IATA Settlement Systems (ISS) are the backbone of the global air transport industry. They enable the swift, reliable, and efficient movement of funds between airlines and their travel partners. In 2017, the ISS settled $433.3 billion.
In 2017, the unrecovered debt target was 0.023%, while the actual performance exceeded that target to reach 0.015%. IATA will still continue to strengthen systems with its transition to New Gen ISS.
IATA Currency Clearance Service (ICCS): Cash management - Centralized control of funds - Quick repatriation of funds
IATA Treasury Dashboard: Supports airline treasuries with their liquidity planning and cashflow forecasting activities
Currency Repatriation: Reduce costs related to the repatriation of sales funds and improve repatriation processes
IATA Financial Gateway (IFG): An omni-channel payment solution that also help airlines create the necessary files for reporting of their travel agent direct sales into the BSP Systems for processing and settlement
IATA Perseuss: Card fraud prevention - Early detection - Data exchange within user community
IATA FraudClear: Fraud Management Gateway - Integrated solutions - PNR access - Automated messages to void, suspend or cancel fraudulent bookings
IATA CardClear: Card sales centralization - Multi-currency submission - All card brands and transaction types
- IATA CardStats: Consolidates airline’s worldwide BSP credit-card transactions into a single report giving quick, clear information on card sales
- iiNET is presently the most comprehensive, flexible and reliable worldwide electronic data exchange and data distribution service available to the industry