Washington D.C., 25 September 2017 – MSTS has won a contract to a newly launched remittance service that modernizes payments between accredited travel agencies and airlines.
MSTS has been awarded 24 of IATA’s Billing and Settlement Plan (BSP) markets, and it will process payments in those markets by partnering with UATP, the airline-owned travel payment technical solution provider. IATA EasyPay is scheduled to launch with MSTS in four waves, starting with Canada, Hong Kong and Macau in the fourth quarter of 2017. All 24 of MSTS’s markets are expected to roll out by the end of 2019.
“MSTS has nearly 40 years of proven expertise in providing global payment solutions for the aviation industry. We look forward to working with UATP to deliver a cost-effective e-wallet solution that allows for greater payment flexibility for travel agents and faster, more secure payments to airlines,” said Senior Vice President, Martha Salinas, MSTS.
The solution is expected to be well received in countries where cash is the most prevalent payment method for ticket purchases. IATA EasyPay will support a new simpler form of agent accreditation and allows agents to reduce their financial security requirements, enabling them to sell beyond their cash capacity.
“UATP is the only payment solution fully integrated with all IATA BSPs globally, which makes this an ideal partnership with MSTS. IATA EasyPay will enhance payments between airlines and IATA-accredited travel agents,” said Ralph Kaiser, President and CEO, UATP. Both UATP and MSTS are attending the IATA World Financial Symposium in September and will be available to discuss the partnership.
EasyPay is a voluntary pay-as-you-go electronic payment solution developed to offer travel agents an additional secure and cost-effective payment method for tickets issued through the BSP. The e-wallet is a product of NewGen ISS (New Generation IATA Settlement Services), IATA’s approach to improving its BSP settlement system which has been in place since 1971, by delivering simplified processes, lower costs, better protection of funds, new payment methods and a choice of agent accreditation models.
UATP is a global payment solution owned and operated by the world’s airlines and accepted by thousands of merchants for air, rail and travel agency payments. UATP connects airlines to Alternative Forms of Payment which can expand reach and generate incremental sales globally. UATP offers easy-to-use data tools, DataStream℠ and DataMine℠, which provide comprehensive account details to Issuers and Corporate Subscribers for accurate travel management.
Accepted as a form of payment for corporate business travel worldwide by airlines, travel agencies and Amtrak®; UATP accounts are issued by: Aeromexico; Air Canada (TSE:AC) Air New Zealand (ANZFF.PK); Air Niugini; American Airlines (NASDAQ: AAL); APG Airlines;Austrian Airlines; China Eastern Airlines (NYSE: CEA); Delta Air Lines (NYSE: DAL); EL AL Israel Airlines; Etihad Airways; Frontier Airlines; GOL Linhas aereas inteligentes S.A.
(NYSE: GOL and Bovespa: GOLL4); Hahn Air; Japan Airlines (9201:JP); JetBlue Airways; Malaysia Airlines; Qantas Airways (QUBSF.PK); Shandong Airlines; Sichuan Airlines; Southwest Airlines; Transavia Airlines; TUIfly GmbH; Turkish Airlines (ISE:THYAO); United Airlines (NYSE: UAL) and WestJet. AirPlus International issues the UATP-based Company Account for: British Airways (LSE: IAG) and Lufthansa German Airlines.
MSTS is a global FinTech solutions provider specializing in building closed-loop payment networks and technology-focused solutions for transportation and B2B retail clientele. MSTS is a wholly-owned subsidiary of World Fuel Services, a fortune 100 company that specializes in the supply, logistics and financing of transportation fuels and energy products and related services. MSTS is based in Overland Park, Kan. with offices in the Netherlands, Australia and Mexico.
In the news
New integrated payment and credit solution for Decisiv’s Service Relationship Management System
OVERLAND PARK, Kan., May 1, 2018 -- MSTS, a global B2B payment and credit solutions provider, today announced that SVP of Americas and Global Accounts, Martha Salinas has been named to the Commercial Payments International (CPI) Global Advisory Board. Hannah Winans, MSTS Program
Today, there’s a strong market demand for turnkey B2B payment systems as large companies struggle to create a seamless payment experience for their customers. Even those offering an easy payment option for their consumers often lag when it comes to B2B transactions.
Company continues to accelerate business commerce with seamless global payments and local market expertise.
The creation of digital data doubles each year and is expected to continue through 2020. Within this vast array of data are pieces of information that, when combined, offer insights into the viability of a company that can’t be found through traditional methods.
Suppliers are now able to extend revolving lines of credit to their business buyers without any risk, overhead or cash flow concerns.
Overland Park, KS, January 4, 2018 – MSTS has been accepted as a member of BiTA, the Blockchain in Transport Alliance, to aid in the creation of benchmark standards and begin to extract the full potential of the technology in the transportation industry.
Rijswijk, The Netherlands, Nov. 6, 2017 - MSTS Tolls unveils a new Eurovignette Split Payment Solution designed specifically for European Fleets.