eNett outlines how VANs can drive growth for agents

February 10, 2016

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

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