FEATURES AND ADVICE

IDEMIA ID2Travel Delivers End-To-End Frictionless Biometric Travel Experience in North America

IDEMIA I&S North America | December 07, 2021

IDEMIA D2Travel Delivers
IDEMIA I&S North America, the leading identity security and authentication solutions provider, announced  the first-of-its-kind travel platform, ID2Travel is launching in North America. ID2Travel is the only interoperable traveler identity platform covering the entire passenger facilitation ecosystem, already proven by IDEMIA and partners around the globe.Based on identity management and biometric identification, ID2Travel is a passenger facilitation solution that improves the traveler experience to deliver efficient, secure and frictionless travel. The platform is interoperable and can be deployed as part of the airport, airline, port or any travel-based infrastructure, or through IDEMIA's patented and National Institute of Standards and Technology (NIST)-rated biometric capture solutions. The passenger experience from check-in and across every touchpoint in the travel experience uses identity proofing that leverages mobile enrollment with secured digital credentials on the traveler's mobile device, biometric devices, and technology back-end services.

"ID2Travel is transforming the entire travel experience,Prior to COVID, Americans took approximately 2.3 billion trips, over a one-year period, and this makes the need for the passenger experience to be even more frictionless and seamless as we return to pre-pandemic travel patterns. With that experience and privacy in mind, the timing couldn't be more ideal to launch our ID2Travel offering in North America to improve passenger flow and maintain a touchless experience, while balancing interoperability throughout the broader travel ecosystem."

-Lisa Sullivan, Senior Vice President, Travel and Transport, IDEMIA I&S North America

Passengers can enroll using a mobile device from home by scanning a state ID or passport, and then taking a selfie to do a 1:1 match. Once submitted for enrollment, travelers will be able to use biometrics to securely and simply move through the airport to their gate and beyond in their travel experience.

The IDEMIA solution also allows passengers to opt out and remove their enrollment at any time and all data is immediately removed from the system, empowering the traveler to take full control of their personal identity information (PII).  IDEMIA is the only company that has successfully delivered a complete biometric enrollment to gate frictionless passenger facilitation solution (Fast and Seamless travel at Changi by IDEMIA, Aéroport Paris Orly, a biometric journey from check-in to boarding, Iceland's Comprehensive Entry/Exit System with IDEMIA).For more information visit: https://www.na.idemia.com/id2travel

About IDEMIA I&S North America
IDEMIA I&S is a leader in identity security and authentication services to governments and private companies, operating in North America. Our mission is to help people access what matters most more quickly, more safely, and more securely, in both the physical and the digital worlds. Our best-in-class technology helps to authenticate and secure physical and digital transactions. IDEMIA is recognized by the National Institute of Standards (NIST) as a top-ranking participant in the Institute's passenger facilitation simulation testing as well as in its regular Face Recognition Vender Test (FRVT) rankings, reinforcing the trustworthiness and reliability of IDEMIA's facial recognition solutions for government and consumers alike.

Spotlight

We’ve never had more ways to instantly connect with people halfway around the world, and yet we’ve never been so keen to meet our overseas colleagues, business partners and customers face to face. Traveling is at the heart of what we do and we believe business travel and creating these opportunities for our employees, customers and companies worldwide to interact in person brings great value. According to the Global Business Travel Association, global business travel spend is set to reach $1.7 trillion in 20221.

Spotlight

We’ve never had more ways to instantly connect with people halfway around the world, and yet we’ve never been so keen to meet our overseas colleagues, business partners and customers face to face. Traveling is at the heart of what we do and we believe business travel and creating these opportunities for our employees, customers and companies worldwide to interact in person brings great value. According to the Global Business Travel Association, global business travel spend is set to reach $1.7 trillion in 20221.

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TRAVEL TECHNOLOGY, DESTINATION AND TOURISM

TreviPay Launches TreviPay Aviation Network with Global Payment Card Solution

TreviPay | October 19, 2022

TreviPay, the global B2B payments and invoicing network, announced its launch of the TreviPay Aviation Network, powered by KHI, to offer a co-branded, closed-loop card solution tailored to the needs of FBOs (fixed-base operators) and flight support service organizations who service the general and defense aviation industries, and their customers. KHI, an affiliate of TreviPay, is a trusted payments expert in the government, commercial aviation, and marine fuel bunkering markets. By layering TreviPay’s payments technology onto KHI’s merchant network, the companies will provide clients the ability to issue customers a co-branded card that is accepted across the world’s most comprehensive network of aviation suppliers. The TreviPay Aviation Network offers simplified, consolidated billing of all aviation expenses such as fuel and ground services. The highly competitive aviation industry, which runs on an inter-dependent network of vendors and merchants, includes aviation customers who are looking for support in securing fuel and services while providing the best value to retain its customers and business partners. The TreviPay Aviation Network is the result of TreviPay combining its rich experience in payments and invoicing technology with KHI’s comprehensive global network of 7,000 ICAO locations and more than 22,000 terminals in 220 countries and territories transacting in 56 currencies. “The TreviPay Aviation Network will leverage TreviPay’s proprietary technology and KHI’s network to allow FBOs and trip support services organizations to offer outstanding payments and invoicing convenience to their customers, even as those customers travel beyond the FBOs’ locations, The TreviPay Aviation Network will help FBOs to grow, drive loyalty and increase their customers’ purchasing power around the world.” -Brandon Spear, CEO of TreviPay. The TreviPay Aviation Network, powered by KHI, will drive efficiencies and commerce for FBOs and aviation customers alike: FBO Benefits Ability to issue a co-branded card solution provided by a trusted, agnostic provider Drive competitive advantage: A branded card will deliver billing and pricing alliances to clients, and will also allow FBOs to track customer purchasing activity and issue loyalty rewards Easy invoicing and service specialized for aviation: The TreviPay Aviation Network will eliminate the need for FBOs to chase paper receipts to invoice their customers. The entire invoicing process is digitized and streamlined. TreviPay manages the processing, invoicing, AR, support, disputes, collections, and reconciliation, thereby freeing up FBOs’ time and capital to run their business. And the network is built specifically for the aviation industry; invoices are customized with every detail – even the tail number of the plane Save money versus open-loop options: The TreviPay Aviation Network’s closed-loop card will save FBOs considerably on fees versus offering an open-loop card Cardholder Benefits A single card that can be used everywhere: Cardholders will be able to use a global aviation payment card that is accepted by all vendors at an FBO within the KHI network. FBO customers will no longer struggle to pay multiple service providers for one landing Tail-specific reporting and prompt receipts: Customers will receive timely billing with a single, consolidated invoice per stop, which includes transactional data to Level III, with tail number streamlined reconciliation. 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TRAVEL TECHNOLOGY, AIRLINES AND AIRPORTS

IDnow joins Accelerate@IATA to shape the future of seamless air travel

IDnow | September 13, 2022

IDnow, a leading European identity proofing platform provider, is pleased to announce its participation in the International Air Transport Association's (IATA) Accelerate@IATA 2022 accelerator program. IDnow is working with IATA and its members, providing expertise and regulatory know-how in the field of identity proofing and digital identity. Together, IATA and IDnow are working on the shared goal of making flying more seamless and low-touch for passengers, while lowering fraud risks for airlines. IATA is the trade association for the world's airlines, representing some 290 airlines or 83% of total air traffic. As a leading industry association, IATA is shaping industry standards and the future of aviation. Through the Accelerate@IATA program, IDnow is contributing to the IATA One ID working group. The goal of IATA One ID is to set industry standards that further streamline the passenger journey with digitalization of admissibility and a contactless process through secure biometric enabled identification. Under the One ID vision, upon completing document checks remotely, passengers will be able to arrive at the airport ready to fly and proceed through each airport touchpoint via simple biometric recognition. The objective is to achieve a truly interoperable global system across airports, airlines and governments. IDnow is collaborating with airlines and other technology providers members of the IATA Think Tank on a white paper about the application of digital identity in the air travel industry. In parallel, a proof of concept is being developed to show how digital identity can support people with reduced mobility with traveling, and airlines and airports to prioritize the required staff for the necessary support. We are very pleased to have IDnow participation in the heart of industry innovation conversations. IDnow brings their expertise on the secure decentralized digital identity to support the airline industry for the journey to customer-centricity. – Kat R. Morse, Senior Manager Innovation, Partnerships and Events at IATA. "We understand that in the modern air travel industry, digital identities have a huge potential to shape a whole new traveler experience. From lowering the fraud risk for airlines, to creating a more seamless and low-touch experience for passengers and offering a GDPR compliant solution for storing and sharing of biometric pictures for airports and other players – Digital identity is the key. We are excited and proud to have been selected by IATA to work together and to partner with some of the most prestigious airlines of the world to shape the future of air travel", -Michael A. Binner, Director Digital Identity at IDnow. About IDnow IDnow is a leading identity proofing platform provider in Europe with a vision to make the connected world a safer place. The IDnow platform provides a broad portfolio of identity verification solutions, ranging from automated to human-assisted from purely online to point-of-sale, each of them optimized for user conversion rates and security. In 2021, IDnow acquired the French market leader for identity technology, ARIADNEXT, and the German identity Trust Management AG, enabling IDnow to offer its customers one of the broadest identification solutions through a single, integrated platform. The company has offices in Germany, United Kingdom, France, and Dubai and is backed by renowned institutional investors, including Corsair Capital and Seventure Partners. Its portfolio of over 900 international clients, spans a wide range of industries, and includes leading international players, such as Western Union, UBS, Sixt and Munich Re, as well as digital champions like N26, Solarisbank, wefox and Tier mobility.

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DESTINATION AND TOURISM

Taconic Capital Advisors and HEI Hotels & Resorts Jointly Acquire Hyatt Regency Jersey City

Taconic Capital Advisors LP and HEI Hotels & Resorts | December 05, 2022

Taconic Capital Advisors LP (“Taconic”) and HEI Hotels & Resorts (“HEI”), announced that they have jointly acquired Hyatt Regency Jersey City from affiliates of Hyatt Hotels Corporation (NYSE: H) and Veris Residential Inc. (NYSE: VRE). The property is a full-service, 351-key hotel located adjacent to Exchange Place situated on a pier extending over the Hudson River in Jersey City, NJ.In conjunction with the purchase, Taconic and HEI were successful in assuming a $100 million fixed-rate CMBS mortgage with ample remaining term. The hotel was completed in 2002 and more than $15 million in subsequent upgrades have been performed since 2010. Major enhancements to the guestrooms, food and beverage outlets and event spaces are expected to commence under the new ownership. Hyatt Regency Jersey City occupies fee simple real estate with unmatched and undisturbed views of the Manhattan Skyline. The property features well-appointed guestrooms, a state-of-the-art gym and indoor heated pool, a restaurant and lounge and 20,000 square feet of meeting space that has long served as a popular venue for corporate retreats, weddings, and social gatherings. The hotel is centrally positioned amongst 28 million SF of office space within a one-mile radius and is conveniently located near world-famous attractions, including the Statue of Liberty, Ellis Island, One World Trade and the 9/11 Memorial. “We are pleased to further our partnership with HEI and begin an exciting relationship with Hyatt. Hyatt Regency Jersey City was a compelling opportunity to acquire a world-class hotel with a strong segmentation mix and a diverse set of revenue contributors, The highly accretive assumable financing allowed us to continue our thesis for well-located urban, upscale hotels in an otherwise prohibitive financing environment.” -Andrew Lam, a Director in Taconic Capital Advisors’ Commercial Real Estate Group Hyatt Regency Jersey City is a wonderful property with a rich legacy that has greatly benefitted from Jersey City’s rapidly expanding corporate base as well as the revitalization of Hudson Yards and Lower Manhattan, said Clark Hanrattie, Partner at HEI. We are proud to team with Taconic on this important transaction and we are looking forward to making the hotel the very best it can be. The joint acquisition of Hyatt Regency Jersey City follows Taconic and HEI’s March 2022 purchase of the Westchester Marriott in Tarrytown, NY, a 15-acre property that offers 444 guestrooms and 21 event rooms for a total of 26,700 SF of conference and meeting space, including a 9,000 SF ballroom. Over the past two years, Taconic has been involved in hotel transactions throughout the capital structure, spanning over 20 properties totaling more than 5,000 keys. About Taconic Capital Advisors Taconic Capital Advisors (“Taconic”) is a global institutional investment firm that pursues an event-driven, multi-strategy investment approach designed to generate strong, risk-adjusted returns over multiple market cycles. Taconic was founded in 1999 by former Goldman Sachs partners Frank Brosens and Ken Brody. The firm has approximately $8 billion of total assets under management with offices in New York, London and Hong Kong and more than 100 employees worldwide. Taconic’s full-service commercial real estate platform invests in all asset classes and across the capital structure in both public and private markets. The strategy’s brand mandate offers flexibility to capitalize on shifting market opportunities, creating uncorrelated risk-adjusted return profiles for investors. Rooted in distressed and opportunistic investing, the team applies high-touch asset management capabilities to drive strong asset-level performance and capital market executions. Well-established relationships drive Taconic’s unique and diverse transaction sourcing channels which include local operating partners, investor partners, and a broad network of lenders, CMBC special servicers, trading desks, and brokerage houses. Taconic’s series of closed-ended real estate funds are fully discretionary and have received over $1 billion in capital commitments. Investments to date across all Taconic funds total over $3 billion of gross asset value across approximately 175 distinct transactions. About HEI Hotels & Resorts Founded in 1985, HEI is an established expert on Luxury, Upper-Upscale, and Upscale hotels in Urban, Super-Suburban, and destination Resort locations across branded, soft-branded and independent lifestyle categories. The company’s portfolio currently includes 90-plus assets, representing more than 28,000 keys across approximately 30 different capital partners. HEI continues to be one of the most active investors in, and managers of, institutional-quality hotel assets across the US.

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