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.
1. Terms and conditions apply
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.