Collaboration MasterCard & eNett Encourage Innovative Payment Solutions - MasterCard Worldwide and eNett International signed a partnership agreement that provides innovative payment and reconciliation for the travel industry through the use of Virtual Account Number (vans). A partnership is intended to facilitate a high volume of global payments within 5 years and set MasterCard as the exclusive payment partner for all VAN eNett generated in Europe.
Through a press release received Okezone, eNett International, a Travelport joint venture is a global provider of specialized payment solutions for the travel industry. "ENett VAN has gained a great response in the European market and this partnership further strengthens confidence in the product as a travel payment solutions for B2B (business to business). We are very pleased to have the support of one of the drivers in the commercial payment system, "said Anthony Hynes, Managing Director and CEO of eNett International.
MasterCard European Strategic Alliances team saw an opportunity to VAN eNett obtained, where it can meet the needs of the travel industry for faster payment methods are more secure as well as provide increased payment for the reconciliation of invoices / bills. "Our business is very much in line" said Hany Fam, President of Strategic Alliances MasterCard.
"Innovation comes from eNett technical ability and intelligence, combined with the functions of networking and empowerment MasterCard, will be of great benefit to the global travel industry. Currently when there is pressure to reduce costs and increase revenue, new payment technologies and innovative as eNett VAN not only allows agents to focus on increasing revenue rather than administrative matters, these methods will reduce the risk and help the company to gain more of the valuable data they have, he said "
VAN stands for Virtual Account Number. Payments Platform eNett issued a 16-digit MasterCard VAN for specific values or limits, in order to facilitate the payment to the supplier for a transaction or set of transactions. VAN act like MasterCard processed by the supplier at the time so it does not impact on their system.
No comments:
Post a Comment