SINGAPORE, 8 SEPTEMBER 2015: eNett International has partnered with leading travel technology company, Orchestra, to seamlessly integrate its Virtual Account Numbers (VANs) into Orchestra’s leisure platform. The move will allow Orchestra’s customers to automate payments through the booking workflow, generating efficiency gains as well as providing secure and low cost payments through 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 delivering significant efficiency gains.
Orchestra CEO, Christian Sabbagh, said, “We aim to bring added value to our customers and real earnings for the entire distribution chain. We were looking for a secure payment solution to match that approach, and eNett VANs do just that.”
eNett Managing Director and CEO, Anthony Hynes, said, “Partnering with an industry leader like Orchestra allows us to expand access to VANs to more agents, and extend its benefits through integration. The estimated US$1.5 billion2 annual cost of manual reconciliation makes efficient payment automation critical. VANs streamline the payments process, and automate reconciliation, allowing agents to spend less time on administration and more time with customers.”
1. Terms and conditions apply.
2. eNett analysis of PhoCusWright Payments Unsettled Report 2013 and IATA.
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.