Airline Services

IATA Settlement Systems (ISS) are the backbone of the global air transport industry. They enable the swift, reliable, and efficient movement of funds between airlines and their travel partners. In 2013, the ISS settled $387.2 billion.

In 2014, the target is to reduce unrecovered debt to 0.025% from 0.036% in 2013. IATA will also continue to strengthen systems in a transition to New Gen ISS.

Settlement

• IATA Clearing House (ICH): Fast debt collection - Protection against bad debt and bankruptcy

• Billing and Settlement Plan (BSP): Settlement of passenger sales from Travel Agents to Airlines
• NewGen ISS: Transforming IATA's Settlement Systems with industry solutions for Airlines and Travel Agents
• IRIS Consolidated Report: A regional view of an airline's settlements from the BSP
• WebLink is a reporting system that allows airlines to feed travel agent direct sales into the BSP systems for processing and settlement
• Cargo Account Settlement Systems (CASS): Settlement of cargo sales from agents and freight forwarders
• The Ticket Tax Box Services (TTBS): Global reference for taxes levied on passenger air tickets
• Revenue Accounting Tax Database (RATD): Passenger ticket taxes & charges - Revenue accounting to process interline billing
• Sampling: Reduces workload and interline accounting costs - Early finalization of interline settlement
• Exchange Rates: Standard industry rates for sales and interline billings

e-invoicing

• Simplified Invoicing and Settlement (SIS e-invoicing): Electronic Invoicing platform with a direct link to hundreds of airlines and industry core suppliers with optional connection to settlement services. 

Payment

• IATA Currency Clearance Service (ICCS): Cash management - Centralized control of funds - Quick repatriation of funds
• IATA Treasury Dashboard: Supports airline treasuries with their liquidity planning and cashflow forecasting activities
• Currency Coordination: reduce costs related to the repatriation of sales funds and improve repatriation processes

Card Services

• IATA Perseuss: Card fraud prevention - Early detection - Data exchange within user community
• IATA FraudClear: Fraud Management Gateway - Integrated solutions - PNR access - Automated messages to void, suspend or cancel fraudulent bookings
• IATA CardClear: Card sales centralization - Multi-currency submission - All card brands and transaction types
• IATA CardAXS: Settlement of card transactions centralization - Reduction of foreign exchange exposure - Airline specific merchant contract
• IATA CardStats: Consolidates airline’s worldwide BSP credit-card transactions into a single report giving quick, clear information on card sales
• IATA COPS: Credit Card Optimisation Service - Identify and reduce commission fees and service charges

Other Solutions

• iiNET is presently the most comprehensive, flexible and reliable worldwide electronic data exchange and data distribution service available to the industry

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