VANs are 16-digit MasterCard numbers uniquely generated for each transaction, making it a secure way to pay.
MILAN & LONDON – Ventura SpA., a leading Italian travel management and services company, has partnered with eNett International to replace traditional card payments with Virtual Account Numbers (VANs). Seamlessly integrated with the GDS, Ventura’s agents can now make payments and bookings through the same workflow, and automate reconciliation. Since implementing VANs, Ventura SpA. has been able to save time and resources equivalent to two full-time employees.
Turning over 250-350m euros annually and employing over 320 staff, Ventura SpA. is one of the largest Travel Management and Travel Services provider in Italy. Making thousands of transactions online and via GDSs, Ventura SpA. found a lot of time was being wasted manually processing and reconciling payments. As well as costing time and money, it had led to incidents of credit card misuse. Ventura SpA. wanted a solution that would streamline the process through automation, as well as minimise the risk of fraud. eNett provided a solution with eNett VANs.
VANs are 16-digit MasterCard numbers uniquely generated for each transaction, making it a secure way to pay. Using a simple API, VANs were easily integrated with Ventura’s accounts and booking platforms, enabling staff to make GDS bookings and payments from within the same workflow. Ventura SpA. employees can now make multiple bookings and generate VANs for payments without having to leave their desktop. For secure payments through supplier websites, VANs are easily generated through the eNett Payments Platform, and accepted wherever a MasterCard is online. Since using VANs, the business has reported 100% reduction in the incidents of fraud. And together with automated reconciliation, Ventura SpA. is able to save time and resources equal to two full-time employees.
Ventura SpA. Chief Finance Officer, Roberto Bettinelli, said, “VANs allowed us to streamline the payments process, automate reconciliation while minimising the risk of fraud making it an easy choice for us. The support team at eNett made the API implementation simple and trouble-free without the need to change our existing systems. Our staff can now use the time saved through automation, servicing our customers and growing our business. And the efficiency savings combined with the rebate on transactions mean moving to VANs has made a positive contribution to our bottom line.”
eNett Managing Director and CEO, Anthony Hynes, said, “eNett is dedicated to lowering the cost and complexity of supplier payments, which is a key priority for today’s global travel companies. eNett VANs integrate with all the leading booking and accounts platforms, enabling payments to be made directly within the workflow, resulting in a fully streamlined payment and reconciliation process. We are pleased to be supporting Ventura SpA. in achieving cost and efficiency savings, enabling it to provide the best value to its customers."
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