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.”
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 visit www.enett.com
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Communications Manager on +44 (0)7557 319 214 or Tim.Masih@enett.com
Licensed 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.