PAYMENT solutions provider eNett International and travel technology firm Cornerstone Information Systems have come together to develop a direct hotel billing payment solution for TMCs.
Through the new solution, TMCs can access virtual account numbers (VANs) without the need for lengthy credit assessments, while the solution automatically relays payment instruction and data to the hotel.
By allowing TMCs to do away with a traveller’s personal or corporate credit card, the solution helps them save processing time and improve reconciliation, usage and spend control.
The solution is also available via the Travelport Travel Commerce Platform, so no changes to existing back-end systems are required.
eNett managing director and CEO, Anthony Hynes, said: “We developed eNett VANs specifically to address the inefficiencies of travel payments, making innovative and integrated technology accessible to companies of all sizes. The rapid uptake of VANs globally has been driven by a need for new payment solutions to meet evolving industry needs.”
The solution developed by eNett and Cornerstone offers several low-cost FX options available across 27 currencies, and eNett customers can earn rebates for transactions paid with VANs as soon as they start transacting.