The move will allow Orchestra’s customers to automate payments through the booking workflow, generating efficiency gains as well as providing secure and low cost payments through VANs.
SINGAPORE – eNett International has partnered with leading travel technology company, Orchestra, to seamlessly integrate its Virtual Account Numbers (VANs) into Orchestra’s leisure platform. The move will allow Orchestra’s customers to automate payments through the booking workflow, generating efficiency gains as well as providing secure and low cost payments through VANs.
A VAN is an automatically generated MasterCard number used for supplier payments and can include payment parameters such as amount, currency, date and merchant, making it a more secure way to pay or be paid. Backed by the MasterCard guarantee and generating unique numbers for each transaction, eNett VANs provide protection against fraud and supplier default. Agents can also earn a rebate for every transaction1, and benefit from automated reconciliation delivering significant efficiency gains.
Orchestra CEO, Christian Sabbagh, said, “We aim to bring added value to our customers and real earnings for the entire distribution chain. We were looking for a secure payment solution to match that approach, and eNett VANs do just that.”
eNett Managing Director and CEO, Anthony Hynes, said, “Partnering with an industry leader like Orchestra allows us to expand access to VANs to more agents, and extend its benefits through integration. The estimated US$1.5 billion2 annual cost of manual reconciliation makes efficient payment automation critical. VANs streamline the payments process, and automate reconciliation, allowing agents to spend less time on administration and more time with customers.”
Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales.
She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.