Click Travel to trial new IATA settlement system

Buying Business Travel | September 19, 2019

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

Travel & Tourism is one of the world’s largest and fastest growing sectors, generating over US$2.3 trillion in direct contribution to global GDP in 2016. Together with the value of the supply chain in the form of indirect and induced impacts, the sector contributed 10.2% to world GDP in 2016.

Spotlight

Travel & Tourism is one of the world’s largest and fastest growing sectors, generating over US$2.3 trillion in direct contribution to global GDP in 2016. Together with the value of the supply chain in the form of indirect and induced impacts, the sector contributed 10.2% to world GDP in 2016.

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