Click Travel to trial new IATA settlement system

Buying Business Travel | September 19, 2019

Click Travel to trial new IATA settlement system
Click Travel and British Airways have been selected to trial the International Air Transport Association’s new ‘Settlement with Orders’ solution, which is designed to simplify the management of payments.The new B2B settlement system is an extension to and uses IATA’s  and One Order standards, which provide a single reference number for each booking, linking all related transactions.Historically, any changes were given a new, separate ticket number, which then had to be manually cross-referenced.According to Click Travel, Settlement with Orders takes this concept further by allowing third parties to build and develop automated payment processes using the same single reference number.

Spotlight

Financial information of travelers can be easily misused once they have shared it with a retailer for making an online or walk-in purchase. Stolen personal information and even authentic identity documents can be used for acquiring places to stay during a travelling experience and with stolen financial information, cash back requests become a real headache. Ride-sharing services are also at risk of being exploited by identity thieves in the absence of reliable ID verification for travellers.

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Spotlight

Financial information of travelers can be easily misused once they have shared it with a retailer for making an online or walk-in purchase. Stolen personal information and even authentic identity documents can be used for acquiring places to stay during a travelling experience and with stolen financial information, cash back requests become a real headache. Ride-sharing services are also at risk of being exploited by identity thieves in the absence of reliable ID verification for travellers.