January 24, 2017
Innstant Travel, a leading provider of online travel wholesale and technology and eNett International, a global provider of dedicated B2B travel payment solutions, today announced a strategic partnership that will allow Innstant Travel to expand the use of eNett Virtual Account Numbers (VANs) across its global network.
Travel Agents and corporates who make bookings through the Innstant Platform now have the option to benefit from more efficient lower cost payments with eNett Virtual Account Numbers (VAN). A VAN is a 16 digit MasterCard number that can be used to pay suppliers securely. By integrating with travel agency booking and back-end accounting tools, VANs allow payments from within the booking workflow, making payments fast, safe and easy. Added to automated reconciliation and a rebate on transactions1, VANs deliver significant cost and time savings.
Darryl Ismail, CEO Innstant Travel, said: "Our partnership with eNett will help our travel agents and corporate partners to reduce their costs by allowing them to pay with a more affordable and efficient payment method. VANs provide the perfect solution, to help their business grow by enabling them to better manage efficiencies, costs and risks.
He added: "It is also testament to our ongoing commitment to support and grow our global strategic partner network and deliver products and innovative technology solutions in line with the market opportunities. In 2017, we expect a significant number of our global travel partners to switch to eNett VAN payments.”
eNett Managing Director and CEO, Anthony Hynes, said, “Travel companies don’t have to waste valuable time and resources on unnecessary manual reconciliation and payment processing. VANs provide an alternative to outdated payment methods, streamlining and automating the payments process to make transactions simple and easy. I look forward to working with Innstant Travel in bringing the benefits of VANs to its entire global network.”
1. VANs terms and conditions apply