Do you hold an IATA licence?
A new replacement for IATA’s Billing and Settlement Plan (BSP) is to be developed. The replacement will be called NewGen ISS and will cover:
• A range of accreditation models that can better fit travel agent needs;
• IATA EasyPay – a pay-as-you-go e-wallet payment solution for issue of airline tickets in the BSP; and
• Global default insurance – an optional financial security alternative to bank guarantees for travel agents.
A new risk management framework to enable safer selling and mitigate default losses that currently feature in the Billing and Settlement Plan is also in the pipeline.
The new generation is to be developed in order to respond to today’s heavily technology-based travel agent requirements for flexibility, whilst maintaining financial protection of funds paid for airline tickets.