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Travel Industry Exchange Settlement Solutions (TIESS)

Cost-effective e-billing and e-settlement

IATA's Travel Industry Exchange Settlement Solutions (TIESS) facilitates the billing and settlement between travel industry suppliers and travel agencies, providing an efficient platform to distribute, validate, collect and process sales.

Building on IATA’s settlement expertise for the travel industry, TIESS is establishing a cost-effective, comprehensive, global service for non-air service providers, managing the billing and settlement of transactions between them.

Benefits

  • No transaction fees for travel agents
  • Online invoicing
  • Prompt reconciliation
  • Global centralized process
  • Significant cost savings
  • Improved customer / supplier partnerships

TIESS Key Features

  • Secured Internet application
  • Electronic bill presentment and settlement to all users on a B2B relationship
  • Personalized printable invoice summaries compatible with all legacy systems
  • Multi-currency settlements
  • Payable settlement method
  • Supplier payment identification

More information on TIESS

Support to new and existing customers

 

 

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