in 2016 (eNett analysis of research).3. Agencies turning over >10M4. Agencies turning over <10M5. eNett analysis of PhocusWright Payments Unsettled Report 2016 and IATA About eNett InternationaleNett International simplifies the complexities of payments by connecting travel industry specialism with payments expertise.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. MethodologyPhocuswright, the travel industry research authority, carried out surveys and in-depth interviews with more than 250 travel companies across Europe.

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04 October 2016

Ventura SpA. integrates eNett Virtual Account Numbers for streamlined payments

Milan & Singapore, 4 October 2016: Ventura SpA., a leading Italian travel management and services company, has partnered with eNett International to replace traditional card payments with Virtual Account Numbers (VANs). Seamlessly integrated with the GDS, Ventura’s agents can now make payments and bookings through the same workflow, and automate reconciliation. Since implementing VANs, Ventura SpA. has been able to save time and resources equivalent to two full-time employees. Turning over €250 - €350M annually and employing over 320 staff, Ventura SpA. is one of the largest Travel Management and Travel Services provider in Italy. Making thousands of transactions online and via GDSs, Ventura SpA. found a lot of time was being wasted manually processing and reconciling payments. As well as costing time and money, it had led to incidents of credit card misuse. Ventura SpA. wanted a solution that would streamline the process through automation, as well as minimise the risk of fraud. eNett provided a solution with eNett VANs. VANs are 16-digit MasterCard numbers uniquely generated for each transaction, making it a secure way to pay. Using a simple API, VANs were easily integrated with Ventura’s accounts and booking platforms, enabling staff to make GDS bookings and payments from within the same workflow. Ventura SpA. employees can now make multiple bookings and generate VANs for payments without having to leave their desktop. For secure payments through supplier websites, VANs are easily generated through the eNett Payments Platform, and accepted wherever a MasterCard is online. Since using VANs, the business has reported 100% reduction in the incidents of fraud. And together with automated reconciliation, Ventura SpA. is able to save time and resources equal to two full-time employees. Ventura SpA. Chief Finance Officer, Roberto Bettinelli, said, “VANs allowed us to streamline the payments process, automate reconciliation while minimising the risk of fraud making it an easy choice for us. The support team at eNett made the API implementation simple and trouble-free without the need to change our existing systems. Our staff can now use the time saved through automation, servicing our customers and growing our business. And the efficiency savings combined with the rebate on transactions mean moving to VANs has made a positive contribution to our bottom line.”eNett Managing Director and CEO, Anthony Hynes, said, “eNett is dedicated to lowering the cost and complexity of supplier payments, which is a key priority for today’s global travel companies. eNett VANs integrate with all the leading booking and accounts platforms, enabling payments to be made directly within the workflow, resulting in a fully streamlined payment and reconciliation process. We are pleased to be supporting Ventura SpA. in achieving cost and efficiency savings, enabling it to provide the best value to its customers.” eNett will be at TTG Italy 2016, 13-15 October. To find out more about how VANs can benefit your business, come to at eNett’s Virtual Reality stand in the A5 pavilion, aisle 3, stand: 090-09.ENDS

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16 September 2016

Lack of efficiency biggest payment pain point for German travel agents

The poll was carried out by eNett, a leading provider of B2B payment solutions, at last week’s FVW Congress which took place in Essen, Germany. The summit brought together nearly one thousand of the leading travel companies and industry players from across Germany to discuss the latest trends in technology.eNett’s polling showed 60% of the industry saw the time and resource wasted in processing and reconciling supplier payments as the biggest payment concern. This was by far the biggest issue identified, followed by risk of fraud (20%), card and FX fees (11%), and supplier default (9%). Findings also highlighted the interest in alternative methods of payments, with 40% stating that they would be considering Virtual Account Numbers (VANs) as an alternative to traditional card payments and cash.eNett Managing Director and CEO, Anthony Hynes said, “Germany remains the worldwide number one outbound market for international tourism1. Given the size of the market and the high volumes involved, it’s no surprise that the lack of efficiency is a top concern with loss of productivity equating to a significant loss in revenue. VANs streamline the payments process, seamlessly integrating with GDS and accounts platforms and allowing agents to automate the payment and reconciliation processes from within existing booking workflows. Taking the friction out of payments means our customers have more time to focus on their customers.”A VAN is an automatically generated MasterCard number used for supplier payments and can include payment parameters such as amount, currency, date and merchant, making it a more secure way to pay or be paid. Backed by the MasterCard guarantee and generating unique numbers for each transaction, eNett VANs provide protection against fraud and supplier default. Agents can also earn a rebate from the first transaction2 which, added to the time and cost savings, significantly reduces the cost of payments.As a sign of its commitment to the region, eNett also recently hired Torsten Gros as Regional Director for Germany, Austria & Switzerland. Based in Frankfurt, Torsten brings with him over 19 years of experience in the travel industry. He most recently served as Regional Manager for travel and expense management company, KDS. Prior to that, Torsten was Head of Sales for eNett’s major shareholder, Travelport, in Germany.ENDS1. ITB World Travel Trend Report 2015/20162. VANs terms and conditions apply

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06 September 2016

ITP & eNett to bring efficient payments to its TMC network

eNett has partnered with International Travel Partnership (ITP), one of the world’s fastest growing networked alliances of independent Travel Management Companies (TMCs), to expand the use of eNett Virtual Account Numbers (VANs) across its global partner network of 59 TMCs. With supplier payments a time consuming and often manual task, ITP sought a solution that would streamline the process and bring greater efficiency to its TMC partners. Minimising the risk of fraud was also a key objective, with thousands of transactions being carried out daily throughout the network. An eNett VAN is a unique, automatically generated MasterCard number used for supplier payments. VANs integrate with leading accounts and booking platforms allowing agents to pay suppliers from within their booking flow and automating reconciliation - delivering significant cost and time efficiencies. TMCs can also set payment parameters such as merchant type, enabling them to better enforce travel policies as well as guarding from misuse and fraud. VANs also return a rebate on transactions1, adding an income stream to an already low cost of payment.ITP Director of Products and Services, Virginia Palla, said, “We are always looking for innovative solutions that can bring real benefits to our partners. Supplier payments take up a huge amount of time and resource, which can be better spent on customers. VANs provide the perfect solution, automating the process and integrating with existing booking and payment systems allowing our TMCs to make payments within the workflow – saving time and money.”eNett Managing Director and CEO, Anthony Hynes, said, “Our own analysis has shown travel companies could be spending up to €4,500 a week on manual reconciliation and related functions2. As well as cost, there’s the time wasted on processing payments and increased chance of human error. VANs eliminate the need for manual reconciliation altogether, while streamlining the payments process to make transactions simple and easy. I look forward to working with ITP in rolling out VANs across its entire global network.” ENDS 1.eNett VANs terms and conditions apply2.eNett analysis of Phocuswright Payments Unsettled Report 2013

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16 August 2016

eNett shortlisted for two prestigious payment industry awards

eNett International, a leading provider of B2B payment solutions, has been shortlisted in two industry awards: the Payments Awards and the Emerging Payments Awards.eNett has been recognised by the Emerging Payments Awards for creating a bespoke payment solution designed for unique challenges of B2B supplier payments in the travel industry. eNett Virtual Account Numbers (VANs) will be contending the Best Online Payments Solution category, and is the second year in a row eNett has been shortlisted for an award.In recognition of challenging the status quo in B2B travel payments, eNett Managing Director and CEO Anthony Hynes has been shortlisted by the Payments Awards in the Payments Pioneer category. Frustrated by antiquated commercial systems, Anthony has been instrumental in bringing innovations that have become expected from consumer payments into the B2B arena. An original founder of eNett International, Anthony conceived the unique business structure behind eNett, which today can reduce the cost of payment for over 80% of the total global travel spend1.eNett Managing Director and CEO, Anthony Hynes, said, “It’s an honour to be shortlisted by industry experts from two different award organisations. eNett VANs were born out of desire to eliminate complexity, and simplify payments. We continue to evolve our offering, and are committed to bringing the frictionless payments experience currently seen in the consumer space to B2B payments. The nominations are testament to the hard work of the global eNett team, who are already reaching new milestones in 2016.”An eNett VAN is an automatically generated MasterCard number used for supplier payments. It delivers reduced risk from fraud and supplier default, automated payments and reconciliation, and value back through rebates. eNett is uniquely positioned to offer these benefits to all travel companies regardless of size or booking platform used, and seamlessly integrates with all major industry booking tools. Today, VANs can be generated in over 30 currencies, and support transactions in over 100 currencies.The Emerging Payments Awards 2016 will take place on Wednesday 12 October in London, with the Payments Awards taking place on Thursday 20 October. ENDS 1.eNett analysis of global travel spend

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09 August 2016

eNett helps underprivileged Cambodian resident build new career

Singapore, 9 August: eNett International, a leading provider of dedicated B2B payment solutions, sees the first beneficiary of its ‘Repay the eNett Way’ complete sponsored tour guide training in Phnom Penh. Sreng Yongcheng will now become a licenced tour guide and build a new career path for himself in Cambodia’s growing tourist industry, and a more positive future outlook for his family.“I am very thankful to be given this opportunity”, said Sreng. “Being a tour guide is a good job, and the training means I can get a tour guide licence, which will allow me to work as a tour guide in Phnom Penh city and the surrounding areas. It gives me a high level of job security, and provides a good living. It also means I can support my parents, which is important to me as I am responsible for them. Eventually, I hope to start my own travel agency.”Launched earlier this year, ‘Repay the eNett Way’ is designed to support people impacted by greater globalisation and tourism. The initiative aims to draw industry attention to the issues faced by displaced communities in high growth travel destinations, and take a hands-on approach to making a difference to their way of life. Cambodia was the inaugural country selected to benefit from the initiative through its high levels of poverty, despite travel industry growth.eNett CEO and Managing Director, Anthony Hynes, said, “I’m very pleased to see the first stage of our ‘Repay the eNett Way’ programme come to fruition. We wanted to move beyond simply donating funds, to creating something that allows us to make a tangible difference to individuals and communities. I look forward to hearing more updates from Sreng as he embarks on a new career path in the travel industry.”Further initiatives will include a scholarship to a top language school to learn English - a highly sought after skill in the Cambodian tourism industry. There will also be a start-up fund to support the set-up of a community-wide sustainable business. To find out more about ‘Repay the eNett Way’, click here.ENDS

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06 June 2016

eNett shows how payment technology delivers true UX

Singapore, 6 June: eNett International, a leading provider of B2B payment solutions, will be illustrating the importance of connecting front-end systems with back-end payments technology to enhance the experience of today’s digital traveller at the Digital Travel Summit 2016.Recent global research has highlighted the lack of integration between digital processes and traditional business functions1. As a result, only 5% of businesses were able to claim a seamless cross-channel customer experience throughout the purchase lifecycle1. To address this, eNett will be illustrating how its innovative Virtual Account Number (VAN) payments solution can work with front-end and digital technologies to achieve the seamless, interconnected, highly personalised experience that today’s connected travellers demand.eNett’s Managing Director and CEO, Anthony Hynes, said “To achieve true cross-channel customer experience at every touchpoint, digital travel technologies need to be connected with back-end systems as well. We always seek opportunities to provide insight to our customers, and the Digital Travel Summit is the perfect opportunity to showcase how our Virtual Account Number payments capability can contribute to digital transformation in travel.”The sessions will be co-hosted by MTT, mobile and digital travel solutions specialist and fellow Travelport Company, who will be explaining how it enables airlines and travel companies to meet the expectations of today’s ultra-connected traveller with sophisticated apps and digital travel services across smartphone, tablets and wearables. In the plenary session on 7 June, MTT will talk to ‘Enhancing the digital travel experience with real-time, multi-device services’ and eNett will talk to sophisticated ‘back-end supply chain management.’ MTT and eNett will also hold a workshop on ‘Future Digital Travel Opportunities – How to improve the customer experience at key travel moments with innovative mobile services and virtual payments’ later that afternoon.The Digital Travel Summit 2016 will be taking place at the Victoria Park Plaza London, 7-8 June. To learn more about how eNett VANs can bring benefits to the customer journey and to see MTT’s mobile and digital travel solutions with airlines and travel companies worldwide, visit eNett and MTT at stand number five, or contact Jason.Hancock@enett.com and kathrina.gallogly@mttnow.com.ENDS1. The Economist Intelligence Unit, Digital Evolution: Learning from the leaders in digital transformation, 2015. For more information please contact: Tim MasihSenior Communications Manager Email: tim.masih@enett.com

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02 June 2016

eNett Choose Cambodia as First Country to benefit from ‘Repay the eNett way’

Singapore, 1 June: eNett International, a leading provider of dedicated B2B payment solutions, has announced Cambodia as its first country to launch its ‘Repay the eNett Way’ initiative.Tourism is an important part of Cambodia’s economic growth, with contribution to GDP forecasted to rise 6.3% pa from 2015-20251. 2015 saw tourist arrivals increase 6% year-on-year to 4.8 million, and by 2025 tourism is predicted to directly support 16.7% of total employment1. Yet following decades of civil war, Cambodia remains one of the poorest countries in Asia, and benefiting from tourism is out of reach for many of the Phnom Penh residents.In order to address this, eNett will make a difference to the poorer individuals and displaced communities there through a series of grassroots initiatives, facilitated by local non-government organisations. This includes sponsoring a disadvantaged resident to become a qualified tour guide, providing a young student the opportunity to learn English at a world leading international school and identifying and supporting sustainable business and income generation ventures. In early 2017, eNett will take staff volunteers from its global offices out to Phnom Penh to learn more about the culture and take a hands-on approach to giving back to the community there. eNett CEO and Managing Director, Anthony Hynes, said, “Repay the eNett Way is about drawing industry attention to the issues faced by displaced communities, and making a difference to their way of life. Cambodia, with its high travel industry growth but widespread poverty, allows us to achieve those objectives. We look forward to working with our partners and customers in making a real impact in the region, and we welcome others in the industry to join us in giving something back.”eNett’s employees will also be holding various fundraising events to further support the initiative throughout the year. The first event carried out by the global offices saw employees set up a sweet station, generating income through the sale of bags of sweets on International Children’s Day. All proceeds will be added to eNett’s Cambodia fundraising pot. Photos of the event can be found here and to find out more about the ‘Repay the eNett Way’ programme click here.ENDS1. WTTC, Travel and Tourism Economic Impact Cambodia 2015About eNett InternationaleNett International simplifies the complexities of payments by connecting travel industry specialism with payments expertise.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.

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20 May 2016

eNett & Cornerstone Deliver Virtual Card Payment Solution

Singapore, 20 May 2016:Cornerstone Information Systems (CIS), a leading global technology and services provider for travel companies, announced the launch of Cornerstone AutoPay, a new solution that enables travel management companies and corporations to operationalise their use of virtual cards. Cornerstone has partnered with eNett International, a leading provider of dedicated B2B payment solutions, to offer a secure, streamlined payment method that eliminates the errors of manual processing and reconciliation of payments through automation. Cornerstone AutoPay provides end-to-end integration directly from the workflow to trigger the creation of a unique Virtual Account Number (VAN) and to reconcile that within both the booking and the back office data. Cornerstone AutoPay will reduce the risk of fraud while providing protection from supplier default, lowering costs and generating efficiencies, enabling TMC’s to focus on customer service to grow their businesses. Backed by the MasterCard guarantee, eNett VANs generate unique numbers for every transaction and are available in over 30 currencies, facilitating safe and secure payments in 35.9 million locations, wherever a supplier accepts MasterCard online.“We are committed to finding new, innovative products that deliver value to our clients,” states Mat Orrego, CEO of Cornerstone. “Virtual cards optimise financial processes and reduce friction to improve the bottom line. AutoPay offers increased efficiency, security, and control - and because transactions are treated the same way as standard cards, payment is instant. TMC’s can also better enforce travel policies with payments linked to corporate criteria and manage suppliers more effectively. We are proud to be developing and delivering the most comprehensive end-to-end solutions in the market, and optimising our client’s success.”eNett’s Managing Director and CEO, Anthony Hynes, said, “eNett is dedicated to lowering the cost and complexity of supplier payments, making innovative and integrated technology accessible to companies of all sizes. This is why we have partnered with Cornerstone for Cornerstone AutoPay, giving travel management companies a new level of integration for truly seamless supplier payments. We look forward to working with Cornerstone to bring more innovations to address the inefficiencies of B2B travel payments.”Through this partnership with eNett, Cornerstone clients will have access to the expanded capabilities and industry offerings of the combined organisations, delivering upon a consistent theme that is inherent to the Cornerstone brand: placing clients’ needs first, fostering innovation, and driving accelerated results through its global reach and cost-efficient solutions.Cornerstone is an industry pioneer recognised for developing intelligent automation technology and advanced solutions for travelers, companies, and their clients. To learn more and schedule a live demo, visit ciswired.com or call 1 (888) 778-0897.About Cornerstone Information SystemsCornerstone™ Information Systems is a global technology and services provider that has a unique domain knowledge in the travel industry, from how travel is operationalized to how information is managed. With a foundation in automation, we design, build, and deliver technology for travel companies and corporate buyers. We help our partners manage their process and information, to drive better decision making. Cornerstone has a single focus on travel data from the management of the reservation to the creation and presentation of information. The result is higher quality customer service and more nimble operational responsiveness at a lower cost with fewer resources yielding higher profit. We are people-centric, service-focused, and technology driven.Companies managing more than $25 billion in travel spend annually trust Cornerstone to help them proactively lower the costs of travel management and drive revenues through travel optimization. Founded in 1992, Cornerstone Information Systems is a privately held company headquartered in Bloomington, Indiana with customers in more than 50 countries. To learn more, visit ciswired.comUnless indicated otherwise, all trademarks and service marks herein are trademarks of Cornerstone Information Systems Inc. or an affiliate thereof.If you would like more information about this topic, or to arrange an interview with the executive team at Cornerstone, please contact Lauren Wolters at lwolters@ciswired.com">lwolters@ciswired.com or +1 (812) 727-2031.About eNett InternationaleNett International simplifies the complexities of payments by connecting travel industry   specialism with payments expertise.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.

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16 May 2016

eNett calls on travel companies to get real on true cost of payments

Singapore, 16 May: eNett International, a leading provider of dedicated B2B payment solutions, today called on travel companies to reassess their ‘true’ cost of payments. Many businesses continue to calculate the cost of payments based on direct costs such as fees and surcharges. They are unaware that indirect or ‘hidden’ costs also need to be factored in to get a true cost of payments figure – and travel companies are paying more than they need to as a result.The call comes as analysis showed over-reliance on traditional payment methods could mean travel companies are spending thousands of dollars each month on unnecessary manual reconciliation1. And agencies could also be paying up to 3%2 more on their cross-border transactions, through hidden charges and mark-ups from their providers. Calculating the true cost of payments requires travel companies to include the risk of fraud and supplier default, and FX risks and charges representing indirect costs to the business. Added to this is paying on credit and bonding, which become opportunity costs when compared to alternatives. For example, for an agency paying suppliers ~$10 million per annum using traditional payment methods, eNett calculates the costs to be in excess of $300k3 and believes it can recover at least two thirds of this in pure cost savings alone.In order to give travel companies greater clarity on what makes up the true cost of payments, eNett has brought together a dedicated cost of payments microsite. Our assessment of the key individual elements of the total cost of payments is outlined in detail, with an eBook, factsheets, opinion pieces and other content to deliver expert insights. Visitors are also given access to an easy-to-use calculator tool to find out what their true cost of payments are – and how much they could be saving by demanding more from their payments strategy.eNett CEO and Managing Director, Anthony Hynes, said, “Having facilitated tens of billions of dollars in payments across the travel industry, we thought it was about time the true costs of payments were brought to light. Too many travel companies are just accepting costs on face value. Taking the time to understand and perform a deeper analysis of costs, and challenging vendors to provide greater payments clarity on their charges, will provide them with a true view on the real cost of payments.” The dedicated cost of payments microsite can be accessed through the link here. ENDS1. eNett analysis of Phocuswright Payments Unsettled Report 2013, based on an average consultant salary of US$15 per hour.2. eNett analysis of bank fees and charges.3. Calculation by eNett’s Cost of Payments Calculator tool – terms & conditions apply. Calculation based on traditional agency with US$10M payables, 20% of which is subject to FX, making payments today to a range of supplier types by a combination of agency debit and credit cards, customer card pass-through, bank transfers and cheques.About eNett InternationaleNett International simplifies the complexities of payments by connecting travel industry   specialism with payments expertise.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. For more information please contact: Tim MasihSenior Communications Manager Email: tim.masih@enett.com

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10 May 2016

eNett’s Davide Antonioli one of Phocuswright’s 35 under 35

Singapore, 10 May: eNett International, a leading provider of dedicated B2B payment solutions, has today announced that EMEA Sales Manager, Davide Antonioli, has been selected as one of Phocuswright’s 35 Under 35. The accolade recognises the rising stars in the travel industry and encourages executive development through an exclusive invitation to The Young Leaders Summit, taking place at Phocuswright Europe, Dublin.The Young Leaders Summit showcases the important role young leadership plays in the future growth of one of the world's largest industries. Antonioli will join a select group of young leaders to interact with the industry's current leaders, focussing on driving strategy, innovation and growth. Antonioli will also be inducted into an ongoing incubation program for emerging industry talent.eNett Managing Director and CEO, Anthony Hynes, said, “Since joining eNett in 2015, Davide Antonioli has demonstrated impressive sales figures and dedication to his job. eNett prides itself on hiring the best talent in the business and investing in their development. This accolade is testament to the quality of the eNett team, and I look forward to seeing Davide develop into a travel industry leader in the not too distant future”.eNett EMEA Sales Manager, Davide Antonioli, said, “It’s a real honour to be named one of the 35 under 35 rising stars. I joined eNett as it was a fast-paced, ambitious company, operating in the dynamic payments and travel space. I have learnt so much in my first year at eNett, and look forward to gaining new perspectives and learnings at the Young Leaders Summit and bringing them to my day-to-day activities.”The summit will take place as part of the Phocuswright Europe conference 2016, taking place in Dublin, 10 - 12 May. eNett will be there, demonstrating why more and more European travel agencies are abandoning traditional payment methods and turning to eNett Virtual Account Numbers (VANs) for more efficient and rewarding supplier payments. To learn more about how eNett VANs can help your business grow or to arrange a meeting at the show, contact Davide.Antonioli@enett.com. ENDSAbout eNett InternationaleNett International simplifies the complexities of payments by connecting travel industry   specialism with payments expertise.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.For media enquiries:eNett International: Tim Masih, Senior Communications ManagerEmail: tim.masih@enett.com

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09 May 2016

eNett launches ‘Repay the eNett way’ CSR initiative

Singapore, 09 May: eNett International, a leading provider of dedicated B2B payment solutions, has launched a new initiative to support people impacted by greater globalisation and tourism. Called ‘Repay the eNett Way’, the initiative is designed to draw industry attention to the issues faced by displaced communities, and take a hands-on approach to making a difference to their way of life. In line with its travel industry specialisation and hyper-growth strategy, eNett will focus on supporting people in high growth travel destinations.Going beyond just simply donating to charity, ‘Repay the eNett Way’ will shine a light on the unique challenges and pressures experienced by underprivileged communities around the world. This will be underpinned by activities to educate, inspire and equip communities, enabling them to build a sustainable future for themselves. One destination will be selected each year, and will culminate with an opportunity for eNett staff to travel to that region and contribute directly.eNett CEO and Managing Director, Anthony Hynes, said, “There was a shared desire between our staff and customers to find a way to help those less fortunate. At eNett we pride ourselves on doing things differently, and have chosen to partner with charities to build our own ‘Repay the eNett Way’ programme. Our goal is to immerse ourselves into a community and deeply explore the issues impacting travel and tourism, in order to better support them. The launch of this initiative is just the first in step in our commitment in giving communities in need the tools to benefit from the opportunities tourism creates.”Go to www.enett.com for further information and updates.ENDSAbout eNett InternationaleNett International simplifies the complexities of payments by connecting travel industry   specialism with payments expertise.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.For media enquiries:eNett International: Tim Masih, Senior Communications ManagerEmail: tim.masih@enett.com

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03 May 2016

Travelport Strengthens Enett’s Board Of Directors

Singapore, 3 May, 2016: Travelport (NYSE:TVPT), a leading Travel Commerce Platform providing distribution, technology, payment and other solutions for the global travel industry, today announces changes to the Board of Directors of eNett International ("eNett"), its global B2B payments business in which it is the majority shareholder. The changes are designed to strengthen the eNett business, a rapidly growing element of Travelport’s Travel Commerce Platform, and a key component of its Beyond Air capabilities.Gordon Wilson, President and CEO for Travelport, takes over as Chairman of eNett. Wilson is joined on the board by Elizabeth Buse, an accomplished leader in the global payments industry. Buse has held a number of senior executive roles in high profile payments businesses, including Visa, Inc., as well as mobile payments company, Monitise plc, where she was CEO. Buse is also a Director of Travelport. Also joining the board are Travelport executives, Bernard Bot and Thomas Murphy, who are Travelport’s Chief Financial Officer and General Counsel respectively.Anthony Hynes, the CEO of eNett, and Rob Bishop, a Non-Executive Director representing Optal, eNett’s minority shareholder, make up the full eNett board membership. As well as additional expertise in credit cards and payments, Bishop brings extensive financial services experience to the board having held senior executive roles with NAB, Westpac and Citibank.Gordon Wilson, President and CEO of Travelport, commented:“eNett plays a key part in Travelport’s growth strategy and I am excited about leading its board as it embarks upon its next phase of growth. This business has not only expanded well to date, but also has a great future ahead of it. Adding further depth and breadth of management experience in the payments, travel and distribution industries to its board of directors will support Anthony Hynes and his team in being able to fully realise the potential of the business.” Since its inception in 2009, eNett has sustained impressive year-on-year growth and today employs more than 120 people worldwide. Today, eNett can support customers in over 70 countries and continues to focus on recruiting new talent in all of its major hubs in Australia, the UK and Singapore to further strengthen its operations.-Ends-Notes to Editors:About Travelport (www.travelport.com)Travelport is a Travel Commerce Platform providing distribution, technology, payment, mobile and other solutions for the global travel and tourism industry.  With a presence in approximately 180 countries, over 3,700 employees, and an additional 1,200 employees at IGT Solutions Private Ltd who provide us with application development services, our 2015 net revenue was over $2.2 billion.Travelport is comprised of:-          A Travel Commerce Platform through which it facilitates travel commerce by connecting the world’s leading travel providers with online and offline travel buyers in a proprietary business-to-business (B2B) travel marketplace.  Travelport has a leadership position in airline merchandising, hotel content and rate distribution, mobile travel commerce and a pioneering B2B payment solution that addresses the needs of travel intermediaries to efficiently and securely settle travel transactions.-          Technology Services through which it provides critical IT services to airlines, such as shopping, ticketing, departure control and other solutions, enabling them to focus on their core business competencies and reduce costs.Travelport is headquartered in Langley, U.K.  The Company is listed on the New York Stock Exchange and trades under the symbol “TVPT”.About eNett InternationaleNett International simplifies the complexities of payments by connecting travel industry   specialism with payments expertise.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.For media enquiries, please contact:Travelport: Kate Aldridge, Vice President, Corporate Communications             kate.aldridge@travelport.com">kate.aldridge@travelport.comeNett: Tim Masih, Senior Communications Manager      tim.masih@enett.com

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27 April 2016

eNett enables travel agents to reduce payment risks

Singapore, 26 April: eNett International, a leading provider of dedicated B2B payment solutions, will be showcasing how Middle East agents can minimise the risks of payment fraud and supplier default through Virtual Account Numbers (VANs) at the Arabian Travel Market 2016.A recent poll on payment concerns carried out by eNett found the risk of fraud (51%) remained the biggest concern amongst leading Middle East travel agents1. With traditional payment methods limited in the amount of protection they can provide, eNett will be demonstrating why an increasing number of travel companies are turning to eNett VANs to minimise the risk of fraud.A VAN is an automatically generated MasterCard number used for supplier payments. Eliminating the need for a physical card, a new number can be generated for each transaction – minimising the risk of fraud. Pre-defined payment parameters give control back to travel agents, and protect against misuse. And unlike traditional payment options, sophisticated charge-back capabilities provide protection should a supplier default.eNett Managing Director and CEO, Anthony Hynes said, “In a fast growing market such as the Middle East, risk of fraud shouldn’t be a barrier to expansion. VANs provide a solution to the payment concerns of agents, minimising the risk of fraud and supplier default. It’s no wonder we are seeing huge levels of interest in VANs, and the market continues to be a key priority for us.”eNett VANs represent an opportunity for agencies to grow, while managing the costs and controlling the risks. Integration with leading booking and accounts platforms streamline payments processing and automate reconciliation. This frees up time and resources for travel companies to focus on new business and expansion.The Arabian Travel Market 2016 will be taking place in Dubai, 25 - 28 April. To learn more about how eNett VANs can help your business grow or to arrange a meeting at the show, contact Brian.Staunton@enett.com">Brian.Staunton@enett.com. ENDS1. Poll carried out at Travelport’s e-Volve Summit, October 2015About eNett InternationaleNett International simplifies the complexities of payments by connecting travel industry   specialism with payments expertise.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.

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20 April 2016

eNett Int. expands Australian operations with new officeoffice

Singapore, 20 April: eNett International, a global provider of innovative B2B payment solutions, has expanded its operations in Australia, moving into high-tech offices in Melbourne’s central business district. Leading the charge for dynamic solutions to B2B payment problems, eNett has been a key player in promoting alternative payments and bringing the Fintech revolution to B2B. Since its inception in 2009, eNett has sustained impressive year-on-year growth – revenue was up 36% last year1. Aligned with the growing customer base in EMEA, the company opened a new office in Paddington, London, in July 2014. Today eNett has more than 120 employees worldwide, and continues to on-board new talent in all of its major hubs including Australia, UK and Singapore.Inspired by eNett CEO’s mantra of “change is the only constant”, Melbourne’s ultramodern office space has been designed to stimulate innovative thinking. “We pride ourselves on doing things differently, using technology to challenge the status quo, said eNett’s Managing Director and CEO, Anthony Hynes. “Our mission has always been to make payments simple, easy and streamlined for our customers. The need for bigger offices illustrates the journey we’ve taken from start-up to leader in B2B payment solutions, and the momentum continues to grow”, he added.For the travel industry, eNett developed Virtual Account Numbers (VANs) – unique 16 digit MasterCard numbers travel agencies can use to pay suppliers. Seamless integration with the leading booking platforms means travel agencies can pay suppliers within their booking flow, for greater efficiency. And its broad range of currencies and FX options gives agencies low-cost access to international markets. ENDS1.Travelport Worldwide Limited Fourth Quarter and Full Year 2015 Results.About eNett InternationaleNett International simplifies the complexities of payments by connecting travel industry specialism with payments expertise.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.

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12 April 2016

Club Travel selects eNett VANs for lower cost secure payments

Singapore, 12 April 2016: eNett international has partnered with Club Travel, a leading South African travel agent and consolidator, to integrate Virtual Account Numbers (VANs) into Club Travel’s booking system via an API. The integration means Club Travel can make VAN payments within existing agency booking flows, automating the process and lowering the cost of payment through greater efficiency. 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.”ENDS1.eNett VAN terms and conditions apply.About eNett InternationalWe 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 TravelClub 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 branchesVisit www.clubtravel.co.za 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.

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02 March 2016

eNett calls on agents to scale-up for growth at ITB Berlin 2016

Singapore, 2 March: eNett International, a leading provider of dedicated B2B travel payment solutions, will be showing how European travel companies can scale operations to take advantage of growth with Virtual Account Numbers (VANs) at ITB Berlin 2016. The European travel market achieved total travel revenue of €264 billion in 2015, and is projected to increase 7% by 20171. To take advantage of this future growth, travel companies should be looking to automate and de-risk their operations. eNett’s Managing Director and CEO, Anthony Hynes, said “Traditional supplier payments have put a strain on agency operations because of the manual nature of processing and reconciliation. For agencies looking to expand their customer base and supplier relationships further afield, fraud and supplier default also remain top concerns. Alternative forms of payment, such as eNett VANs, represent an opportunity for agencies to grow, while managing the costs and controlling the risks.”eNett VANs enable travel agencies to automatically generate unique MasterCard numbers and pay their suppliers from directly within their booking flow. By streamlining payments processing and automating reconciliation, travel companies can redistribute time and resources to focus on new business and expansion. eNett VANs are also available in over 30 currencies, facilitating safe and secure payments to suppliers in 35.9 million payment locations worldwide, wherever a supplier accepts MasterCard online. “Cross-border expansion can be challenging for both receiving and making payments,” added Hynes. “We want to reassure the industry that with the right tools, sustaining growth at projected levels is achievable. We look forward to speaking about this more, with European agencies at ITB Berlin.”ITB Berlin 2016 will be taking place at the Berlin Exhibition Ground, 9 -13 March. To learn more about how eNett VANs can help your business grow or to arrange a meeting at the show, contact Tony.Hart@enett.com. ENDS1. Phocuswright European Online Travel Overview Eleventh Edition.About eNett InternationaleNett International simplifies the complexities of payments by connecting travel industry   specialism with payments expertise.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. For more information please contact: Tim MasihSenior Communications Manager Email: tim.masih@enett.com

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01 March 2016

Optal Financial Appoints Andy Downes As General Manager

London, 1 March 2016:  Optal Financial Limited, one of Europe’s leading virtual card issuers, has appointed Andy Downes as General Manager, effective immediately. Andy is based in Optal’s London office and will focus on driving the growth of Optal’s business in Europe.Andy is a highly experienced banking and payments executive and joins Optal from Raphaels Bank, where he held the role of General Manager, responsible for the Payment Services Division. At Raphaels, Andy worked closely with clients such as Access Prepaid, Think Money and UK Post Office on structuring and introducing new payments products.  Managing Director of Optal Limited, Rob Bishop, said, “Optal is enjoying phenomenal growth in our business and we have expanded our team accordingly. Andy will play a key role in managing our UK based team and working with clients requiring more efficient business-to-business payment solutions.”Optal Financial General Manager, Andy Downes, said “I am delighted to be joining Optal. The success they’ve achieved in disrupting B2B payments and growing globally has been remarkable. I’m excited to help Optal bring their capabilities to new clients and industry verticals.” Optal Financial’s MasterCard virtual account numbers (VANs) are currently issued in 31 currencies and can be used by clients in over 70 countries worldwide.  ENDSAbout OptalOptal is re-inventing how payment processes work across complex industries.  By stripping payment processes of their customary inefficiency, we help companies boost profitability across a growing number of sectors around the world.As a long term strategic partner and a principal member of MasterCard in the UK and Hong Kong, Optal issues and acquires MasterCard branded payment products, driving its focus on developing and bringing to market game-changing payment solutions.Optal holds a 23.5% interest in eNett International, a specialist global travel payments company, and is its primary issuer of virtual credit cards.For more information about Optal, visit www.optal.com

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22 February 2016

eNett & Cornerstone show how VANs streamline payments

Singapore, 22 February: eNett International, a leading provider of dedicated B2B travel payment solutions, and Cornerstone Information Systems, delivering integrated technology platforms to help manage, process and analyse data, will be demonstrating how Travel Management Companies (TMCs) and travel agents can gain time and cost efficiencies with Virtual Account Numbers (VANs) at Travel Technology Europe 2016. A VAN is an automatically generated 16-digit MasterCard number used for supplier payments, and provides a solution to the problem of manual reconciliation estimated to cost the global travel industry US$1.5 billion1 annually. VANs automate reconciliation, and by integrating with leading booking and accounts platforms, allow agents to pay suppliers directly from within their booking flow – saving customers time and money. For TMCs, eNett and Cornerstone have partnered for a direct billing solution that automates the communication of payment instructions to hotels – eliminating the need for repeated calling and faxing hotels for booking confirmation. TMCs no longer have to use a traveller’s personal or corporate credit card, saving processing time while improving reconciliation, usage, and spend control. VANs also help travel managers better service their corporate clients, providing greater control over their payments by automatically linking these payments to corporate policy and eliminating unapproved charges. Real-time reconciliation is connected to Cornerstone’s reporting and business intelligence platforms for end-to-end visibility. eNett Managing Director and CEO, Anthony Hynes, said, “Our focus on integration and remaining GDS agnostic, means all agents can benefit from more efficient payments with VANs. Automation generates significant cost and time savings for our customers, allowing them to focus on growth. And our partnership with Cornerstone means we provide an efficient solution to the unnecessarily time consuming processes involved in hotel bookings. I look forward to working with Cornerstone to provide further efficiencies in the future.”Travel Technology Europe 2016 will be taking place at the Olympia conference centre in London, 24-25 February. To learn more about VANs or to arrange a meeting, contact Tony.Hart@enett.com, or visit the Cornerstone stand at T81. ENDS1. eNett analysis of Phocuswright Payments Unsettled Report 2013 and IATA reports.About eNett InternationaleNett International simplifies the complexities of payments by connecting travel industry   specialism with payments expertise.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 Cornerstone Information SystemsCornerstone Information Systems is a technology company helping travel management companies, corporate travel departments, travel technology companies, and global distribution systems work more efficiently and more profitably. From the creation through the execution and analysis of a travel reservation, companies managing more than $25 billion in travel spend rely on Cornerstone to help them proactively manage information and lower the cost of travel management. Founded in 1992, Cornerstone Information Systems is a privately held company headquartered in Bloomington, Indiana with customers in more than 50 countries. Further information about the company is available at www.ciswired.com. For media enquiries:eNett International: Tim MasihEmail: tim.masih@enett.comCornerstone Information Systems: Lauren WoltersEmail: lwolters@ciswired.com

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10 February 2016

eNett outlines how VANs can drive growth for agents

Singapore, 10 February: eNett International will be demonstrating how agents can gain value from their supplier payments through Virtual Account Numbers (VANs) at the international travel fair BIT. VANs enable agents to streamline their operations and position for growth through payments automation - saving time and money. A VAN is an automatically generated MasterCard number used for supplier payments and can include payment parameters such as amount, currency, date and merchant, making it a more secure way to pay or be paid. As well as benefiting from automated reconciliation, integration with leading booking and accounts platforms allows agents to pay suppliers from within their booking flow. This brings significant efficiency gains which when combined with additional cost saving benefits, gives travel companies real returns on their supplier payments.eNett Managing Director and CEO, Anthony Hynes said, “VANs support Italian travel companies looking to extract added value from their back-office systems and processes, turning what has traditionally been a business cost into a new revenue stream. Reducing the cost of payments enables savings to be passed on to travellers and automation ultimately results in more time to spend with customers.”BIT 2016 will take place in Milan 12 – 14 February. To find out more of what VANs can do for your business, please contactDavide.Antonioli@enett.com to arrange a meeting at BIT, or go to www.enett.com.ENDS 1. VAN Terms and Conditions apply.About eNett InternationaleNett International simplifies the complexities of payments by connecting travel industry specialism with payments expertise.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. For more information please contact: Tim MasihSenior Communications Manager Email: tim.masih@enett.com

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03 February 2016

Payment Fraud Top Concern for Canadian Travel Agents

Singapore, 03 February 2016: Payment fraud remains the top concern for agents, exclusive research commissioned by eNett International reveals today. World leading market research company, Euromonitor, interviewed leading travel agencies across Canada and found fraud prevention remains the key priority when it comes to supplier payments. Designed to gain an insight into Canada’s current supplier payments landscape, the study showed current industry trends are forcing agents to reassess their payment methods. For example, Canadians continue to make more international trips, and to more exotic destinations. In 2013 alone, over CA$30 billion was spent overseas1. Consequently, agencies need to make more payments to previously unknown suppliers, in riskier locations.Traditionally a market where checks have been prevalent, there’s now a shift toward online payments, bringing a reliance on credit cards which are inherent with misuse and data theft. It is also leading agencies to reassess pass-through as the primary method of paying suppliers. The research found that 90% of all hotel bookings made by travel agencies were passing through the customer credit card. However, the responsibility for protecting the customer’s details, and the loss of goodwill and money if details are used fraudulently, means agencies reported a growing reluctance amongst travel buyers and individuals to share card details.eNett Managing Director and CEO, Anthony Hynes, said, “The research has shown how growing international and online payments are increasing the risk of fraud. Agencies are being driven to find alternative payment options that will enable them to keep up with industry trends, while protecting them and their customers from fraudulent transactions. Innovative technologies such as Virtual Account Numbers (VANs) already tackle these issues, enabling agencies to minimize fraud risks and remain competitive.” A VAN is an automatically generated 16-digit number used for supplier payments and can include payment parameters such as amount, currency, date and merchant, making it a more secure way to pay or be paid. It delivers reduced risk from fraud and supplier default, automated payments and reconciliation, and value back through rebates2.You can download the full whitepaper on the findings here. And to find out more about Virtual Account Numbers, go to www.enett.com.ENDS 1. Tourism Industry Association of Canada (TIAC), Annual Report 2014.2. VANs terms and conditions apply.About eNett InternationaleNett International simplifies the complexities of payments by connecting travel industry specialism with payments expertise.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.MethodologyEuromonitor International, a world leading market research company, carried out in-depth interviews with 20 travel agencies from Canada, including traditional travel agents, online travel agents, specialist tour operators and travel management companies. For more information please contact: Tim MasihSenior Communications Manager Email: tim.masih@enett.com

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01 February 2016

Optal Becomes Principal Member Of Mastercard In Hong Kong

London, 1 Febuary 2016:  Optal Limited today announced that it has expanded its global operations, becoming a principal member of MasterCard in Hong Kong.Optal’s wholly owned subsidiary, Optal Asia Limited, holds a Money Service Operator’s license in Hong Kong and has now been granted MasterCard principal membership. Optal’s UK subsidiary, Optal Financial Limited, is already one of Europe’s leading virtual card issuers, enabling customers to make business-to-business payments securely and efficiently.Optal Managing Director, Rob Bishop, said, “Securing this licence is important to support our global growth aspirations. There is already very strong demand for our virtual card solutions in the Asian region. Having this licence enables us to broaden our service offering and to create new, bespoke payment solutions for the Asian region.”Optal’s Chairman, Andre Sekulic, formerly President of MasterCard Asia Pacific, Middle East and Africa, said, “Optal’s strength is as an ecommerce enabler. The growth of ecommerce in the Asian region creates significant opportunities for Optal to help its customers make payments more efficient and reduce associated costs. We’re looking forward to continuing to work with our key business partners to execute new, Asian based opportunities.” About OptalOptal is re-inventing how payment processes work across complex industries.  By stripping payment processes of their customary inefficiency, we help companies boost profitability across a growing number of sectors around the world.As a long term strategic partner and a principal member of MasterCard in the UK and now Hong Kong, Optal issues MasterCard branded payment products, driving its focus on developing and bringing to market game-changing payment solutions.Optal holds a 23.5% interest in eNett International, a specialist global travel payments company, and is its primary issuer of virtual credit cards.For more information about Optal, visit www.optal.com.

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06 January 2016

Manor Uses eNett VANs as its Preferred Method of Payments

Paris & Singapore, 6 January 2016: Manor, France’s leading business travel agency network, has partnered with eNett International to expand the use of Virtual Account Numbers (VANs) to its 315 agencies and 1050 associates.With the network of business and leisure agencies producing a combined turnover of €1.4 billion, Manor wanted a solution that would provide a secure and more flexible alternative to credit cards, while delivering greater efficiencies when processing supplier payments via GDS. eNett VANs are unique 16-digit MasterCard numbers generated for each transaction - significantly reducing the risk of fraud and simplifying reconciliation. And with seamless integration with booking platforms, VANs automate payment processing for greater efficiency, as well as returning a rebate on every transaction1.Manor President, Jean Korcia, said, “By using eNett VANs, our agencies reduce risk from fraud and are protected against supplier default. We are committed to bringing even more value and efficiency to the operations of our agencies. Being able to integrate VANs with their existing payment and booking platforms reduces the burden of manual payment processing, allowing agencies more time to focus on the customer.”In addition, agents can set payment parameters such as amount, currency, date and merchant, providing greater control over transactions. Protected by the MasterCard Guarantee, eNett VANs also provide charge-back capabilities to ensure agency security, should suppliers default through bankruptcy. This also extends to international transactions, removing the risks for expansion and enabling agents to do business with suppliers all around the world.   eNett Managing Director and CEO, Anthony Hynes, said, “We are pleased to be working with Manor to bring the benefits of VANs to agencies across its network in France. As well as reducing significant risks for Manor agencies, eNett VANs simplify and automate the supplier payment process. At a time when agency margins are being squeezed from all angles, these benefits, combined with a rebate1, positively impact the bottom line of all our customers.” ENDS 1. eNett VANs terms and conditions applyAbout eNett InternationaleNett International simplifies the complexities of payments by connecting travel industry specialism with payments expertise.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 ManorManor is a network of 315 travel agencies with 1050 associates. Split 70% corporate and 30% leisure, it has a turnover of over 1.4 billion euros. It is the leading business travel network in France.

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02 December 2015

MTA Partners with eNett for Seamless Supplier Payments

Singapore, 2 December 2015: eNett Virtual Account Numbers (VANs) have been selected by MTA - Mobile Travel Agents (MTA) as its preferred form of supplier payment. The Australian owned and operated travel agency group will partner with eNett International, to enable its national network of MTA Expert Travel Advisors, to realise the benefits of a more efficient, rewarding and secure payment solution with VANs.A VAN is an automatically generated 16-digit MasterCard number used for supplier payments. Because a unique number is used for each new booking or payment transaction, VANs are a secure way to pay or be paid, and are welcomed in each of the 35.9 million locations worldwide where MasterCard is accepted online. MTA CEO Don Beattie, said the move to partner with VANs was a further example of where the company continues to add functionality to its in-house developed IT Systems.“This agreement means all of our travel experts across Australia will be able to access eNett VANs via seamless integration with the MTA Virtual Office,” Mr Beattie said.“Using VANs as part of their workflow will cut handling time for each booking, speeding up the process of commission payments.”“And with VANs automatically matching each booking with payment, we are making considerable administrative savings by eliminating inefficient manual processes of reconciling individual credit card payments.”“Automated reconciliation is equally important to our travel experts, who will now have additional time to spend with their customers.” Backed by the MasterCard guarantee and allowing users to set defined booking and payment parameters, VANs reduce the risk of fraud while providing protection from supplier default. Sophisticated chargeback capabilities complement MTA’s recently launched Zero Flight Risk guarantee which protects MTA’s clients’ funds in the event of supplier insolvency. eNett Managing Director and CEO Anthony Hynes, said a key benefit of VANs are their ability to simplify supplier payments, by seamlessly integrating with existing booking and accounts platforms.  “Allowing payments from within the workflow increases efficiency, while allowing agents to spend less time on processing payments, and more time with customers,” he said. “We are pleased to be making supplier payments simple and easy for MTA’s travel experts and look forward to supporting them with their growth.” -ENDS-About eNett InternationaleNett International simplifies the complexities of payments by connecting travel industry specialism with payments expertise. 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. For more information, please visit www.enett.com. For media enquiries, contact Tim Masih, Senior Communications Manager on +44 (0)7557 319 214 or Tim.Masih@enett.com">Tim.Masih@enett.comAbout MTALicensed since 1991 and having pioneered the “out of office” travel agency model in Australia, MTA – Mobile Travel Agents is a wholly owned and operated Australian business with travel experts located “in community”, nationally.  MTA Expert Travel Advisors are hand-picked travel professionals with extensive industry experience of generally between 10 and 25 years working in major agency chains prior to joining the organisation.  IATA accredited and a foundation member of ATAS, MTA is an invited member of Virtuoso, the travel industry’s leading global luxury network, the exclusive Belmond Bellini Club, Cruise Lines International Association, Cruiseco and an Accredited Space Agent with Virgin Galactic. MTA is also the force behind the ground-breaking ‘Zero Flight Risk™’ initiative, a first for an Australian-owned company and the Australian travel industry and one of the biggest developments to take place on the local travel landscape since the Travel Compensation Fund (TCF) was dismantled. MTA’s national head office is on Queensland’s Gold Coast. For more information please contact: Tim MasihSenior Communications Manager Email: tim.masih@enett.com

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23 November 2015

Immediate Payments Causes Agencies to Seek Alternatives

Singapore, 23 November 2015: The trend for immediate payments is causing U.S. agencies to look for alternative payment methods, exclusive research commissioned by eNett International reveals today. World leading market research company, Euromonitor, interviewed travel agencies across the U.S., unveiling  four key payment challenges caused by trends in the industry, that are driving agencies to re-assess their supplier payments strategies.Offering large incentive discounts in exchange for immediate payment is a tactic used by a growing number of suppliers as they look to optimize their inventory. For agencies, leveraging immediate payment discounts are a big part of remaining profitable, with the research revealing travel agencies using credit cards to pre-pay and secure the best deals. However, this has led to issues with agencies reaching card limits and having to obtain senior management authorization. Another challenge agencies are contending with is international payment. Greater volumes of international leisure and business travel from the U.S. has seen an increase in cross-border payments. Wire transfers have been the default solution, but transaction fees, which respondents cited to be as much as US$351 a time, are pushing up the cost of international payments significantly.Other findings showed U.S. agencies looking to automate data reconciliation. When an agency is paying for multiple trips via the same credit card, reconciliation of card statements can be extremely time-consuming. This is particularly acute for travel management companies, who need to give their corporate clients accurate invoices and detailed reports. Interoperability between differing payments and booking platforms is critical to addressing this, as is data matching at the point of sale.Fraud remained a top concern for agencies, with protection from card fraud a high priority when it came to selecting a payment solution. The findings showed that the wealth of legislation to tackle card fraud, is itself causing agencies problems. For example, once the initial payment is made, some agencies aren’t permitted to store travelers’ credit card details in their systems. This means card details must be taken again to pay for any extras, causing negative customer experiences.eNett Managing Director and CEO, Anthony Hynes, said, “We undertook the research to inform us of the challenges agencies are facing in the U.S. travel payments landscape today. It is clear agencies are being driven to find alternative payments solutions that enable them to work with distributors anywhere in the world, while protecting them and their customers from fraudulent transactions. The U.S. travel industry is ready to embrace real change in the way they make supplier payments, and innovative payment solutions like Virtual Account Numbers (VANs) will be at the forefront of this change.” A VAN is an automatically generated 16-digit number used for supplier payments and can include payment parameters such as amount, currency, date and merchant, making it a more secure way to pay or be paid. It delivers reduced risk from fraud and supplier default, automated payments and reconciliation, and value back through rebates2.You can download the full whitepaper on the findings here. And to find out more about Virtual Account Numbers, go to www.enett.com.ENDS 1.According to U.S. respondents interviewed2.VANs terms and conditions applyAbout eNett InternationaleNett International simplifies the complexities of payments by connecting travel industry specialism with payments expertise.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.MethodologyEuromonitor International, a world leading market research company, carried out in-depth interviews with 19 travel agencies from the U.S., including traditional travel agents, online travel agents, specialist tour operators and travel management companies. For more information please contact: Tim MasihSenior Communications Manager Email: tim.masih@enett.com

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16 November 2015

AirAsia slash the cost of bookings with eNett VANs

eNett International and AirAsia have signed an agreement enabling agents to purchase AirAsia flights using Virtual Account Numbers (VANs) at significantly lower costs. In a first of its kind deal, agents using VANs will forego the current surcharges applied to traditional credit card payments, saving over 70%1 on fees and making VANs the cheapest form of credit card payment for AirAsia flights.Under the terms, AirAsia - Asia’s largest low cost carrier - will add VANs as a payment option in its own agency booking platform, and accept VANs through the Travelport Travel Commerce Platform. Agents choosing VANs will be exempt from the surcharge currently applied to traditional credit card payments, and benefit from a lower fee. This significantly reduces the cost of booking for the agent, as well as saving on processing costs for AirAsia. The solution will be rolled out in Australia in the early 2016, and apply to AirAsia X flights initially, before being extended to other brands and markets globally throughout 2016. An eNett VAN is an automatically generated MasterCard number used for supplier payments and can include payment parameters such as amount, currency, date and merchant, making it a more secure way to pay or be paid. Backed by the MasterCard guarantee and generating unique numbers for each transaction, eNett VANs provide protection against fraud and supplier default. AirAsia’s Group Head of Sales, Rayner Teo Kheng Hock said, “We’re committed to offering the most competitive fares in the market. Reducing the cost of booking means agents can use these savings to offer the lowest prices to their customers. It also means we can reduce the cost of processing payments and incentivise agents to book with us, keeping our cost base down and supporting our rapid expansion globally.” VANs are seamlessly integrated with Travelport’s Travel Commerce Platform, and also integrated with other leading GDSs, enabling agents to pay suppliers with VANs from within their booking flow. This allows agents to make multiple payments without having to leave their desktops, and go through the time-consuming process of filling out booking and payment details – saving time and money.eNett Managing Director and CEO, Anthony Hynes, said, “I am pleased to be able to support AirAsia with its ambitious growth plans. Through VANs, AirAsia gains access to a broader range of agents, while receiving immediate and guaranteed payment. For agents, paying by VANs reduces costs, while gaining significant efficiency gains through integration. The end result is agents can spend more time and resources growing their own businesses. This partnership illustrates how implementing innovative B2B payment models and technology can bring tangible benefits for the industry as a whole.” For more information and to register interest, agents can visit www.enett.com/airasia. ENDS 1. Based on eNett analysis of an average AirAsia return flight from Australia to Malaysia, costing AU$560.About eNett InternationaleNett International simplifies the complexities of payments by connecting travel industry specialism with payments expertise.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 AirAsia GroupAirAsia, the leading and largest low-cost carrier in Asia, servicing the most extensive network with over 100 destinations. Within 14 years of operations, AirAsia has carried over 300 million guests and grown its fleet from just two aircraft to over 190. The airline is proud to be a truly Asean (Association of Southeast Asian Nations) airline with established operations based in Malaysia, Indonesia, Thailand, Philippines, India and Japan, servicing a network stretching across all Asean countries and beyond. AirAsia was named the World’s Best Low Cost Airline at the annual Skytrax World Airline Awards for seven consecutive years from 2009 – 2015. AirAsia is the first airline globally to collaborate with INTERPOL to implement the I-Checkit system to screen the passports of all its prospective passengers against information contained in the world police body’s Stolen and Lost Travel Documents (SLTD) database.  

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20 October 2015

Fraud is the Biggest Payment Concern for Middle East Agents

Singapore, 20 October 2015: Risk of fraud remains the biggest payment concern among leading travel agents in the Middle East, a poll by eNett International reveals today. The poll was carried out by eNett at Travelport’s e-volve summit last week which took place in Istanbul, Turkey. The summit brought together over 100 of the leading travel agents and industry players from across the Middle East to discuss the latest trends in technology.eNett’s polling showed 51% of the industry saw fraud as the biggest concern when it comes to payments, presenting a potential barrier to e-commerce. This was by far the biggest issue identified, followed by the time and resource used for manual payments and reconciliation (19%), card and FX fees (18%), and supplier default (12%). Findings also highlighted the strength of virtual card as an alternative to traditional card payments and cash, with more than half of the respondents already using Virtual Account Numbers or intending to adopt them in the near future.eNett Managing Director and CEO, Anthony Hynes said, “With tourism experiencing high levels of growth, addressing the risk of fraud is a key focus for agents. VANs lower the risk of fraud by generating unique numbers for each transaction, and protect against supplier default through chargebacks for both domestic and international supplier payments.”A VAN is an automatically generated MasterCard number used for supplier payments and can include payment parameters such as amount, currency, date and merchant, making it a more secure way to pay or be paid. Backed by the MasterCard guarantee and generating unique numbers for each transaction, eNett VANs provide protection against fraud and supplier default. Agents can also earn a rebate from the first transaction1, and benefit from automated reconciliation delivering significant efficiency gains.ENDS1.VANs terms and conditions applyAbout eNett InternationaleNett International simplifies the complexities of payments by connecting travel industry specialism with payments expertise.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. For more information please contact: Tim MasihSenior Communications Manager Email: tim.masih@enett.com

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08 October 2015

eNett Geo Travel Network Partners with eNett

MANTOVA & SINGAPORE, 8 OCTOBER 2015: eNett International has partnered with Geo Travel Network, one of Italy’s largest travel agency networks, to expand the use of Virtual Account Numbers (VANs) to its 1500 agents.With many of its agencies regularly reaching their credit card limits for supplier payments, Geo wanted to find an alternative that would give its network better control over their transactions. And with a combined turnover of €680 million, lowering the cost of payments for its agencies was a high priority. eNett offered a solution with VANs, which gives agencies control of payment parameters, and the ability to set alerts to ensure Pay-in accounts always have funds available.An eNett VAN is a unique automatically generated MasterCard number used for supplier payments. Agents can set payment parameters such as amount, currency, date and merchant, providing greater control over transactions, and making it a more secure way to pay or be paid. VANs also integrate with leading GDS and booking tools allowing agents to pay suppliers from within their booking flow and automating reconciliation. Delivering significant efficiency gains, VANs lower the cost of payments as well as returning a rebate on every transaction1.Geo Travel Network CFO, Mauro Cavallini, said, “We are always looking for innovative technology to provide solutions to the problems faced by our agencies. Credit card limits were a common issue across our network, with agencies missing out on deals and bookings because of them. eNett VANs provide a practical alternative, allowing agencies to better manage their supplier payments, as well as benefiting from lower cost, secure payments.”eNett Managing Director and CEO, Anthony Hynes, said, “VANs have been designed to give payment control back to the agent through defined booking and payment parameters. What makes VANs unique is that they provide these benefits to agencies regardless of size. I am pleased to be partnering with Geo, and look forward to bringing the benefits of VANs to agencies across its network.”ENDS1. eNett VANs terms and conditions applyAbout eNett InternationaleNett International simplifies the complexities of payments by connecting travel industry specialism with payments expertise.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 Geo Travel NetworkGeo Travel Network is the Network of Costa Crociere and Alpitour World: a large group with more than 1,500 travel agencies, throughout Italy. Thanks to the close relationship and partnership with tour operators, Geo agencies can guarantee the best offers on the market at very favorable prices.Customized travel packages of the major tour operators, cruises, study and wellness holidays, hotels, car hire, ferry or air ticket to any destination in the world, for business or leisure: in Geo agencies you can book any type of vacation, saving time and money.Geo travel agents are highly qualified professionals, thanks to regular training courses on the product and on-site visits of resorts in major tourist destinations. Because nothing like the experience really teaches you to know a place. For more information please contact: Tim MasihSenior Communications Manager Email: tim.masih@enett.com

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15 September 2015

eNett Chosen as Finalist for Business Travel Innovator Lab

SINGAPORE, 15 SEPTEMBER 2015: eNett International, a leading provider of B2B payment solutions, has been selected as one of ten finalists to compete for the Business Travel Innovator Lab prize, taking place at the BTN Innovate conference in New York, 16-17 September.The Business Travel Innovator Lab features 10 presentations of cutting-edge technology solutions that address industry challenges and support business travel management strategies. Following a first round judging process, eNett Virtual Account Numbers (VANs) were selected for their cutting edge features including automated reconciliation and payment processing.The Innovator Lab gives each presenter seven minutes of uninterrupted speaking time, followed by four minutes of questions and answers from a panel of expert judges made up of corporate travel buyers and consultants. This is then followed by two minutes of Q&A, after which one winner will be selected by the judges, and another by the audience.eNett Managing Director and CEO, Anthony Hynes, said, “We developed VANs to address the pain points faced by travel companies and deliver real value. Being selected as a finalist is testament to the positive impact VANs have had in the travel industry and I look forward to illustrating the innovative features which make supplier payments simple and easy.”An eNett VAN is an automatically generated MasterCard number used for supplier payments. It delivers reduced risk from fraud and supplier default, automated payments and reconciliation, and value back through rebates1. eNett is uniquely positioned to offer these benefits to all travel companies regardless of size or booking platform used. Today, customers in over 70 countries use eNett VANs to facilitate supplier payments globally.The second annual BTN Group Innovate conference will be held on the 16-17 September, at the Wyndham New Yorker hotel, New York. This unique Innovator Lab and event for the advancement of business travel, combines cutting-edge buyer education and industry networking for corporate travel and procurement professionals.ENDS1.  Terms and conditions applyAbout eNett InternationaleNett International simplifies the complexities of payments by connecting travel industry specialism with payments expertise.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. For more information please contact: Tim MasihSenior Communications Manager Email: tim.masih@enett.com

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08 September 2015

Orchestra & Enett Partner for Seamless Supplier Payments

SINGAPORE, 8 SEPTEMBER 2015: eNett International has partnered with leading travel technology company, Orchestra, to seamlessly integrate its Virtual Account Numbers (VANs) into Orchestra’s leisure platform. The move will allow Orchestra’s customers to automate payments through the booking workflow, generating efficiency gains as well as providing secure and low cost payments through VANs.A VAN is an automatically generated MasterCard number used for supplier payments and can include payment parameters such as amount, currency, date and merchant, making it a more secure way to pay or be paid. Backed by the MasterCard guarantee and generating unique numbers for each transaction, eNett VANs provide protection against fraud and supplier default. Agents can also earn a rebate for every transaction1, and benefit from automated reconciliation delivering significant efficiency gains.Orchestra CEO, Christian Sabbagh, said, “We aim to bring added value to our customers and real earnings for the entire distribution chain. We were looking for a secure payment solution to match that approach, and eNett VANs do just that.” eNett Managing Director and CEO, Anthony Hynes, said, “Partnering with an industry leader like Orchestra allows us to expand access to VANs to more agents, and extend its benefits through integration. The estimated US$1.5 billion2 annual cost of manual reconciliation makes efficient payment automation critical. VANs streamline the payments process, and automate reconciliation, allowing agents to spend less time on administration and more time with customers.”ENDS1. Terms and conditions apply.2.  eNett analysis of PhoCusWright Payments Unsettled Report 2013 and IATA.About eNett International           eNett International simplifies the complexities of payments by connecting travel industry specialism with payments expertise.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. For more information please contact: Tim MasihSenior Communications Manager Email: tim.masih@enett.com

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27 August 2015

LBF Travel Cuts Costs by Integrating eNett VANs

SAN DIEGO, CA. & SINGAPORE, 27 AUGUST 2015:  LBF Travel Inc., a leading global travel technology company, has partnered with eNett International to integrate Virtual Account Numbers (VANs) into its payments workflow. With over 600 employees in the USA, India, the U.K., and Thailand, VANs will enable the company to save time and money through automated payment processing and reconciliation, while also benefiting from eNett’s extensive currency and local settlement capabilities.LBF Travel assists travellers in planning and booking the best trips. LBF’s consumer brands include SmartFares, Travelation and HotelWiz. With thousands of daily bookings and supplier payments made across the world, LBF Travel wanted to make payments directly from its existing systems, gaining substantial time efficiencies by reducing manual processing and automating reconciliation. eNett provided a solution with VANs.A VAN is an automatically generated, unique 16 digit MasterCard number used for supplier payments. eNett’s comprehensive API seamlessly integrated with LBF Travel’s existing systems, allowing it to get up and running quickly and easily. Employees can now make multiple hotel and airline payments globally without having to leave their desktops, delivering significant time efficiencies, and lowering costs through automated reconciliation.LBF Travel’s Vice President of Strategic Partnerships, Peter Harders, said, “We are committed to offering our customers the best deals when it comes to travel bookings. Getting value back from our supplier payments and streamlining processes gives us the efficiency to continue to do so, which is why we chose VANs. Supplier payments are now simple, making it easier to work with smaller airlines around the world. The local currencies and foreign exchange options also give us additional benefits by keeping costs low.”Offering 30 currencies, 16 with local settlement capabilities, provides travel companies with more control over rates and timings when managing foreign exchange. Local funding and settlement reduces exposure to foreign exchange fluctuations, enabling travel companies like LBF Travel to generate VANs in multiple currencies without incurring transactional cross border fees.eNett Managing Director and CEO, Anthony Hynes, said, “Lowering the cost of international payments is critical for enabling growth for today’s global travel companies. We are pleased to be able to support LBF in its business growth, and enabling it to provide the best value to its customers.”Backed by the MasterCard guarantee, eNett VANs also provide protection against fraud and supplier default. In addition, travel companies can earn a rebate for every transaction1, generating a new revenue stream while reducing costs and risks.               ENDS                              1.      Terms and conditions apply.About eNett InternationalWe 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 LBF Travel, Inc.LBF Travel is a global travel agency and travel technology company with offices in San Diego, Bangkok, New Delhi, Chandigarh and Tijuana staffed by over 600 travel professionals. Our consumer brands include SmartFares, Travelation and Hotelwiz.  For more information please contact: Tim MasihSenior Communications Manager Email: tim.masih@enett.com

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13 August 2015

eNett Int. Selected as Finalist for Three Payments Awards

SINGAPORE 13 AUGUST 2015: eNett International, a leading provider of B2B payment solutions, has been shortlisted for three categories in the prestigious Emerging Payments Awards 2015. The awards recognise the best people, programmes and innovations in the global payment’s industry, judged by a team of independent industry experts with 2015 seeing the biggest number of entrants to date.eNett will be contending the Best Payment Technological Innovation award for its Virtual Account Numbers (VANs), and Leading Emerging Payments Organisation award in recognition of its phenomenal growth and leadership in secure B2B payments since launching VANs in 2011. eNett Managing Director and CEO, Anthony Hynes, is one of four names shortlisted as Emerging Payments Entrepreneur of the Year for his record of payments entrepreneurship spanning over 15 years. One of the original founders of eNett International, Anthony was instrumental in conceiving the unique business structure which makes VANs disruptive in the B2B payments industry.An eNett VAN is an automatically generated MasterCard number used for supplier payments. It delivers reduced risk from fraud and supplier default, automated payments and reconciliation, and value back through rebates. eNett is uniquely positioned to offer these benefits to all travel companies regardless of size or booking platform used. Today, customers in 71 countries use VANs to facilitate supplier payments globally.eNett Managing Director and CEO, Anthony Hynes, said, “I am honoured that eNett’s contribution to the payments landscape has been recognised by the Emerging Payments Awards, and its panel of independent experts. Being shortlisted for three categories including Leading Emerging Payments Organisation is testament to the speed of our growth, and the strength of eNett to bring real world solutions to address pain points in today’s B2B payments landscape.”The 8th Annual Emerging Payments Awards will take place on Thursday 15 October at the Lancaster hotel, London and will bring together 600 payment industry professionals to celebrate achievement in the emerging payments industry. ENDS About eNett InternationaleNett International simplifies the complexities of payments by connecting travel industry specialism with payments expertise.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.For information about the Emerging Payments Awards: Joelle Harari, Event Coordinator: Email:joelle.harari@emergingpaymentsawards.com">joelle.harari@emergingpaymentsawards.com For more information please contact: Tim MasihSenior Communications Manager Email: tim.masih@enett.com

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22 July 2015

eNett Shows Why Virtual Cards Are Gaining Momentum Globally

SINGAPORE, 22 JULY: eNett International will be outlining the case for Virtual Account Numbers (VANs) to eliminate the pain points in supplier payments at the GBTA Convention 2015, Florida. In the ‘Virtual Payment’ education session taking place on 27 July, eNett will illustrate how VANs overcome the challenges faced by today’s travel companies, and the process involved when implementing VANs as a payment solution.A VAN is an automatically generated MasterCard number used for supplier payments and can include payment parameters such as amount, currency, date and merchant, making it a more secure way to pay or be paid. Backed by the MasterCard guarantee and generating unique numbers for each transaction, eNett VANs minimise the risk of fraud and maximise protection against supplier default. Agents can also earn a rebate1 and benefit from significant efficiency gains.eNett Managing Director and CEO, Anthony Hynes said, “In a landscape where fraud is a top concern for 40% of the industry2, and manual payments and reconciliation cost an estimated US$1.5 billion a year2, VANs have been specifically developed to address the challenges faced by today’s travel companies. By streamlining the payments process through integration and automation, VANs save time and money while reducing risks. As more companies look to gain greater value from their supplier payments, the interest in VANs will continue to grow at a phenomenal rate.”Darryl Jang, Senior Vice President Americas for eNett, will be speaking at the GBTA Virtual Payment Session on Monday 27 July, 11:30am -12:30pm, room 311GH at the Orange County Convention Centre, Orlando, Florida.ENDS1. Terms and conditions apply.2. eNett analysis of PhoCusWright Payments Unsettled Report 2013 and IATA.About eNett InternationaleNett International simplifies the complexities of payments by connecting travel industry specialism with payments expertise.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. For more information please contact: Tim MasihSenior Communications Manager Email: tim.masih@enett.com

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08 July 2015

eeNett Int. Streamlines Payments in Polish Zloty with Currency Extension

SINGAPORE 8 JULY: eNett International, a leading provider of dedicated B2B travel payment solutions, has added Polish Zloty to its currency offering enabling Polish and international agents to take advantage of streamlined and low cost supplier payments in PLN through Virtual Account Numbers (VANs).In response to customer demand, local and international agents of all sizes can now use VANs to pay Polish suppliers quickly and hassle free. It also means that out of the 30 currencies available to eNett’s customers, 16 provide for local funding and settlement, supporting growth in new markets and saving costs.  One company already taking advantage of Zloty local settlement with VANs is leading hotel booking agency, iAlbatros. “VANs with pre-set limits are a great business enabler for us, as it ensures hotels will only charge the total amount agreed during reservation. This means any extras aren’t paid for by the client, protecting them from unauthorised transactions. In addition, single-use VANs make reconciliation extremely easy and straightforward,” said Przemyslaw Soroka, Vice-President of the Management Board and CFO. “With the advent of local settlement in PLN, we will be able to cover another growing market with the solution, bringing further business benefits for us, and extending our partnership with eNett.” A VAN is an automatically generated MasterCard number used for supplier payments and can include payment parameters such as amount, currency, date and merchant, making it a more secure way to pay or be paid. Backed by the MasterCard guarantee and generating unique numbers for each transaction, eNett VANs minimise the risk of fraud and maximise protection against supplier default. Agents can also earn a rebate1, and benefit from automated reconciliation delivering significant efficiency gains.eNett Managing Director and CEO, Anthony Hynes, said, “Poland had over 16 million visitors in 20142 and its tourist industry is going from strength to strength. With increasing volumes, our customers wanted a cost-effective solution for managing international and domestic supplier payments in Poland, which is why we have added Zloty to our VAN currency offering.”“Having one of the broadest local settlement capabilities in the industry, is testament to our commitment to lowering the cost of international payments.” ENDS 1. Terms and conditions apply.2. Ministry of Sport and Tourism in Poland.About iAlbatrosiAlbatros provides hotel booking services for the business client. The formula of the company’s operations is based on a dedicated IT system. The Company’s differentiator is that it provides effective tools to its customers that allow them to save on hotel booking expenses – such tools as virtual one-time use debit cards with limits being a direct reflection of booking values in the iAlbatros system, or full matching of hotel lists and hotel packages available in the system (accommodation only, bed and breakfast, additional hotel services) and pricing limits to internal business travel policies of its customers.About eNett InternationaleNett International simplifies the complexities of payments by connecting travel industry specialism with payments expertise.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. For more information please contact: Tim MasihSenior Communications Manager Email: tim.masih@enett.com

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30 June 2015

Viaxoft Partners with eNett to Offer Payments Unsing VANs

SINGAPORE 30 JUNE 2015: ViaXoft, a software and services company, has partnered with eNett International to offer payments using Virtual Account Numbers (VANs) to ViaXoft’s customers, as part of their end-to-end automated booking workflow.The partnership has enabled eNett VANs to be integrated into ViaXoft’s ViaXeo software, enabling agents to make multiple bookings and payments seamlessly through a single interface – delivering significant efficiency gains. As part of the integrated offering, ViaXoft’s new and existing customers will also benefit from lower cost and reduced risk when paying by eNett VANs.A VAN is an automatically generated MasterCard number used for supplier payments and can include payment parameters such as amount, currency, date and merchant, making it a more secure way to pay or be paid. Backed by the MasterCard guarantee and generating unique numbers for each transaction, eNett VANs provide protection against fraud and supplier default. Agents can also earn a rebate for every transaction1, and benefit from automated reconciliation streamlining the payments process.ViaXoft Associate Director, Karine Mazet, said, “We only offer our customers innovative solutions which bring real value to their business. VANs do just that, making supplier payments simpler, safer and more efficient. By integrating into our automated booking workflow, it also means fewer processing errors and immediate booking confirmation. Adding this capability to ViaXeo further strengthens our customer value proposition.” One ViaXoft customer who is already experiencing the benefits of paying with VANs is Frequent Flyer Travel Paris. The founder, Marc Leidelinger, said, “Previously we used our company credit card to pay suppliers, which left us vulnerable to fraud. By opting for VANs through the ViaXeo solution we were able to minimise the risk from fraud, as well as increasing efficiency through automated reconciliation. I would estimate our accounting team has saved four man-hours for every 100,000 Euros transacted.”eNett Managing Director and CEO, Anthony Hynes, said, “I am pleased to be partnering with ViaXoft, and extending the benefits of VANs to its customers. The estimated US$1.5 billion annual cost of manual reconciliation2 makes efficient payment automation critical. This is why we offer seamless integration of our VAN solution into the workflow.”VANs reduce this risk of fraud and misuse by eliminating the need for a physical card altogether, generating a unique 16-digit MasterCard number for each transaction.ENDS 1. Terms and conditions apply.2. PhoCusWright Payments Unsettled Report, 2013.About eNett InternationaleNett International simplifies the complexities of payments by connecting travel industry specialism with payments expertise.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. For more information please contact: Tim MasihSenior Communications Manager Email: tim.masih@enett.com

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18 June 2015

eNett Int. Urges APAC Travel Agents to Take Advantage of Growth

SINGAPORE, 18 JUNE 2015: eNett International, a leading provider of dedicated B2B payment solutions, has encouraged travel agents in APAC to scale their operations by strengthening operational efficiency, in order to take advantage of the phenomenal 62%1 travel growth expected across the region.Speaking at the Travelport LIVE conference in Seoul last week, eNett’s Managing Director and CEO, Anthony Hynes, said, “The pace of change in APAC is unprecedented. It is already predicted to grow 18%1 above the global average over the next five years, but agents will only be able to take advantage of this if they start scaling their operations now.”The Travelport LIVE conference brought together over 300 of Asia’s leading travel agents and industry players to discuss the latest trends, travel content and future of travel across the region. One area that was identified as key to scaling and streamlining business processes to optimise growth, was payments.“The inefficiencies of supplier payments can be a huge burden on travel companies”, continued Anthony Hynes. “With average income levels in Asia expected to be 25% higher than those of American counterparts by 20202, traditional models where staff manually do what automated systems can now do, is no longer going to sustain growth. Automating payments and reconciliation enables scaling by generating efficiencies, reducing costs and controlling risks.”eNett's own Virtual Account Numbers (VANs) have been designed to streamline payment processes through seamless integration, enabling payment from within the workflow and automated reconciliation. A VAN is an automatically generated MasterCard number used for supplier payments and can include payment parameters such as amount, currency, date and merchant, making it a more secure way to pay or be paid.Hynes explained that focusing on automating operations would naturally enable agents to spend more time on customers and less time on manual tasks. “An agency turning over US$1 million to US$5 million typically needs one part-time staff member to manage payments processing and reconciliation3. For larger agencies, this climbs into double digits.”A poll of conference participants confirmed overwhelming support for virtual cards, with 90% revealing that they plan to adopt them in the next 12 months, or that they already have them in use.eNett VANs have already gathered strong momentum in the APAC region, with demand set to grow even further as agents look to streamline business processes.ENDS1. Euromonitor Travel & Tourism Retail Value (RSP) excl. car rental insurance replacements costs 2012 – 2018.2. Fidelity Report: Imagining Asia 2020.3. PhoCusWright Payments Unsettled Report, 2013. For more information please contact: Tim MasihSenior Communications Manager Email: tim.masih@enett.com

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04 June 2015

MetGlobal Selects eNett VANs for Seamless Supplier Payments

SINGAPORE, 4 JUNE 2015: MetGlobal, a major global travel company, has partnered with eNett International to use Virtual Account Numbers (VANs) for increased efficiency in its supplier payments.Offering wholesale accommodation in over 200,000 hotels across 198 countries through its MetGlobal Sourcing and HotelsPro brands, meant a lot of time was spent processing payments and reconciling transactions manually. MetGlobal required a solution which could seamlessly integrate into its current booking systems, allowing it to make instant payments directly from within existing workflows, and automate reconciliation. After a thorough review of virtual payment options, MetGlobal selected eNett Virtual Account Numbers for its seamless integration and automated reconciliation and reporting capabilities.A VAN is an automatically generated MasterCard number used for supplier payments. Because a unique number is used for each new booking or payment transaction, VANs are a secure way to pay or be paid, and are welcomed in each of the 35.9 million locations where MasterCard is accepted online.eNett’s comprehensive API seamlessly integrated with MetGlobal’s existing systems, facilitating quick and easy implementation. Employees can now make multiple bookings and secure payments globally without having to leave their desktops, delivering significant time efficiencies, and lowering costs through automated reconciliation.HotelsPro’s Managing Director, Mustafa Korkmaz, said, “We wanted a solution that could generate real benefits for our company, in terms of saving time and lowering costs. VANs have succeeded in doing just that, and the API made integration simple. The instant nature of VANs also means we are able to offer our customers dynamic rates and discounts, while not having to worry about reconciling transactions at the end of the month.”“eNett provides excellent support when we need it. Besides which, the team love the reporting capabilities and the transparency and reliability of the transactions.”Backed by the MasterCard guarantee, VANs provide protection against fraud and supplier default. Travel companies can also earn a rebate for every transaction1, creating real rewards through supplier payments.eNett Managing Director and CEO, Anthony Hynes, said, “The estimated US$1.5 billion2 annual cost of manual reconciliation makes efficient payment automation critical. VANs address this directly, offering unrivalled integration to streamline and automate the payments process. We are pleased to be able to make supplier payments and reconciliation efficient and easy for MetGlobal.”          ENDS                               1.     Terms and conditions apply.2.     eNett analysis of PhoCusWright Payments Unsettled Report 2013 and IATA.About MetGlobalMetglobal is a leading travel company utilizing technology to simplify the lives of consumers and professionals with an innovative portfolio of brands, services and products.Metglobal operates travel search, planning, purchasing and review sites otel.com, tatil.com, Gezi.com, HotelStore.com.Also within the Metglobal family are; HotelsPro (www.hotelspro.com), powering the global hospitality business as partners in providing accommodation and travel technology to over 20.000 travel agencies around the world, Metglobal DMC (www.metglobaldmc.com), providing travel related activities for travel professionals, and Metglobal Sourcing, adding to the groups inventory of directly contracted hotels on a daily basis.As part of the group, Paytrek (www.paytrek.com) handles online payment services and payment security, Inspectroom (www.inspectroom.com) delivers analytics and insights to partner travel professionals.With a team of over 500 young people, spread across offices in Istanbul, New York and Dubai, and by taking a human centric, agile, and meaningful approach to design and engineering, Metglobal removes the boundaries between people and technology, businesses and optimum efficiencies. About eNett InternationaleNett International simplifies the complexities of payments by connecting travel industry specialism with payments expertise.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.For more information about eNett, visit www.enett.com For more information please contact: Tim MasihSenior Communications Manager Email: tim.masih@enett.com

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13 May 2015

eNett VANs Set to Disrupt at the Open Travel Alliance Advisory Forum

SAN FRANCISCO, 13 MAY 2015: eNett International, a leading provider of dedicated B2B travel payment solutions, will be outlining the potential of Virtual Account Numbers (VANs) to disrupt payments in the North American travel industry at the Open Travel Alliance Advisory Forum 2015 in Miami this week.A VAN is an automatically generated MasterCard number used for supplier payments and can include payment parameters such as amount, currency, date and merchant, making it a more secure way to pay or be paid. Backed by the MasterCard guarantee and generating unique numbers for each transaction, eNett VANs minimise the risk of fraud and maximise protection against supplier default. Agents can also earn a rebate1, and benefit from automated reconciliation delivering significant efficiency gains.eNett Managing Director and CEO, Anthony Hynes said, “Since launching VANs in 2011 we have experienced phenomenal growth around the world. There’s huge potential for VANs to disrupt the payments landscape in North America, and with increasing pressure on suppliers and agents to reduce costs, now is the right time for us to drive adoption of VANs in the market.” In an industry faced with a manual payments and reconciliation cost of US$1.5 billion a year2, VANs provide a solution through automation and integration, allowing agents to pay suppliers from within their booking flow. eNett recently announced a partnership with Cornerstone Information Systems, one of the world’s largest privately held travel technology companies, to offer an innovative direct hotel billing payment solution for Travel Management Companies (TMCs). The technology automatically relays payment instructions and data to the hotel, significantly reducing costly man-hours which would otherwise have been spent sending information manually.Barry Landes, Executive Vice President Americas for eNett, will be discussing how VANs can bring solutions to the pain points faced in making supplier payments at the Travel Disruptors Panel on Thursday 14 May, 10:00am -10:30am, at the Open Travel Alliance Advisory Forum in Miami.ENDS 1. Terms and conditions apply.2. eNett analysis of PhoCusWright Payments Unsettled Report 2013 and IATA reports.About eNett InternationaleNett International simplifies the complexities of payments by connecting travel industry specialism with payments expertise.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. For more information please contact: Tim MasihSenior Communications Manager Email: tim.masih@enett.com

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09 April 2015

IGA & eNett Partner to Expand VANs in the Travel Industry

PARIS & SINGAPORE, 9 APRIL 2015: eNett International, a leading provider of dedicated B2B travel payment solutions, has partnered with software vendor IGA to expand its Virtual Account Numbers (VANs) to IGA’s customer base of over 2000 French travel agents. The agreement will see IGA, a market leader in publishing and integrating software for the insurance and travel industry, present eNett VANs as part of its full end-to-end travel solution, IGA T-9. IGA’s new and existing customers will now be able to benefit from the lower cost, secure payments enabled by VANs as part of an integrated offering. A VAN is an automatically generated MasterCard number used for supplier payments and can include payment parameters such as amount, currency, date and merchant, making it a more secure way to pay or be paid. Backed by the MasterCard guarantee and generating unique numbers for each transaction, eNett VANs provide protection against fraud and supplier default. Agents can also earn a rebate for every transaction1, and benefit from automated reconciliation delivering significant efficiency gains.IGA Sales Director, Jean-Dominique Evain, said, “We are always looking for innovative and effective technology to give our customers a complete, seamless and fully integrated travel solution. VANs provide an easy and secure way to pay suppliers, while at the same time seamlessly integrating into existing workflows. eNett’s specialism in the travel market, and partnership with MasterCard, make it a strong offering to present to French travel agents.” eNett Managing Director and CEO, Anthony Hynes, said, “I am pleased to be partnering with IGA, and bringing the benefits of VANs to agents of all sizes across France. Fraud is a major concern for agents when it comes to making payments. VANs address this by giving payment control back to the agent through defined booking and payment parameters, significantly reducing the risk of fraud while simplifying the process.”     ENDS 1. Terms and conditions applyAbout eNett InternationaleNett International simplifies the complexities of payments by connecting travel industry specialism with payments expertise. 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 IGAPublisher and integrator of software for the insurance and travel industry, IGA group has been a major player on those markets for 30 years with more than 2000 customers and 13.000 users.IGA managed to become a reference partner for its clients knowing how to answer their stakes and business requirements. The performance of IGA’s solutions relies on two expertise:Technological know-how via the use of new web technologies (java, cloud, SOA).Business competencies through our experienced consultants, the exploitation of the best practices acquired on our historical solutions and our business process outsourcing services where we are directly facing our customers’ issues on productivity and competitiveness. The main advantages of IGA’s solutions:Ergonomic interface and full web technologies.Innovative architecture based on web-services (SOA).Tailor-made solutions according to the needs.Available in SaaS / Cloud. For more information please contact: Tim MasihSenior Communications Manager Email: tim.masih@enett.com

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01 April 2015

Optal Becomes Primary Issuer of eNett VANs Globally

London, 1 APRIL 2015: Optal Financial Limited – one of Europe’s leading virtual card issuers – has today announced it is now the primary issuer of eNett Virtual Account Numbers (VANs), globally.Formerly known as PSP International, Optal is a shareholder of eNett International, a leading provider of dedicated B2B travel payment solutions to the travel industry, alongside Travelport who owns a majority stake.Optal’s commitment as eNett’s long-term and invested issuer ensures a high level of service and security, enabling eNett to focus on evolving product and service offerings for its customers within the travel industry and beyond. The move also supports eNett’s customer growth into new markets by facilitating even more local settlement currencies and lower cost foreign exchange.Optal’s wholly owned subsidiary, Optal Financial Limited, is as an authorised eMoney institution regulated by the UK Financial Conduct Authority. Its expertise in innovative payment solutions will be invaluable in providing the flexibility and support needed to maintain eNett’s leadership position in B2B payments across the globe.Optal Managing Director, Rob Bishop said, "We are delighted to further cement our relationship with eNett and our ongoing commitment to the company for the long-term. Both our companies are built with innovation as its foundation, and we are just at the beginning of what we can achieve in bringing evolutionary payment services and funding models to the marketplace.”Utilised by hundreds of leading travel companies in 47 countries around the world, eNett VANs are automatically generated MasterCard numbers used to facilitate supplier payments. Backed by the MasterCard guarantee and generating unique numbers for each transaction, VANs can include payment parameters such as amount, currency, date and merchant, making VANs a more secure and easy way to pay or be paid.eNett Managing Director and CEO, Anthony Hynes said, “I am very pleased to have Optal as an integral part of our operation. This relationship is fundamental to achieving our ambitious growth plans and supporting our customers with theirs. It gives us the agility and speed to stay ahead of changing industry demands, and set the benchmark for B2B payment services globally.”Learn more about eNett VANs at www.enett.comENDSN.B. This press release has been issued by Optal About OptalOptal is re-inventing how payment processes work across complex industries. By stripping payment processes of their customary inefficiency, we help companies boost profitability across a growing number of sectors around the world.As a long-term strategic partner and a principal member of MasterCard, Optal Financial Limited issues and acquires MasterCard-branded payment products, driving its focus on developing and bringing to market game-changing payment solutions. Optal Financial Limited, a wholly owned subsidiary of Optal Limited is an authorised eMoney institution, regulated by the UK Financial Conduct Authority.Optal holds a 23.5% interest in eNett International, a specialist global travel payments company, and is its exclusive issuer of virtual credit cards.About eNett InternationaleNett International simplifies the complexities of payments by connecting travel industry specialism with payments expertise.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.For more information about eNett, visit www.enett.com For more information please contact: Tim MasihSenior Communications Manager Email: tim.masih@enett.com

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19 March 2015

Fraud is the Biggest Payment Concern Among Travel Agents

SINGAPORE, 19 MARCH 2015: Risk of fraud remains the biggest payment concern amongst prominent travel agents a poll by eNett International, a leading provider of dedicated B2B travel payment solutions, reveals today. The poll was carried out by eNett at Travelport’s recent e-volve summit which took place in Cape Town, South Africa. The summit brought together 180 of the leading travel agents and industry players to discuss the latest trends, travel content and future points of sale. During the conference, eNett carried out a series of workshops introducing the benefits of Virtual Account Numbers (VANs) to the attendees. eNett’s polling results showed 60% of the industry cited fraud as the biggest concern when it comes to payments. This was far and away the biggest issue identified, followed by manual reconciliation (19%) Fees (13%) and supplier default (6%). Findings also highlighted the lack of awareness around virtual cards, with 62% admitting to having little to no knowledge. This shows the potential impact such payment innovations can have on addressing fraud concerns in South Africa’s travel industry, as well as establishing eNett VANs as a viable and secure alternative to credit card and cash transactions.eNett's own Virtual Account Numbers have been designed to enable agents to reduce the risk of fraud and maximise protection against supplier default. A VAN is an automatically generated MasterCard number used for supplier payments and can include payment parameters such as amount, currency, date and merchant, making it a more secure way to pay or be paid. Backed by the MasterCard guarantee and generating unique numbers for each transaction, eNett VANs provide protection against fraud and supplier default. Agents can also earn a rebate from the first transaction1, and benefit from automated reconciliation delivering significant efficiency gains.eNett Managing Director and CEO, Anthony Hynes said, “We believe eNett VANs will solve the security issues faced by South African travel agents when making local or international supplier payments on behalf of their customers. Because a unique MasterCard number is made for each transaction with relevant booking data associated, eNett VANs significantly reduce the risk of fraud because they can only be used once, within the parameters set by the agent.”Given the country’s payment security concerns, South Africa is a key market for eNett, illustrated by the recent announcement that South African and international travel agents can make payments in South African Rand using eNett VANs. This currency extension means agents of all sizes can make payments to South African suppliers in ZAR. Local agents will be connected to any travel supplier that accepts MasterCard, and enjoy the process efficiencies and lower costs delivered by VANs on an international scale.ENDS 1. Terms and conditions applyAbout eNett InternationaleNett International simplifies the complexities of payments by connecting travel industry specialism with payments expertise.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. For more information please contact: Tim MasihSenior Communications Manager Email: tim.masih@enett.com

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26 February 2015

eNett Int. Provides Access to South African Travel Industry with VANs

London, 26 February 2015: eNett International, a leading provider of dedicated B2B travel payment solutions, has now made it possible for South African and international travel agents, to make payments in South African Rand using eNett Virtual Account Numbers (VANs).A VAN is an automatically generated MasterCard number used for supplier payments and can include payment parameters such as amount, currency, date and merchant, making it a more secure way to pay or be paid. Backed by the MasterCard guarantee and generating unique numbers for each transaction, eNett VANs also reduce the risk of fraud and maximise protection against supplier default. Agents can also earn a rebate from the first transaction1.This currency extension means agents of all sizes can pay into a ZAR account, and make payments to South African suppliers in ZAR. Local agents will be connected to any travel supplier on the MasterCard online network. eNett’s customers will gain access to even more suppliers in South Africa now that they have a quick and easy method for paying them. These process efficiencies will simplify payments and lower costs for all agents.eNett Managing Director and CEO, Anthony Hynes said, “The South African tourist industry, worth around $5.7 billion, is growing faster than the global average with over 9.6 million overseas visitors2. Given this growth, eNett VANs will play a critical role in eliminating the pain points of making international payments to South African suppliers, as well as bringing the benefits of virtual payments to the domestic agents.”“We’re excited that this latest development will enable even more travel companies to enjoy the lower costs and increased security offered by our innovative payment platform.”Learn more about eNett VANs at www.enett.comENDS Sources:1. Terms and conditions apply2. Statistics SA, 2013About eNett InternationaleNett International simplifies the complexities of payments by connecting travel industry specialism with payments expertise.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. For more information please contact: Tim MasihSenior Communications Manager Email: tim.masih@enett.com

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17 December 2014

Ophir Tours Strengthens Supplier Relations & Cuts Costs

Singapore, 17 December 2014: Ophir Tours is enjoying enhanced relations with its suppliers while cutting payment costs at the same time, thanks to eNett Virtual Account Numbers (VANs).A family-owned travel consortium founded in 1952, Ophir Tours is one of the largest in Israel. It recently switched to paying its suppliers with eNett VANs to save time and money from the inefficiencies associated with traditional payment methods.A VAN is a16-digit MasterCard number generated for every booking made by Ophir Tours. A unique number is generated against defined booking and payment parameters for each transaction, making it a highly secure way to pay or be paid.Accepting VANs provide immediate and guaranteed payments to suppliers. Without this, suppliers may demand deposits and this constrains valuable working capital.“We work with a lot of small airlines and hotels where cash flow is critical,” said Ophir Tours C.I.O. and Vice Chairman, Yoni Waksman.“They are now very happy to be getting immediate and guaranteed payments, while we are just as pleased because we no longer have to pay in cash. Cash payments are not protected and even ties up our funds in deposits to maintain our accounts. It’s a win-win situation and has improved our business relationships.”Meanwhile, Ophir is also reaping efficiency benefits from the automated payment and reconciliation processes enabled by VANs. As soon as a VAN is generated, its payment and booking data is matched for reconciliation in real time.“We no longer need laborious manual reconciliation. We estimate that we are saving one man day per month,” said Mr Waksman.Travelport Israel Commercial Manager, Shmuel Cohen, said, “Seamless integration with the Travelport Travel Commerce Platform further cuts manual processing times, with VANs fully embedded as form of payment.”eNett Managing Director and CEO, Anthony Hynes, said, “Our mission is to help companies of all sizes become more efficient by replacing time-consuming and labour-intensive payment processes.”“Ophir Tours’ success is one example of the benefits that our new and innovative technology is delivering to travel companies around the globe.”ENDSAbout eNett InternationaleNett International is a global provider of payment solutions uniquely tailored to the travel industry. Its core offering is a Virtual Account Number (VAN) payment solution that automatically generates single-use MasterCard numbers to facilitate payments across the MasterCard processing network, enabling acceptance at more than 35.9 million locations worldwide. By using eNett VANs to make supplier payments, travel buyers and travel providers alike, are able to reduce their risk, improve reconciliation and generate financial, data and efficiency rewards. eNett is majority owned by Travelport which is traded on the New York Stock Exchange under the symbol “TVPT” and its capabilities are integrated into the Travelport Travel Commerce Platform which operates in over 170 countries today. Its other shareholder, Optal, provides banking services to the enterprise. For more information, visit www.enett.comAbout Ophir ToursOphir Tours, established in 1952, has a staff of more than 350 employees in 33 branches throughout Israel, including service centers in companies and institutions.It is one of the leading tourism companies in Israel, specializing in providing travel, leisure and tourism services, including airline and hotel reservations, vacation packages, organized tours, cruise packages, car rentals, visas, and more.  Ophir Tours is the exclusive Israeli representative of Carlson Wagonlit Travel, the world's largest travel management company, specializing in business travel. Ophir Tours also owns Peltours, an incoming tourism company to Israel.

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24 November 2014

Build a culture without limits | eNett CEO tells TRAVELTech

MELBOURNE, 24 October 2014: When airlines effectively eliminated agency commissions a decade ago, they presented a start-up Australian technology company with an opportunity to establish itself as a global force in travel industry payment solutions.“We recognised that agents had to move to a fee-based model,” said eNett Managing Director and CEO, Anthony Hynes, speaking at the TRAVELtech conference in Sydney.And along the way, the eNett team gained insights into the pain points of travel agencies, including exposure to supplier default and fraud, and laborious and time-consuming manual processing.Now eNett is recognised as a global leader in travel payment solutions. It has key relationships with MasterCard and majority shareholder, Travelport, and customers from 47 countries.Its core offering is an innovative Virtual Account Number (VAN) solution that generates a unique 16-digit MasterCard number for each booking, making it a highly secure way to pay or be paid.The streamlined VAN solution surpasses EFT and credit cards by reducing the risk of fraud because the unique credit card numbers cannot be reused. The solution also increases efficiency and cuts costs through automated reconciliation.Revealing that the eNett team built the VAN prototype in less than a year, Mr Hynes said, “It’s not just about being smart. You also have to deliver faster and better than anyone else.”“We were able to do this because we built our own proprietary platform – we make the rules,” he said.Reflecting on eNett’s achievements since the company built its first platform for a major hotel chain in 2002, Mr Hynes said it became clear to him that B2B payments represented a huge opportunity for innovation and simplification.“Our success has come from building a team that has specialist knowledge in both travel and payments.”“Don’t be afraid to hire people better than you are,” he advised budding IT entrepreneurs attending the TRAVELtech conference.“Be brave. We expanded available currencies ahead of demand and provided local settlement to deliver cheaper outcomes.”“Have confidence in what you’ve built and then stand by your decisions, your people, your partners,” said Mr Hynes.“These are the values that have worked for me and continue to work for us at eNett.”ENDSAbout eNett InternationaleNett International is a global provider of payment solutions uniquely tailored to the travel industry. Its core offering is a Virtual Account Number (VAN) payment solution that automatically generates single-use MasterCard numbers to facilitate payments across the MasterCard processing network, enabling acceptance at more than 35.9 million locations worldwide. By using eNett VANs to make supplier payments, travel buyers and travel providers alike, are able to reduce their risk, improve reconciliation and generate financial, data and efficiency rewards. eNett is majority owned by Travelport which is traded on the New York Stock Exchange under the symbol “TVPT” and its capabilities are integrated into the Travelport Travel Commerce Platform which operates in over 170 countries today. Its other shareholder, PSP International, provides banking services to the enterprise.

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20 November 2014

eNett & Conferma Partner to Provide Smes with Virtual Cards

LONDON, 20 Nov 2014: eNett International and Conferma have partnered to provide small and medium sized travel management companies access to low cost, integrated payments with eNett Virtual Account Numbers (VANs).The agreement will see eNett integrate into Conferma’s global travel payment network, which provides financial institutions and payment solutions providers with point of sale integration into the world’s leading travel management companies, global distribution systems, self-booking tools and online travel agencies.eNett, a global provider of dedicated B2B travel payment solutions, enables travel companies of all sizes to pay suppliers with the latest in virtual card technology. Through this new partnership, small and medium sized travel management companies on Conferma’s payment network will now be able to make supplier payments using eNett Virtual Account Numbers (VANs).VANs are automatically generated MasterCard numbers for supplier payments, and eNett’s unique cash-collateralised model means all agencies can easily access cutting edge payments technology to reduce risk, improve reconciliation and generate financial, data and efficiency rewards.With manual payments handling and reconciliation costing the industry US$1.5 billion1 each year, virtual cards help agencies automate their processes, cutting handling times and costs, enabling them to save between US$300 to US$6,0002 a week.Virtual cards also reduce risk from fraud and supplier default. By using unique card numbers generated against defined booking and payment parameters, they ensure adherence to corporate travel policies over usage and spend.eNett Managing Director and CEO, Anthony Hynes, said,  We are pleased that our partnership with Conferma will make more innovative payment technology accessible to small and medium sized travel management companies.In Europe and Asia Pacific, we have already seen the phenomenal uptake of eNett VANs driven by the inefficiencies and cost of traditional payment methods. As we extend our solution to North America, our funding model will immediately address a desire by Conferma’s travel partners to use VANs for direct hotel billing and other supplier payments. Our simplified on-boarding processes mean they can be up and running within days.Conferma CEO, Simon Barker, said,  Our partnership with eNett will provide a much needed alternative funding model for small and medium sized travel management companies through our global travel payment network. Across the travel industry virtual card payments continue to replace expensive and error prone manual tasks, with paperless, automated processes.  This is a major boost for these businesses who will be able to reduce processing costs and free up their people to focus on delivering other customer needs.eNett VANs are available in 27 currencies, 15 of which are locally funded and settled, enabling lower cost foreign exchange. In addition, users can earn rebates as soon as they start transacting3.1. eNett analysis of PhoCusWright Payments Unsettled Report 2013 and IATA reports2. PhoCusWright Payments Unsettled Report 20133. Terms and Conditions apply.ENDSAbout eNett International:eNett International is a global provider of payment solutions uniquely tailored to the travel industry. Its core offering is a Virtual Account Number (VAN) payment solution that automatically generates single-use MasterCard numbers to facilitate payments across the MasterCard processing network, enabling acceptance at more than 35.9 million locations worldwide. By using eNett VANs to make supplier payments, travel buyers and travel providers alike, are able to reduce their risk, improve reconciliation and generate financial, data and efficiency rewards. eNett is majority owned by Travelport which is traded on the New York Stock Exchange under the symbol  TVPTî and its capabilities are integrated into the Travelport Travel Commerce Platform which operates in over 170 countries today. Its other shareholder, Optal, provides banking services to the enterprise. About Conferma:Conferma is an expert in VCN technology for the settlement and reconciliation of corporate travel expense. Conferma's VCN technologies enhance operational efficiencies and drive cost savings, whilst providing tighter payment controls and offering detailed and accurate data on corporate travel spend. Conferma first launched its payment platform in 2004 and is privately owned.For more information please visit www.conferma.com. For media enquiries, contact Dan Fletcher, Head of Marketing on +44 (0) 161 914 9628 ordaniel.fletcher@conferma.com"> daniel.fletcher@conferma.com.

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06 November 2014

Flight Centre Extends eNett Partnership with VANS

MELBOURNE, 6 Nov 2014: Flight Centre, Australia’s largest retail travel company with more than 2700 stores in 11 countries, is partnering with eNett, a global provider of payment solutions uniquely tailored to the travel industry, to use Virtual Account Numbers (VANs).The relationship between the two companies began in 2011 when Flight Centre selected eNett to provide an automated credit and debit card payment processing solution. Both companies share similar paths, starting from humble beginnings as small businesses in the Australian travel industry, and rising into global prominence in their specialist fields. The Australian Securities Exchange listed Flight Centre will now utilise eNett VANs for some of its international supplier payments.eNett International, a joint venture between Travelport and Optal, offers an innovative payment solution called Virtual Account Numbers (VANs). Because of eNett’s broad and low-cost currency capabilities, Flight Centre’s agents will be able to quickly and easily make domestic and international payments with eNett VANs, from any of Flight Centre’s global locations.A VAN is a unique 16-digit MasterCard number automatically generated against defined booking and payment parameters for each transaction, making it a highly secure way to pay or be paid. Seamlessly integrated with the Travelport Travel Commerce Platform, VANs can be generated to make immediate supplier payments across 27 currencies, 15 with local settlement capabilities.eNett’s pay-in accounts allow agencies more control over rates and timings when managing their own foreign exchange. Local funding and settlement will reduce exposure to foreign exchange fluctuations and enable Flight Centre to generate VANs in multiple currencies without the cross border fees charged on each transaction.eNett Managing Director and CEO, Anthony Hynes, said,  We are pleased to be strengthening our relationship with Flight Centre and our shared desire to lower international payment costs.Our local settlement capabilities, which is one of the broadest in the industry, will provide Flight Centre the most cost-effective solution of managing international payments.The relationship of our two organisations with Travelport will also enhance connectivity in creating more efficiencies and integration for Flight Centre.Flight Centre Global Treasurer, Richard Humphreys, said,  We look forward to expanding our relationship with eNett and see great potential for the use of VANs across our business.In addition to the broad currency and low-cost foreign exchange capability, VANs reduce risk from fraud and supplier default, and improve reconciliation. Agents can also earn rebates as soon as they start transacting1.1. Terms and Conditions apply.ENDSAbout eNett International:eNett International is a global provider of payment solutions uniquely tailored to the travel industry. Its core offering is a Virtual Account Number (VAN) payment solution that automatically generates single-use MasterCard numbers to facilitate payments across the MasterCard processing network, enabling acceptance at more than 35.9 million locations worldwide. By using eNett VANs to make supplier payments, travel buyers and travel providers alike, are able to reduce their risk, improve reconciliation and generate financial, data and efficiency rewards. eNett is majority owned by Travelport which is traded on the New York Stock Exchange under the symbol  TVPTî and its capabilities are integrated into the Travelport Travel Commerce Platform which operates in over 170 countries today. Its other shareholder, Optal, provides banking services to the enterprise. For more information on eNett, visit www.enett.com

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23 October 2014

Outdated Payment Methods in USA Constrain Agency Profits

SAN FRANCISCO, 23 October 2014: Outdated payment methods are costing North American travel agents tens of thousands of dollars, according to figures quoted today by eNett International, at the Travelport Connect seminar in Vancouver.Agents attending a session conducted by eNett International, a leading provider of dedicated B2B travel payment solutions, learned that manual processing which accompanies conventional payment methods is draining away money that could otherwise flow through to their bottom lines.Based on PhoCusWright research findings, US$1.5 billion each year is wasted on manual processing and reconciliation1. Small travel agencies turning over less than US$25 million typically needs one to three part-time staff members to manage and reconcile payments manually, incurring estimated costs of US$33,000 a year. This spirals to around US$325,000 for large agencies transacting US$100 million or more2.eNett Virtual Account Numbers (VANs) address the problem by allowing agencies of all sizes to easily adopt an innovative and integrated supplier payment method that creates cost savings.A VAN is a unique 16-digit MasterCard number generated for each booking and can include payment parameters such as amount, currency, date and merchant, making it a highly secure way to pay or be paid.VANs also enable agents to work more efficiently, through integration with booking and back-end office tools, while also automating reconciliation in real time.eNett’s recent partnership with Cornerstone Information systems, part of its expanding footprint in North America, has generated a key example of the efficiencies that can be achieved.The two companies have combined to provide a direct hotel billing payment solution for Travel Management Companies (TMCs) to cut the inordinate amount of time spent on manual calling and faxing, freeing them up to take on more clients and increase profits.eNett Managing Director and CEO, Anthony Hynes, said, “VANs surpass legacy payment processes that are hindering the desire for agencies to reduce costs and increase profit margins.”“In Europe and Asia Pacific, we have already seen the phenomenal uptake of eNett VANs driven by the universal need for agencies to curtail increasing manual processing costs and the downward pressure on profit margins.”“As we extend the solution to North America, our unique cash collateralized model facilitates easy access to cutting edge payments technology without the need for lengthy credit assessments, allowing agencies to be up and running within days.”VANs are fully integrated within the Travelport Travel Commerce Platform which significantly reduces handling times and eliminates the need to cut and paste between systems. With each VAN generated for payment, a payment entry is made instantaneously, recording it for automated and seamless reconciliation.Agencies can choose from several low-cost FX options available across 27 currencies, 15 with local settlement. In addition, eNett customers can earn rebates for transactions paid with VANs as soon as they start transacting3.ENDS1eNett analysis of PhoCusWright Payments Unsettled Report 2013 and IATA reports2eNett analysis of PhoCusWright Payments Unsettled Report 2013                               3Terms and Conditions apply.About eNett International eNett International is a global provider of payment solutions uniquely tailored to the travel industry. Its core offering is a Virtual Account Number (VAN) payment solution that automatically generates single-use MasterCard numbers to facilitate payments across the MasterCard processing network, enabling acceptance at more than 35.9 million locations worldwide. By using eNett VANs to make supplier payments, travel buyers and travel providers alike, are able to reduce their risk, improve reconciliation and generate financial, data and efficiency rewards. eNett is majority owned by Travelport which is traded on the New York Stock Exchange under the symbol “TVPT” and its capabilities are integrated into the Travelport Travel Commerce Platform which operates in over 170 countries today. Its other shareholder, PSP International, provides banking services to the enterprise.

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23 October 2014

Study Found Outdated Payment Methods Constrain Profits

SAN FRANCISCO, 23 October 2014: Outdated payment methods are costing North American travel agents tens of thousands of dollars, according to figures quoted today by eNett International, at the Travelport Connect seminar in Vancouver.Agents attending a session conducted by eNett International, a leading provider of dedicated B2B travel payment solutions, learned that manual processing which accompanies conventional payment methods is draining away money that could otherwise flow through to their bottom lines.Based on PhoCusWright research findings, US$1.5 billion each year is wasted on manual processing and reconciliation1. Small travel agencies turning over less than US$25 million typically needs one to three part-time staff members to manage and reconcile payments manually, incurring estimated costs of US$33,000 a year. This spirals to around US$325,000 for large agencies transacting US$100 million or more2.eNett Virtual Account Numbers (VANs) address the problem by allowing agencies of all sizes to easily adopt an innovative and integrated supplier payment method that creates cost savings.A VAN is a unique 16-digit MasterCard number generated for each booking and can include payment parameters such as amount, currency, date and merchant, making it a highly secure way to pay or be paid.VANs also enable agents to work more efficiently, through integration with booking and back-end office tools, while also automating reconciliation in real time.eNett’s recent partnership with Cornerstone Information systems, part of its expanding footprint in North America, has generated a key example of the efficiencies that can be achieved.The two companies have combined to provide a direct hotel billing payment solution for Travel Management Companies (TMCs) to cut the inordinate amount of time spent on manual calling and faxing, freeing them up to take on more clients and increase profits.eNett Managing Director and CEO, Anthony Hynes, said,  VANs surpass legacy payment processes that are hindering the desire for agencies to reduce costs and increase profit margins.In Europe and Asia Pacific, we have already seen the phenomenal uptake of eNett VANs driven by the universal need for agencies to curtail increasing manual processing costs and the downward pressure on profit margins.As we extend the solution to North America, our unique cash collateralized model facilitates easy access to cutting edge payments technology without the need for lengthy credit assessments, allowing agencies to be up and running within days.VANs are fully integrated within the Travelport Travel Commerce Platform which significantly reduces handling times and eliminates the need to cut and paste between systems. With each VAN generated for payment, a payment entry is made instantaneously, recording it for automated and seamless reconciliation.Agencies can choose from several low-cost FX options available across 27 currencies, 15 with local settlement. In addition, eNett customers can earn rebates for transactions paid with VANs as soon as they start transacting3.ENDS1. eNett analysis of PhoCusWright Payments Unsettled Report 2013 and IATA reports2. eNett analysis of PhoCusWright Payments Unsettled Report 2013                               3. Terms and Conditions apply.About eNett International eNett International is a global provider of payment solutions uniquely tailored to the travel industry. Its core offering is a Virtual Account Number (VAN) payment solution that automatically generates single-use MasterCard numbers to facilitate payments across the MasterCard processing network, enabling acceptance at more than 35.9 million locations worldwide.By using eNett VANs to make supplier payments, travel buyers and travel providers alike, are able to reduce their risk, improve reconciliation and generate financial, data and efficiency rewards. eNett is majority owned by Travelport which is traded on the New York Stock Exchange under the symbol  TVPTî and its capabilities are integrated into the Travelport Travel Commerce Platform which operates in over 170 countries today. Its other shareholder, PSP International, provides banking services to the enterprise.

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07 October 2014

Cornerstone Announce AutoPay Solution powered by eNett VANs

MELBOURNE, AU. BLOOMINGTON, IN, USA.; 7 Oct 2014:eNett International, a leading provider of dedicated B2B travel payment solutions and Cornerstone Information Systems, one of the worlds largest privately held travel technology companies, have partnered to develop an innovative direct hotel billing payment solution for Travel Management Companies (TMCs).Manual payments handling and reconciliation cost the travel industry US$1.5 billion1 each year. The current manual processes of TMCs for direct hotel billing highlight such inefficiencies, with an inordinate amount of time wasted in repeated calling and faxing.Together, eNett and Cornerstone are now offering TMCs access to Virtual Account Numbers (VANs) via a new integrated hotel direct billing solution that automatically relays payment instructions and data to the hotel. This solution is available via the Travelport Travel Commerce Platform, as well as other GDSs, and does not require any change to existing back-end systems.VANs are automatically generated MasterCard numbers for supplier payments and can include payment parameters such as amount, currency, date and merchant, making it a highly secure way to pay or be paid.By using VANs, TMCs no longer have to use a traveler’s personal or corporate credit card, saving processing time while improving reconciliation, usage, and spend control. VANs also help travel managers better service their corporate clients, providing greater control over their payments by automatically linking these payments to corporate policy and eliminating unapproved charges. Real-time reconciliation connected to Cornerstone’s expense reporting tool significantly cuts time spent by the corporate traveler on laborious reporting processes.eNett Managing Director and CEO, Anthony Hynes, said,  We developed eNett VANs specifically to address the inefficiencies of travel payments, making innovative and integrated technology accessible to companies of all sizes. The rapid uptake of VANs globally has been driven by a need for new payment solutions to meet evolving industry needs.We are pleased to be partnering with Cornerstone to tailor the VANs payment solution to enable integrated payment automation and reconciliation for TMCs a significant process change that will improve profitability, Hynes added.Cornerstone CEO, Mat Orrego, said,  eNett is a great partner, and together we can provide an end-to-end solution to a time consuming problem. We’ve made it simple and easy to use, and we are delighted to play our part in setting a new industry standard for direct billing.By taking advantage of eNett’s unique funding model, TMCs of all sizes can easily access VANs without the need for lengthy credit assessments. eNett’s simplified on-boarding processes mean TMCs and their corporate clients can be up and running within days. There is no requirement to change banking relationships and there are also several low-cost FX options available across 27 currencies. In addition, eNett customers can earn rebates for transactions paid with VANs as soon as they start transacting2.1. eNett analysis of PhoCusWright Payments Unsettled Report 2013 and IATA reports.2. Terms and Conditions apply.ENDSAbout Cornerstone Information Systems:Cornerstone Information Systems is a technology company helping travel management companies, corporate travel departments, travel technology companies, and global distribution systems work more efficiently and more profitably.  From the creation through the execution and analysis of a travel reservation, companies managing more than $25 billion in travel spend rely on Cornerstone to help them proactively manage information and lower the cost of travel management. Founded in 1992, Cornerstone Information Systems is a privately held company headquartered in Bloomington, Indiana with customers in more than 50 countries. Further information about the company is available at www.ciswired.com or by calling Elizabeth Pike at (812) 330-4361 ext. 7709, epike@ciswired.com">epike@ciswired.comAbout eNett International:eNett International is a global provider of payment solutions uniquely tailored to the travel industry. Its core offering is a Virtual Account Number (VAN) payment solution that automatically generates single-use MasterCard numbers to facilitate payments across the MasterCard processing network, enabling acceptance at more than 35.9 million locations worldwide. By using eNett VANs to make supplier payments, travel buyers and travel providers alike, are able to reduce their risk, improve reconciliation and generate financial, data and efficiency rewards. eNett is majority owned by Travelport which is traded on the New York Stock Exchange under the symbol  TVPT and its capabilities are integrated into the Travelport Travel Commerce Platform which operates in over 170 countries today. Its other shareholder, PSP International, provides banking services to the enterprise.

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02 October 2014

VANs Pave the way for Travel Start-Ups With Modest Budgets

Singapore, 2 Oct 2014: Mobile travel agency start-up, HotelQuickly, likens access to eNett Virtual Account Numbers (VANs) to that of a gift to start-ups building their businesses.HotelQuickly Co-Founder and CFO, Mario Peng, said that when HotelQuickly launched in March 2013, each hotel it signed up asked for a deposit of about US$5000.Imagine having to deposit US$750,000 for just 150 hotels. It was not something we could afford at that time, he said.Now, more than one year down the track, we know we could not have grown as quickly as we have, or built the trust hotels have in us now, without VANs.eNett International a joint venture between Travelport and PSP International offers an innovative payment solution called Virtual Account Numbers (VANs) to make supplier payments safer and faster. Operating on a prepaid model where unique MasterCard numbers are generated for each booking, VANs free up agencies from having to pay significant collateral to start accounts with suppliers such as hotels.Mr Peng explained that their funds were better used to pre-fund VANs rather than sit idle as deposits in hundreds of hotel accounts.And besides enjoying the benefit of greater cash flow, Mr Peng said that automated payment and reconciliation helped save costs from large staffing allocations otherwise needed to take care of hotel payments each month.With VANs automatically matching each booking with payment, the administrative burden is reduced. We even save on foreign exchange by paying the hotel in their local currency because VANs can be settled in 15 local currencies.eNett Managing Director and CEO, Anthony Hynes said:  When we launched VANs three years ago, our goal was to redefine travel payments for the entire travel industry, allowing companies of all sizes to access innovative and integrated payments technology to improve overall business performance.HotelQuickly’s success is a testament to our commitment, helping travel companies perform better by managing their costs and streamlining their business practices.îVANs offer less risk and more reward for agencies and suppliers of all sizes.Learn more about eNett VANs at www.enett.com/vans.ENDSAbout eNett InternationaleNett International is a global provider of payment solutions tailored to the travel industry.  Majority owned by Travelport a travel commerce platform providing distribution, technology, payment and other solutions and PSP International, eNett uniquely connects the travel industry with payments expertise to offer an innovative payments platform that reduces risk, improves reconciliation and delivers financial, data and efficiency rewards.eNett's core offering is a Virtual Account Number (VAN) payment solution that automatically generates unique MasterCard numbers used to facilitate global payments between travel agencies and travel providers. Its exclusive, long-term partnership with MasterCard provides access to the world’s fastest payments processing network and more than 35.9 million locations worldwide.

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01 October 2014

iAlbatros Enhances Corporate Customer Service VANs

1 Oct 2014: An eNett Virtual Account Number (VAN) is a unique 16-digit MasterCard number automatically generated at each booking, making it a highly secure way of paying suppliers.iAlbatros has a significant presence in the French corporate market and a unique business model. Its online hotel platform is customised to meet the needs of customers across the entire process chain: from hotel choice, price analysis and authorisation; to cost control.Founder and CEO of iAlbatros, Moncef Khanfir, said that with 200,000 hotels in their inventory, corporate travellers had the benefit of a wide range of wholesale-rate prices without the high cost of using middlemen to make the bookings.The technology goes beyond a simple hotel search engine. It is an intelligent platform using advanced database search and analysis, adapting each search to the customer’s unique preferences.Our corporate clients like giving the control of the selection process to their staff, while retaining central control over authorisation and costs, he said.This is where eNett VANs come into the picture, simplifying monthly invoicing for iAlbatros and further improving control.During the booking process, the corporate traveller uses the iAlbatros booking tool, while an eNett VAN is used to pay the supplier.VANs are seamlessly integrated, capturing all booking details for easy reconciliation.Everything is very transparent. Each booking payment and invoice can be easily matched so there is no room for error, said Mr Khanfir, who added that VAN payments can also be settled in local currencies, eliminating the extra cost of having to pay foreign exchange rates.eNett Managing Director and CEO, Anthony Hynes, said:  I’m delighted that eNett is contributing to the success of iAlbatros by reducing manual processing, improving the accuracy of monthly invoicing and enhancing their customer service.ENDAbout eNett International eNett International is a global provider of payment solutions tailored to the travel industry.  Majority owned by Travelport a travel commerce marketplace providing distribution, technology, payment and other solutions and PSP International, eNett uniquely connects the travel industry with payments expertise to offer an innovative payments platform that reduces risk, improves reconciliation and delivers financial, data and efficiency rewards.eNett's core offering is a Virtual Account Number (VAN) payment solution that automatically generates unique MasterCard numbers used to facilitate global payments between travel agencies and travel providers. Its exclusive, long-term partnership with MasterCard provides access to the world’s fastest payments processing network and more than 35.9 million locations worldwide.

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23 September 2014

Demand for Low Cost Carrier Drives Need for Enett VANs

LONDON, 23 Sep 2014: Consumer demand for low cost carrier and best-rate hotel bookings in France is seeing a spike in payments made at the time of booking.Similarly, the uptake of eNett Virtual Account Numbers (VANs) is increasing to meet this demand.French travel management company, Frequent Flyer Travel Paris, which recently started using eNett VANs to make supplier payments, is reaping rewards by changing its payment method.With the increased volume of low cost airline, hotel and other online booking requests from our clients, the need to use our company credit cards also increased, said Frequent Flyer Travel Paris President Marc Leidelinger.But that meant carrying more risk, with at least 10 fraudulent transactions recorded each year, he said.  Now we use eNett VANs which reduce our risk while still allowing us to secure low-cost and best-rate bookings that require immediate payment.eNett VANs are automatically generated 16-digit MasterCard numbers that agencies use to make supplier payments. A unique number is generated at every booking, making it a highly secure way to pay or be paid.In addition to increased security, Mr Leidelinger explained that VANs created process efficiencies through automated reconciliation.By automatically matching each booking with a unique VAN in real time, we have saved more than 25 hours a month in accounts payable cost savings alone, he said.eNett Managing Director and CEO, Anthony Hynes, said:  The demand for VANs in France is driven by a market that is increasingly making immediate payments, in line with industry trends that have seen 21% of airline payments in Western Europe settled at the time of booking and 74% of hotels offering pre-paid booking options on their websites.*eNett is meeting the payment needs of Frequent Flyer Travel Paris by reducing risk and improving reconciliation, while allowing them to access and secure dynamic and net-commission content, he said.VANs are accepted across MasterCardís network of 35.9 million locations worldwide, wherever a travel supplier accepts MasterCard.Meet the eNett team at IFTM Top Resa in Paris to learn more about VANs. We will be located at the Travelport stand in Porte de Versailles Pavilion 7.2 on stand K57, from 23 - 26 September.*PhoCusWright Payments Unsetttled Report 2013ENDSAbout eNett InternationaleNett International is a global provider of payment solutions tailored to the travel industry.  Majority owned by Travelport ñ a travel commerce marketplace providing distribution, technology, payment and other solutions ñ and PSP International, eNett uniquely connects the travel industry with payments expertise to offer an innovative payments platform that reduces risk, improves reconciliation and delivers financial, data and efficiency rewards.eNett's core offering is a Virtual Account Number (VAN) payment solution that automatically generates unique MasterCard numbers used to facilitate global payments between travel agencies and travel providers. Its exclusive, long-term partnership with MasterCard provides access to the worldís fastest payments processing network and more than 35.9 million locations worldwide.

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17 September 2014

Ypsilon Partners with Enett to Offer Payment Security VANs

LONDON, 18 September 2014: Ypsilon.net AG, one of the worldís largest end-to-end IT solutions specialists for the travel industry, is integrating eNett Virtual Account Numbers (VANs) to provide secure supplier payments for online travel agencies.eNett VANs are automatically generated 16-digit MasterCard numbers that agencies use to make supplier payments. A unique number is generated at every booking, making it a highly secure way to pay or be paid.Our partnership with eNett provides our clients enhanced payment security, no matter in which country they are located,î said Ypsilon VP of Sales & Marketing, Patrick Coulomb.VANs are now seamlessly integrated into the Ypsilon Internet Booking Engine resulting in fully automated, secure supplier payments and 100% data reconciliation.eNett Managing Director and CEO, Anthony Hynes, said:  Iím pleased that eNett is providing a leading payment solution for Ypsilonís 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.îVANs are accepted across MasterCardís 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.About eNett International eNett International is a global provider of payment solutions tailored to the travel industry.  Majority owned by Travelport ñ a travel commerce marketplace providing distribution, technology, payment and other solutions ñ and PSP International, eNett uniquely connects the travel industry with payments expertise to offer an innovative payments platform that reduces risk, improves reconciliation and delivers financial, data and efficiency rewards.eNett's core offering is a Virtual Account Number (VAN) payment solution that automatically generates unique MasterCard numbers used to facilitate global payments between travel agencies and travel providers. Its exclusive, long-term partnership with MasterCard provides access to the worldís fastest payments processing network and more than 35.9 million locations worldwide.About Ypsilon.net AGYpsilon.Net AG is a global technology provider for the travel industry (airlines, OTAs, consolidators and travel agencies). Ypsilon provides multi-content B2C / B2B booking engines, fare loading, ticketing automation, mid-office systems, profile management, packaging, hotel and car rental booking engines as well as low cost carrier content and multi-content XML API. Through its affiliate Ypsilon Payment Solutions, it offers PCI DSS, payment solutions, as well as a fraud prevention system that not only analyses and scores bookings based on complex rules and algorithms, but also provides full automation in all GDS and CRS.

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04 September 2014

Innstant & Enett Join Forces To Help Travel Agencies Save

MELBOURNE, 4 September 2014: Innstant Travel, the online wholesale division of Innstant Group, is encouraging agents to pay their suppliers with eNett Virtual Account Numbers (VANs), to save on costly credit card fees.With a new credit card fee imposed by all of Australiaís big four banks for international online purchases, Innstant Travel CEO, Darryl Ismail, said he wanted to assist agents in reducing their costs by allowing them to pay with a more affordable and efficient payment method.Furthermore, Mr Ismail stated that this was core to the Innstant Group philosophy of constantly adding innovative products to the Innstant platform in order to help its Australian travel partners grow sales, save money and increase profits.eNett International - a joint venture between Travelport and PSP International ñ offers an innovative payment solution called Virtual Account Numbers (VANs) to make supplier payments safer and faster, as well as automating reconciliation at the time of payment.A VAN is an automatically generated 16-digit MasterCard number. A unique number is generated at every booking, making it a highly secure way to pay or be paid.Earlier this year, the last of the four major Australian banks chose to join the others in introducing a new credit card fee for international online purchases, which could be up to 3%1,said Mr Ismail.That ís a huge additional cost for agents to incur, particularly when margins are already tight. But now weíve found the perfect solution in VANs, which donít charge this fee, yet offer the MasterCard protection from supplier default and fraud.eNett Managing Director and CEO, Anthony Hynes, explained that the fees imposed by banks usually included a processing fee on top of foreign exchange.With declining profit margins and increased competition, VANs provide an effective solution for travel companies to manage costs and improve overall business performance. This includes reduced foreign exchange exposure through low cost FX options and a rebate on each transaction.2VANs reduce risk, improve reconciliation and produce financial reward for agencies of all sizes.1. The Sydney Morning Herald,  Westpac last of big 4 banks to introduce fee for online purchases from overseas, by Ben Butler, 5 May 2014.2. Terms and conditions apply.ENDSAbout eNett InternationaleNett International is a global provider of payment solutions tailored to the travel industry.  Majority owned by Travelport a travel commerce marketplace providing distribution, technology, payment and other solutions and PSP International, eNett uniquely connects the travel industry with payments expertise to offer an innovative payments platform that reduces risk, improves reconciliation and delivers financial, data and efficiency rewards.eNett's core offering is a Virtual Account Number (VAN) payment solution that automatically generates unique MasterCard numbers used to facilitate global payments between travel agencies and travel providers. Its exclusive, long-term partnership with MasterCard provides access to the worldís fastest payments processing network and more than 35.9 million locations worldwide.About Innstant Group (www.innstant.travel or www.innstantgroup.com)The Innstant Group, www.innstantgroup.com, is a privately-held travel and software company, which has offices in a number of international cities including the US, Europe and the Middle East.  Innstant is part of a large corporate group with many global business interests including hotels and other areas of the tourism sector.

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01 August 2014

Wake up Call for Agencies to Protect Payments

MELBOURNE, 1 August 2014: eNett International - a joint venture between Travelport and PSP International offers an innovative payment solution called Virtual Account Numbers (VANs) to make supplier payments safer and faster, as well as automating reconciliation at the time of payment.A VAN is an automatically generated 16-digit MasterCard number. A unique number is generated at every booking, making it a highly secure way to pay or be paid.When Wind Jet collapsed two years ago, we helped a European Online Travel Agency recover over Ä1 million, which would not have been possible if a cash payment was made,î said Mr Hynes.Under the MasterCard guarantee, VANs protect agencies from supplier default with no extra cost for this benefit.VANs reduce risk, improve reconciliation and produce financial reward for agencies of all sizes.ENDSAbout eNett InternationaleNett International is a global provider of payment solutions tailored to the travel industry.  Majority owned by Travelport ñ a travel commerce marketplace providing distribution, technology, payment and other solutions ñ and PSP International, eNett uniquely connects the travel industry with payments expertise to offer an innovative payments platform that reduces risk, improves reconciliation and delivers financial, data and efficiency rewards.eNett's core offering is a Virtual Account Number (VAN) payment solution that automatically generates unique MasterCard numbers used to facilitate global payments between travel agencies and travel providers. Its exclusive, long-term partnership with MasterCard provides access to the worldís fastest payments processing network and more than 35.9 million locations worldwide.

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17 July 2014

eNett Int.l team moves into prestigious London office

LONDON, 17 July 2014: The growing eNett International EMEA team in London is today settling into their spacious new offices located at One Kingdom St, Paddington. The state-of-the-art premises, is also tenanted by leading players in the technology, telecoms and real estate industries.eNett International - a joint venture between Travelport and PSP International – is a global provider of dedicated payment solutions for the travel industry, with a mission to redefine payments across the entire travel industry value chain. Since launching in 2011, the company has enjoyed phenomenal growth in Europe and is now gaining traction globally with its Virtual Account Numbers (VANs) – unique 16 digit MasterCard numbers that are generated for each travel booking.eNett Managing Director and CEO, Anthony Hynes, said: “The travel industry is increasingly turning to payments that reduce risk, improve reconciliation and improve financial rewards.”“This demand is driving the uptake of eNett VANs and client growth in the region, propelling the need to upgrade our London based operation and working space.”eNett engaged leading architects HLW International LLP to design their new London offices and provide global guidelines for other locations around the world. “We wanted to create a space that our team would enjoy coming to every day and where our customers would feel inspired,” said Hynes.Boasting clients like Google and lastminute.com, HLW was a natural fit for the brand that aims to turn travel payments on its head and shake up industry norms.Adam Strudwick, Design Director for HLW said “Our challenge was to help bring to life the essence of the eNett brand – to be bold and brave but also reassuring and credible, given what they do for their customers. It’s an energetic team and we’re certain that they’ll be well positioned in their new offices to service the region’s travel industry.”In the past six months, eNett’s UK-based team has more than doubled and they expect to continue expanding in line with the travel industry’s demand for innovative payment solutions.eNett International (London) is located at:Level 2, One Kingdom St,Paddington, London W2 6BLENDAbout eNett Virtual Account NumberA VAN is an automatically generated 16-digit MasterCard number. A unique number is generated at every booking to ensure supplier payments are processed quickly and safely, enabling automated reconciliation at point of sale.  It is safer, more secure and seamlessly integrated within the Travelport Travel Commerce Platform.About eNett InternationaleNett International is a global provider of dedicated payment solutions for the travel industry.  A joint venture between Travelport and PSP International, eNett uniquely connects travel industry specialisation with payments expertise through a payments platform that reduces risk, improves reconciliation and produces financial, data and efficiency rewards.  Our partnerships with Travelport – a travel commerce marketplace providing distribution, technology, payment and other solutions for the $7 trillion global travel and tourism industry – and MasterCard Worldwide, supply us with unparalleled reach across the travel industry.

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02 July 2014

Need for efficiency driving update of VANs in Nordics

LONDON, 2 July 2014: The continuing downward pressure on profit margins and the cost of manual processes are driving the uptake of eNett VANs which reduce risk, improve reconciliation and produce financial rewards, agencies attending a seminar in Copenhagen will learn today.Data from PhoCusWright’s survey* into the global travel payments marketplace found that 40% were already using or planning to use virtual card payments. It also found that 40% of respondents listed fraud as the top payment concern. Other key concerns included invoice reconciliation (25%), chargebacks (24%) and currency conversion (22%).eNett International - a joint venture between Travelport and PSP International - is introducing its innovative Virtual Account Numbers (VANs) to agencies of all sizes in the Nordics region. Following phenomenal growth in Europe since launching in 2011, eNett VANs allow greater access to cutting-edge payment solutions traditionally only available to larger players.A VAN is an automatically generated 16-digit MasterCard number for each booking transaction, making reconciliation simple for everybody in the value chain.eNett Managing Director and CEO, Anthony Hynes, said that EUR1.1 billion was wasted on labour-intensive and time-consuming manual payments handling and reconciliation each year*.“For an average agency with about €20 to €75 million turnover, around 22 hours each week or €60,000 a year will be spent on resources to manually manage reconciliation, process chargebacks and other related functions*,” he said.“VANs help you reduce this cost, simplifying your workflow through integration and automated reconciliation in real-time.”  Mr Hynes said VANs are driven by the emerging needs of agencies, including the growing demand by agencies for best dynamic rates or net-commission rates that require immediate payment.  “Traditional payment methods such as cash or cheque may limit your access to more dynamic content or net-commission rates that allow travel retailers to earn immediate commissions. Or, if you pay by corporate cards or store cards, you might incur significant reconciliation issues which can leave you vulnerable to fraudulent use,” he said. “Add opaque foreign exchange and international transaction fees, and it’s not hard to see why VANs are continuing to gain traction in Europe.”VAN payments are immediate and available in 27 currencies, 15 of which can be settled locally, including SEK, NOK, DKK and EUR. eNett’s partners provide transparent and competitive foreign exchange rates in real-time, providing price certainty at the time of booking.Learn more about eNett VANs at www.enett.com/vans.*PhoCusWright’s Payments Unsettled Report 2013

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25 June 2014

eNett VANs Reduces Risk & Makes Payments more Efficient

LONDON, 25 June 2014: The continuing downward pressure on profit margins and the cost of manual processes are driving the uptake of eNett VANs which reduce risk, improve reconciliation and produce financial rewards; Italian travel agencies learnt today at a Travelport and eNett seminar held at Hotel Eden in Rome.Data from PhoCusWright’s survey* into the global travel payments marketplace found that 40% were already using or planning to use virtual card payments. It also found that 40% of respondents listed fraud as the top payment concern, followed by credit card fees at 35%. Other key concerns included invoice reconciliation (25%), chargebacks (24%) and currency conversion (22%).eNett International - a joint venture between Travelport and PSP International - is introducing its innovative Virtual Account Numbers (VANs) to agencies of all sizes in Italy. Following phenomenal growth in Europe since launching in 2011, eNett VANs allow greater access to cutting-edge payment solutions traditionally only available to larger players.A VAN is an automatically generated 16-digit MasterCard number for each booking transaction, making reconciliation simple for everybody in the value chain.eNett Managing Director and CEO, Anthony Hynes, a keynote speaker at the seminar, said that EUR1.1 billion was wasted on labour-intensive and time-consuming manual payments handling and reconciliation each year*.“For an average agency with about €20 to €75 million turnover, up to 110 hours each week or €65,000 a year will be spent on resources to manually manage reconciliation, process chargebacks and other related functions*,” he said.“VANs help you eradicate this huge cost, simplifying your work flow through integration and automated reconciliation in real-time.” eNett client, BCD Travel, uses VANs to improve its work flows and cut costs through increased efficiencies, including manual charge-back processing.BCD Travel Chief Financial Officer, Roberto Bettinelli, said “This is the best solution that we have seen. Reconciliation is fast, simple and transparent. Automation allows us to immediately recover the money from hotels that often charge twice or for incorrect amounts.”Mr Hynes said VANs are driven by the emerging needs of agencies, including the growing demand by agencies for best dynamic rates or net-commission rates that require immediate payment. “Traditional payment methods such as cash or cheque may limit your access to more dynamic content or net-commission rates that allow travel retailers to earn immediate commissions. Or, if you pay by corporate cards or store cards, you might incur significant reconciliation issues which can leave you vulnerable to fraudulent use,” he said. “Add opaque foreign exchange and international transaction fees, and it’s not hard to see why VANs are continuing to gain traction in Europe.”VAN payments are immediate and available in 27 currencies, 15 of which can be settled locally, including EUR. eNett’s partners provide transparent and competitive foreign exchange rates in real-time, providing price certainty at the time of booking.*PhoCusWright’s Payments Unsettled Report 2013ENDAbout eNett Virtual Account Number (VAN)A VAN is an automatically generated 16-digit MasterCard number. A unique number is generated at every booking to ensure supplier payments are processed quickly and safely, enabling automated reconciliation at point of sale.  It is safer, more secure and seamlessly integrated within all Travelport GDS and points of sale.About eNett InternationaleNett International is a global provider of dedicated payment solutions for the travel industry.  A joint venture between Travelport and PSP International, eNett uniquely connects travel industry specialisation with payments expertise through a payments platform that reduces risk, improves reconciliation and produces financial, data and efficiency rewards.  Our partnerships with Travelport – a travel commerce marketplace providing distribution, technology, payment and other solutions for the $7 trillion global travel and tourism industry – and MasterCard Worldwide, supply us with unparalleled reach across the travel industry.

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29 May 2014

Clean Cruising & eNett to offer payment solution

MELBOURNE, 29 May 2014: Clean Cruising, an award-winning travel agency specialising in cruises, has adopted eNett Virtual Account Numbers (VANs), as it seeks productivity gains to respond to growing demand in the booming Australian cruise industry.General Manager and Director Clean Cruising, Dan Russell, said that with the phenomenal growth in the Australian cruise market, cruise lines have already increased capacity by 25% for the peak 2015/16 summer holiday season.“With so many more cabins to fill, we wanted to find efficiencies in our work processes to increase productivity,” said Mr Russell, explaining why Clean Cruising partnered with eNett for their VAN payment solution.An eNett VAN is an automatically generated 16-digit MasterCard number for each booking transaction. A unique number is generated for each booking, making it a highly secure way to make supplier payments.eNett - a joint venture between Travelport and PSP International – is including its innovative virtual payment technology to its suite of payment solution offerings for Australian agencies, as it introduces VANs to Australian agents of all sizes through a series of launch events in June.“VANs are a great solution for making immediate payments, particularly relevant for last minute, short duration or flash promotions that require payment at the time of booking,” said Mr Russell. “Cash or EFT payments can’t fulfil such bookings.”“In the past, we used a corporate credit card for such payments, which isn’t practical because of the number of staff we have and in different locations. It’s also very difficult to keep track of all the payments made by different people, making reconciliation laborious and time-consuming,” he said adding that VANS simply sped up payment and reconciliation processes.eNett Managing Director and CEO, Anthony Hynes, said: “I’m delighted that eNett VANs are contributing to the success of Clean Cruising by providing access to dynamic content that requires payment at the time of booking. We’ve listened to agencies and responded to their need for a quicker way to make immediate supplier payments, and we’re pleased that VANs are now filling this void.”“Since introducing eNett VANs to the Australian cruise industry earlier this year, we have already witnessed a remarkable uptake in VANs in this rapidly growing sector, specifically because they fulfil immediate supplier payments, improve reconciliation and reduce risk.”With each eNett VAN generated to pay for a booking, a payment entry is made instantaneously, recording it for automated and seamless reconciliation.Protected by the MasterCard guarantee, eNett VANs reduces risk from unauthorised transactions and supplier default, allowing agencies to pass on this security to their customers without the need to pay for additional insurance.VAN payments are available in 27 currencies, 15 of which can be settled locally, including AUD.As an added benefit for using eNett VANS, agencies have an opportunity to receive a rebate for using eNett VANs.A series of launch events to introduce eNett VANs to Australian agents are being held in Brisbane (24 June), Sydney (25 June) and Melbourne (26 June). For more information on eNett VANs or to register for the events, visit www.enett.com/vansEND.About eNett Virtual Account Number (VAN)A VAN is an automatically generated 16-digit MasterCard number. A unique number is generated at every booking to ensure supplier payments are processed quickly and safely, enabling automated reconciliation at point of sale.  It is safer, more secure and seamlessly integrated within all Travelport GDS and points of sale.About eNett International (www.enett.com)eNett International is a global provider of dedicated payment solutions for the travel industry.  A joint venture between Travelport and PSP International, eNett uniquely connects travel industry specialisation with payments expertise through a payments platform that reduces risk, improves reconciliation and produces financial, data and efficiency rewards.  Our partnerships with Travelport – one of the world’s largest GDS provider – and MasterCard Worldwide, supply us with unparalleled reach across the travel industry.About Clean Cruising (www.cleancruising.com.au)Clean Cruising was launched in 2007 by GlobeNet Travel, a leading full service travel agency, to provide cruise passengers with the best research tools to find their perfect cruise. Supported by a team of accredited cruise specialists, Clean Cruising was recognised as one of CLIA’s Agency of the Year finalists in 2013, and is a finalist for NTIA’s Agency of the Year – Single Location 2014. It has won numerous industry awards including APT Cruises - Gold Agent 2012 and Azamara Club Cruises - Silver Agent 2012

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14 May 2014

NAgencies Look for More Efficient Supplier Payments

Melbourne, 14 May 2014: Agencies looking for more efficient supplier payment methods are driving the global uptake of virtual cards, as eNett International launches Virtual Account Numbers (VANs) to Australian agents following phenomenal growth in Europe.A VAN is an automatically generated 16-digit MasterCard number for each booking transaction, making reconciliation simple for everybody in the value chain.eNett – a joint venture between Travelport and PSP International – is including its innovative virtual payment technology to its suite of payment solution offerings for Australian agencies. While larger agencies have traditionally been the first to access such solutions, this Australian launch makes VANs available to all small and medium-sized agencies.Current trends show that agencies are increasingly dealing directly with suppliers and accessing dynamic content that require immediate payments, accelerating the uptake of virtual card payments to secure their bookings.PhoCusWright’s Payments Unsettled Report 2013 found that while the use of cash and traditional credit cards dominate, two out of five agencies already use or plan to use virtual card payments in the future. More than half cited reduced risk of fraud and supplier default as the major reason for moving to virtual card payments, while one third wanted automated GDS integration.The report also found that payment at the time of booking is rising in both the airline and hotel sectors, at 30% in Asia for airlines and 74% for hotels. And direct relationships between agents and suppliers are increasing, at 40% for airlines and more than 50% for hotels.eNett Managing Director and CEO, Anthony Hynes, said VANs are driven by the emerging needs of agencies who are looking for more content and the best ways to access them.“We are already witnessing a significant shift in direct agency-supplier relationships with low cost carriers moving to the GDS to expand distribution, and hotels moving to dynamic and net-commission rate content. If an agency only makes supplier payments by cash, cheque or debit, they might not be able to access a range of content that gives their customers the best rates. Or if they pay by corporate cards or store cards, they might incur significant reconciliation issues, together with opaque foreign exchange and international transaction fees.“VANs allow an agency to make immediate domestic and international payments, with the security of the MasterCard guarantee that reduces the risk of fraud and supplier default. Besides protecting the agency, the ability to protect the end-user is an additional customer service benefit to differentiate your agency from others. And this comes at no extra cost of using VANs, unlike other protection methods such as insurance,” said Mr Hynes.VAN payments are available in 27 currencies, 15 of which can be settled locally, including AUD. Our partners provide transparent and competitive foreign exchange rates in real-time, providing price certainty at the time of booking.As an added benefit for using eNett VANS, agencies have an opportunity to receive a rebate for using eNett VANs.Agents can find out more about these trends and eNett VANs at www.enett.com/vans where they can also register for events in Brisbane (24 June), Sydney (25 June) and Melbourne (26 June).ENDAbout eNett Virtual Account Number (VAN)A VAN is an automatically generated 16-digit MasterCard number. A unique number is generated at every booking to ensure supplier payments are processed quickly and safely, enabling automated reconciliation at point of sale.  It is safer, more secure and seamlessly integrated within all Travelport GDS and points of sale.About eNett International (www.enett.com)eNett International is a global provider of dedicated payment solutions for the travel industry.  A joint venture between Travelport and PSP International, eNett uniquely connects travel industry specialisation with payments expertise through a payments platform that reduces risk, improves reconciliation and produces financial, data and efficiency rewards.  Our partnerships with Travelport – one of the world’s largest GDS provider – and MasterCard Worldwide, supply us with unparalleled reach across the travel industry.eNett International (Singapore) Pte Ltd AFSL 441376. In Australia, eNett International is not licensed to give advice and the PDS should be considered before acting.

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05 March 2014

eNett Joins Booming Travel Technology Segment At Itb Berlin

SINGAPORE, 5 March 2014: The uptake in Virtual Account Number (VAN) use in the travel industry is driving efficiencies in travel payments.  And travel companies in Europe are leading the charge, as eNett joins one of the world’s largest industry meetings in Berlin.eNett International - a Travelport joint venture and a global provider of specialist payment solutions for the travel industry - is participating at ITB Berlin 2014 from 5 to 9 March.eNett Managing Director Sales, EMEA, Anant Patel, said eNett is pleased to be part of the Travel Technology Segment which continues to expand each year and 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,” he said.At Travelport’s e-volve ’14 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 Mr 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,” he said.  “We listened to the insights uncovered in the research and as a result, we’ve 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 USD1.5 billion a year, eNett VANs can help an agency transacting USD25 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,-Ends -Meet our eNett representatives at the Travelport stand 119, Hall 5.1, Travel Technology SegmentAbout eNett’s Virtual Account Number (VAN)eNett Virtual Account Numbers (VANs) enable smarter and safer payments to suppliers.  Accepted through the MasterCard network, eNett VANs guarantee payment and may provide new revenue for agents when a VAN is used to pay suppliers.  They are integrated with travel booking processes, reducing handling times and making real-time reconciliation a breeze. About eNett International (www.enett.com)eNett International is a global provider of dedicated payment solutions for the travel industry.  A joint venture between Travelport and PSP International, eNett uniquely connects travel industry specialisation with payments expertise through a payments platform that reduces risk, improves reconciliation and produces financial, data and efficiency rewards.  Our partnerships with Travelport – one of the world’s largest GDS provider – and MasterCard Worldwide, supply us with unparalleled reach across the travel industry.

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19 February 2014

Solve Payment Challenges To Grow Agency Market

SINGAPORE, 19 February 2014: Low Cost Carriers (LCCs) are well positioned for growth in the agency market if they are able to address agents’ payments challenges, delegates attending the World Low Cost Airlines Asia Pacific Conference learnt today.eNett Head of Product Strategy, Mark Bowmer, who presented at the conference, said that if agents’ top concerns were met, LCCs would be poised to expand their agency distribution and increase sales.“Low Cost Carriers have significantly changed the industry” said Mr Bowmer. “But until now, they’ve largely focused on the consumer market. To expand distribution and attract the agency market, LCCs will need to solve a number of payment challenges, including reconciliation and cash-flow issues.”A number of LCCs in the region require bonds which can result in agencies having to provide collateral for numerous LCC accounts. This is often not an option for many cash-poor agencies. Alternatively, they avoid the agency portals and book directly on the consumer site, often with the customer’s credit card which is less than ideal for marking-up rates and proving agency expertise.“Being available on the GDS is a good first step to growing their agency customer base,” said Mr Bowmer. “The ability to provide a low cost form of payment that doesn’t require bonding and solve reconciliation and foreign exchange concerns will accelerate this growth.”According to eNett’s analysis of PhoCusWright’s Payments Unsettled Report published last year, manual payments handling and reconciliation cost the industry USD1.5 billion a year with an agency transacting USD25 million, on average, allocating a part-time resource to manage it.eNett Virtual Account Numbers (VANs) automate payments and significantly reduce time spent reconciling invoices or credit card statements to bookings. They are integrated with agency booking flows, including all Travelport GDS, seamlessly linking booking data to unique MasterCard numbers.“An agent can request a VAN either in the GDS or on the LCC website when they’re making a booking and eNett will capture the booking details, simplifying reconciliation for the agent,” said Mr Bowmer. “Reporting is in real-time and VANs can be requested in 28 different currencies, with more to come over the next few months. eNett VANs do not require bonding, in fact we pay rebates on every transaction made using a VAN to pay, generating a new income stream for the agent.”LCCs looking to take advantage of eNett’s agency network will also benefit from guaranteed payment and eliminated credit and agency default risk.  Key Benefits of eNett VANs for Low Cost Carriers:REWARDSAccess all agents in a marketFaster cash flow – no cash delaysEasier to sell due to integration with LCC websites, GDS and other self-booking toolsRECONCILIATIONImproved data for LCC’s agency customersAccess to point of saleSeamless reconciliation of invoices to booking dataREDUCED RISKGuaranteed paymentNo credit riskNo exposure to agency default riskAbout eNett’s Virtual Account Number (VAN)A VAN is generated for every booking to ensure supplier payments are processed quickly and safely, enabling automated reconciliation at point of sale.  It is safer, more secure and seamlessly integrated within an airline’s booking tools.About eNett International (www.enett.com)eNett International is a global provider of dedicated payment solutions for the travel industry.  A joint venture between Travelport and PSP International, eNett uniquely connects travel industry specialisation with payments expertise through a payments platform that reduces risk, improves reconciliation and produces financial, data and efficiency rewards.  Our partnerships with Travelport – one of the world’s largest GDS provider – and MasterCard Worldwide, supply us with unparalleled reach across the travel industry.

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17 February 2014

eNett offers agency distribution at World Low Cost Airlines

SINGAPORE, 17 February 2014: Low Cost Airline executives will learn how eNett’s innovative Virtual Account Number (VAN) payment solution can help them expand their agency distribution and generate more sales, at the World Low Cost Airlines Asia Pacific Conference in Singapore this week.eNett International - a Travelport joint venture and a global provider of specialist payment solutions for the travel industry - is participating at this year’s conference held at the Singapore Suntec International Convention and Exhibition Centre on 18 & 19 February.   Head of Product Strategy at eNett, Mark Bowmer, said eNett is pleased to be part of this year’s conference which will be attended by about 500 delegates.“We are looking forward to working with Low Cost Carriers (LCCs) and their partners, showing them how eNett VANs support their businesses by enhancing distribution and reducing risk,” he said.“At a time when airlines are looking for new ways to expand distribution and sales, eNett has created a complete package of benefits for LCCs with VANs, which includes access to agencies, faster cash flow and guaranteed payment.”Mr Bowmer, who will make a presentation on eNett VANs on 19 February at 1.30 pm, said VANs will give airlines access to travel agents worldwide without costly system changes due to its seamless integration with LCC websites, GDS and other self-booking tools.He added that eNett’s exclusive partnership with MasterCard also presented no exposure to agency default risk and offered LCCs the chance to assist their agency customers with eNett rebates on every transaction.-Ends -Meet our eNett representatives at booth B10About eNett’s Virtual Account Number (VAN)A VAN is generated for every booking to ensure supplier payments are processed quickly and safely, enabling automated reconciliation at point of sale.  It is safer, more secure and seamlessly integrated within an airline’s booking tools.About eNett International (www.enett.com)eNett International is a global provider of dedicated payment solutions for the travel industry.  A joint venture between Travelport and PSP International, eNett uniquely connects travel industry specialisation with payments expertise through a payments platform that reduces risk, improves reconciliation and produces financial, data and efficiency rewards.  Our partnerships with Travelport – one of the world’s largest GDS provider – and MasterCard Worldwide, supply us with unparalleled reach across the travel industry.For media enquiries:eNett International:            Ping Chew, Communications ManagerEmail: ping.chew@enett.com

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18 June 2013

Travel Industry Fails to Understand Costs of Payments

MELBOURNE, AUSTRALIA, June 18 2013 – New research from eNett and PhoCusWright has unearthed an apparent gulf between perception and reality in terms of the true cost of payments in the travel industry. Many see credit card costs as a major concern, but don’t realise that credit cards work out 37% cheaper than alternative payment methods. At the same time, a large proportion of the industry is spending huge amounts of time on manual payment processing and reconciliation, despite the drain this has on resources.The misconception around credit cards stems from the fact that organisations look onlyat merchant fees and airline charges, without considering the cost of manual processing, reconciliation, fraud, processing chargebacks, and reporting on invoices and commissions across multiple payments platforms.These tasks are proving very costly. The research finds that 40% of the industry still operate in this way and for an agency, these processes can cost anywhere between $300 and $6,000 per week. It’s the same for suppliers –the average hotel has 17 staff members spending 18 hours a week. Even using a conservative estimate for average turnover of between $1-5m per annum, for an industry which is estimated to be made up of over 250,000 agency establishments worldwide, equates to a total loss of more than $1.5B per year.Paradoxically, the research also suggests that despite still spending such large amounts of time on manual processes, many in the industry know there must be a better way:-       Unpaid commission is cited as a major risk for 40% of agencies-       40% of agents (and 46% of OTAs) cite fraud as their top payments challenge-       33% understand that better integration with GDS would increase efficiency of payments and lower costs-       26% think they’d be able to reduce admin and reconciliation costs if they could make better use of rich data and reportingAnthony Hynes, Managing Director and CEO of eNett said: “The true cost of payments is a mystery for many travel companies because hidden costs and risks often skew the picture.  We’re releasing three whitepapers over the coming weeks as a series to help the industry take a wider view of payment costs.  The research sheds light on just how much time and resource the industry is outlaying through use of out-dated and inefficient payment and reconciliation processes as well as the costs of supplier default and fraud.  In a recent webinar we hosted, participants agreed that use of newer payment methods, such as Virtual Account Numbers (VANs), could greatly alleviate this situation and help cut costs.  Through integration with the GDS and by creating an individual number for each transaction, VANs eliminate manual payment handling requirements, streamline reconciliation, reduce the need for expensive fraud prevention solutions and ensure that transactions are both efficient and transparent.”*More information, and a playback of the webinar mentioned above can be found here: http://www.enett.com/insightsWhitepapers can be downloaded at www.enett.com/costofpayments For more information please contact: Tim MasihSenior Communications Manager Email: tim.masih@enett.com

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06 May 2013

Travel Industry "Exposed" By Inefficient Payment Systems

MELBOURNE, AUSTRALIA, May 6 2013 - eNett has predicted that the travel industry faces “being left behind” as the cost of out-dated payment systems and payment methods fail to keep up with technology usage in other areas. The research, the first of its kind to explore the views of over 1,500 respondents from across the travel industry globally, found that the sector is not yet fully embracing the transformational power of more innovative payment methods and, as a consequence, agents, wholesalers and tour operators are still facing a number of challenges which impact their ability to compete. The research was undertaken by specialist travel research centre PhoCusWright and the full set of findings will be revealed in a series of eNett and MasterCard whitepapers under the theme of “The Future of Travel Payments”, which brings fresh insight into travel payments trends, challenges and opportunities.  The trends identified in the whitepapers, and the challenges they are causing, will be addressed in a webinar on 7 May (APAC) and 9 May (EMEA and US).*, The research highlights the need for the industry to look beyond standard payment fees and take a wider look at the costs including:  manual processing; reconciliation and reporting; foreign exchange; delayed cash-flow; fraud; and supplier default.  These hidden costs are creating is an unnecessary burden at a time when travel suppliers are already under relentless pressure to cut costs and increase margins.One such example is the cost of reconciliation, with agencies turning over $1million and $5million requiring one part time staff member to manage reconciliation, fraud, chargebacks and related functions.  For larger companies managing over $1billion in bookings, the costs are skyrocketing with an average of 16 full time staff managing payments.Similarly, the research has shed light on the number of agents losing out on unpaid commission, with 40% of respondents saying this is a problem for them. Many of those affected use a settlement service to recover lost hotel commissions, but this comes at a cost of 10 – 15 %. There is light at the end of the tunnel though. The whitepapers identify a number of trends which indicate changes that agents needs to, and are beginning to, make in order to create major efficiencies and strengthen their competitive position as the market evolves. These trends will be discussed in the webinar* and participants will have the chance to:  • Discover the true costs of payments• Learn how to reduce exposure to credit card fraud, surcharges and foreign exchange• See how to improve efficiency with payment processing, integrated within the GDSAnthony Hynes, Managing Director and CEO of eNett said: “The travel industry continues to face a tough climate. A business’s ability to deliver and succeed in this environment will be dictated by how well-placed it is to control costs, minimise risk, utilise its data and ultimately enhance revenue. We appreciate the challenges, and will be debating the solutions in a webinar on 9 May which you can sign up to here http://www.enett.com/insights. Deploying innovative new technology can help deliver the changes needed in a simple and straightforward way, meaning agents and tour operators can focus on doing what they do best – meeting and exceeding the expectations of your customer.”In August 2012, MasterCard Worldwide and eNett International signed a partnership agreement to provide innovative payment and reconciliation solutions for the travel industry through the use of Virtual Account Numbers (VANs). VANs eliminate the need for physical cards and can alleviate the challenges identified in the report by moving agents to one single payment platform which generates a VAN for each transaction needing to be processed. The system makes real-time reconciliation simple, because each transaction now has its own reference. VANs help cost control by offering extensive local currency capabilities – so there are no more hidden foreign exchange rates. They also work with the GDS and self-booking tools as well as low cost carrier websites. The research conducted for the Future of Travel Payments report found that more than half of companies with at least US$100M in annual sales currently support or plan to support virtual cards.  With efficiency and revenue gains as well as cost and risk reducing benefits, smaller agencies should also be looking to diversify their payment options. *More information on the webinar can be found here: http://www.enett.com/insights.It is free to join and the timings are as follows:7 May (APAC) 4pm AEST9 May (EMEA and US) 3pm GMTFor more information, please contact: Name: Marijke Timmers, eNett International,Email: marijke.timmers@enett.comAbout eNett International:eNett International is a global provider of  specialist payment solutions for the travel industry.  A joint venture between Travelport and PSP International, eNett is transforming the world of payments through a payments platform that enhances revenue, reduces risk, improves cost control and enriches data.  Our partnership with Travelport, one of the world’s largest GDS providers, together with other strategic and direct relationships, provides us with unparalleled reach across the travel industry.eNett Virtual Account Numbers (VANs) enable smarter and safer payments to suppliers.  Accepted through the MasterCard network, eNett VANs guarantee payment and provide new revenue for agents every time a VAN is used to pay suppliers.  They are integrated with travel booking processes, reducing handling times and making real-time reconciliation a breeze.  Follow us on Twitter @eNettNews or register at www.enett.com. 

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01 January 0001

eNett International wins Best Online Payments website at the TravelMole APAC awards 2016

eNett International, a leading provider of B2B payment solutions, has been voted Best Travel Payments Solution Provider at the TravelMole APAC awards 2016.Following a preliminary award entry process, eNett’s Virtual Account Number (VAN) payment solution was shortlisted by a special judging panel of industry experts. TravelMole’s readership of 138k travel industry professionals were then asked to vote for the payments provider they thought was best. During the awards ceremony at the Marina Bay Sands hotel Singapore, eNett was announced as the winner, taking the majority of votes.eNett Managing Director and CEO, Anthony Hynes, said, “It’s an honour to win this award, made all the more special by the fact that it’s voted for by travel companies. We developed VANs to provide a fast, safe and easy alternative to traditional payment methods, and bring real benefits to travel companies regardless of size. This award is recognition of that achievement and I look forward to introducing more innovations to bring an ever more frictionless payment experience to our customers and the travel industry as a whole.”TravelMole Publisher, Charles Kao, said, “When it came to putting together a shortlist for travel payments, picking eNett was an easy choice. Its VANs have brought real innovation to B2B supplier payments, and the whole team should be very proud of this win against the best payments providers in APAC. Our readers are the ones actually using these solutions every day, and the fact that they picked eNett speaks volumes.”   An eNett VAN is an automatically generated MasterCard number used for supplier payments. It delivers reduced risk from fraud and supplier default, while automating payments and reconciliation for tangible efficiency gains which lower the total cost of payment. eNett is uniquely positioned to offer these benefits to all travel companies regardless of size or booking platform used, and seamlessly integrates with all major industry booking tools. Today, VANs can be generated in over 30 currencies, and support transactions in over 100 currencies.The TravelMole Awards is the main award event for the Asia Pacific travel industry to recognise the best web, social, mobile and travel technology deployments. The award ceremony took place at ITB Asia, with 10,000 travel industry professionals from 110 countries attending.ENDS

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