iAlbatros Enhances Corporate Customer Service VANs
October 1, 2014
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.
About 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.