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NewGen ISS

NewGen ISS

The New Generation of IATA Settlement Systems (NewGen ISS) will transform the current ISS business model which facilitates the distribution and settlement of funds between travel agents and airlines.

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 Accredited travel agents in a BSP (Billing and Settlement Plan) benefit from selling international tickets to a given market on behalf of the participating airlines and access to a single standard interface for invoicing and payment to carriers. However the main rules of the BSP were established decades ago, using a one-size-fits-all approach, and no longer address the different needs, concerns and risks faced by travel agents today.

NewGen ISS is proposing to move from the current single accreditation model to offer greater flexibility through the introduction of three models of accreditation. Agents will be able to choose the model most applicable to their business, as well as to convert across models as their business evolves.
The proposed models are as follows:

  • GoGlobal Accreditation (Multi-Country Accreditation): a “one-stop-shop” accreditation for agents with operations in multiple BSPs. Multi-Country agents will meet a single global set of requirements and criteria, established in Resolution, and will be able to accredit all their locations worldwide under a single Passenger Sales Agency Agreement.
  • GoStandard Accreditation (Standard Accreditation with Cash Facility): This model corresponds most closely to the current accreditation, and is for agents operating in a single country. In addition to the accreditation requirements established in Resolution, agents under this model comply with the Local Financial Criteria of the BSPs in which they operate and undergo annual financial reviews. These agents will have access to all the BSP forms of payment, cash, credit card and IATA EasyPay
  • GoLite Accreditation (Standard Accreditation with No-Cash Facility): For agents that do not require a cash facility in the BSP, i.e. access to cash sales, and will ticket only using IATA EasyPay and/or credit card, this model offers an easier accreditation. As there is limited financial risk, the financial requirements are minimal.

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