SINGAPORE 30 JUNE 2015: ViaXoft, a software and services company, has partnered with eNett International to offer payments using Virtual Account Numbers (VANs) to ViaXoft’s customers, as part of their end-to-end automated booking workflow.
The partnership has enabled eNett VANs to be integrated into ViaXoft’s ViaXeo software, enabling agents to make multiple bookings and payments seamlessly through a single interface – delivering significant efficiency gains. As part of the integrated offering, ViaXoft’s new and existing customers will also benefit from lower cost and reduced risk when paying by eNett VANs.
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. Backed by the MasterCard guarantee and generating unique numbers for each transaction, eNett VANs provide protection against fraud and supplier default. Agents can also earn a rebate for every transaction1, and benefit from automated reconciliation streamlining the payments process.
ViaXoft Associate Director, Karine Mazet, said, “We only offer our customers innovative solutions which bring real value to their business. VANs do just that, making supplier payments simpler, safer and more efficient. By integrating into our automated booking workflow, it also means fewer processing errors and immediate booking confirmation. Adding this capability to ViaXeo further strengthens our customer value proposition.”
One ViaXoft customer who is already experiencing the benefits of paying with VANs is Frequent Flyer Travel Paris. The founder, Marc Leidelinger, said, “Previously we used our company credit card to pay suppliers, which left us vulnerable to fraud. By opting for VANs through the ViaXeo solution we were able to minimise the risk from fraud, as well as increasing efficiency through automated reconciliation. I would estimate our accounting team has saved four man-hours for every 100,000 Euros transacted.”
eNett Managing Director and CEO, Anthony Hynes, said, “I am pleased to be partnering with ViaXoft, and extending the benefits of VANs to its customers. The estimated US$1.5 billion annual cost of manual reconciliation2 makes efficient payment automation critical. This is why we offer seamless integration of our VAN solution into the workflow.”
VANs reduce this risk of fraud and misuse by eliminating the need for a physical card altogether, generating a unique 16-digit MasterCard number for each transaction.
1. Terms and conditions apply.
2. PhoCusWright Payments Unsettled Report, 2013.
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.