Airline services

IATA offers a wide range of financial products to protect its members’ money, reduce their costs and improve efficiency.

Settlement

• IATA Clearing House (ICH): Fast debt collection - Protection against bad debt and bankruptcy
• Simplified Interline Settlement (SIS): Interline billing and settlement processes optimization - Direct link to hundreds of airlines - Remove paper
• e-Invoicing: Electronic invoicing service - Legal and Tax compliant
• Travel Industry Exchange Settlement Solution (TIESS): E-billing - Legal and Tax compliant
• Exchange Rates: Standard industry rates for sales and interline billings
• Billing and Settlement Plan (BSP): Settlement of passenger sales from travel agents to airlines
• BSP link: Global web-interface for travel agents and airlines - Access to IATA BSP functionalities - Facilitates participant’s interaction
• Cargo Account Settlement Systems (CASS): Settlement of cargo sales from agents and freight forwarders
• CASSLink: Global web-based data processing and customer management system - Facilitates participant’s interaction
• The Ticket Tax Box Services: 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
• First & Final Interline Billing: Provides accurate coupon values for Interline Billing and Settlement

Payment

• IATA Currency Clearance Service (ICCS): Cash management - Centralized control of funds - Quick repatriation of funds
• Currency Coordination: reduce costs related to the repatriation of sales funds and improve repatriation processes
• Enhancement and Financing (E&F): Recovery rates increase - Administrative costs reduction - Financial reporting improvement

Card Services

• IATA Perseuss: Card fraud prevention - Early detection - Data exchange within user community
• 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: CreditCard Optimisation Service - Identify and reduce commission fees and service charges
• IATA RevAssure: Reduces revenue leakage in payment processes thanks to fraud management analytics, payment reconciliation, a dedicated chargeback management team.

Other Solutions

• WebLink is a reporting system that allows airlines to feed travel agent direct sales into the BSP systems for processing and settlement
• Accessible worldwide, iiNET is presently the most comprehensive, flexible and reliable electronic data exchange and data distribution service available to the industry