Published on Wednesday, April 18, 2012
EasyJet has entered into a new partnership with payment solutions provider eNett International to launch a virtual card to Travel Management Companies and corporations.
It says the card will offer both IATA and non-IATA agents a more secure and effective means of payment.
Agents signing up through the easyJet channel will receive 0.40% revenue on every payment.
The MasterCard solution guarantees payments, eliminating credit card risk including card misuse, said the airline.
Agents can make bookings on easyJet's website or in the GDS and eNett will generate a unique Virtual Account Number for each booking. The Virtual Account Number details are automatically updated in the booking and can be produced in a variety of currencies.
EasyJet said the virtual card would reduce payment fees for all travel bookings and provide new revenue when agents book easyJet Flexi fares. It will also allow agents to seamlessly reconcile payments and invoices in real-time, said the airline.
Anthony Hynes, eNett International managing director and CEO, added: "Our partnership with easyJet represents the first real opportunity for TMCs and corporates to simplify the easyJet booking process. Additional efficiencies will enable agents to spend less time on payments and reconciliation, and more time on growing their businesses."
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The recent insolvency of Low Cost Travel Group, one of the large players in the travel industry had a big impact on the travelers, hotels and all related players from both wholesale & retail arms. There were about 27,000 people on a holiday who had booked through the company comprised of a €200 million wholesale arm and €500 million OTA / retail arm.