redefining payments in eastern europe€¦ · 21–26 hrs $1.5 bn p.a. spent on manual processing...
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Copyright © 2015 eNett International (Singapore) Pte Ltd. Confidential and proprietary
REDEFINING PAYMENTSIN EASTERN EUROPE
Tony Hart
9th June 2015
Copyright © 2015 eNett International (Singapore) Pte Ltd. Confidential and proprietary
Solving the
inefficiencies of B2B payments
eNett provides B2B payment solutions Specialised for the travel industry
Travelsuppliers
Travel agents
Copyright © 2015 eNett International (Singapore) Pte Ltd. Confidential and proprietary
Partnering with the best in the business
Deep travel domain expertise
Deep payments knowledge
One of Europe’s leading virtual card issuers
Enables businesses to:
Reduce operational overheads
Simplify operations
Transform a cost centre into a revenue stream
Provides access to 35.9 million payment locations
online, wherever a supplier accepts MasterCard online
Direct integration into the Travelport Travel Commerce Platform –making payments from within the agency booking flow
Global network of:
Over 67k travel agents
Over 500k travel providers
Broad, highly scalable payments infrastructure
Copyright © 2015 eNett International (Singapore) Pte Ltd. Confidential and proprietary
The Eastern European travel payments landscape
96European airlines went out of business between 2000 and 20102
Average spent per agent, per week on reconciliation
Equivalent of US$630–$6,2402
21–26 hrs $1.5 bnP.a. spent on manual processing and reconciliation2
40%Cite fraud as their top payment challenge2
1 Oxford Economics 2015
2 PhoCusWright Payments Unsettled Report, 2013
EE agents more likely to cite card fraud as a problem2
EE 2nd highest rate and intent to adopt alternative forms of payment2
Majority of EE countries showing solid economic growth1
EE has a higher rate of cash and cheque transfers2
Copyright © 2015 eNett International (Singapore) Pte Ltd. Confidential and proprietary
Why use eNett VANs?Unique and automated payment process created for the travel industry
Unique 16 digit Mastercardnumber generated for each supplier payment
V
Virtual
A
Account Number
N
Booking parameters set by agent on payments platform, offering greater control
Copyright © 2015 eNett International (Singapore) Pte Ltd. Confidential and proprietary
Why use eNett VANs?Unique and automated payment process created for the travel industry
Provides you with…
R R R
Copyright © 2015 eNett International (Singapore) Pte Ltd. Confidential and proprietary
The 3Rs of eNett VANsAnd what it can do for your organisation
Reduced risk of both fraud and supplier default
Variety of foreign exchange options to reduce exposure
Reduced risk Rewards
Lower cost virtual card solution
Access to even more content
Rebates available from the first transaction*
Reconciliation
Automatic reconciliation in real-time
100% data match between booking and payment
R R R
*Terms and conditions apply
Copyright © 2015 eNett International (Singapore) Pte Ltd. Confidential and proprietary
Payments without VANsCan make the process very complicated
TravelsuppliersTravel agent
pays suppliers without VANs Cheque
Bank Transfer
Card
Copyright © 2015 eNett International (Singapore) Pte Ltd. Confidential and proprietary
Lacks speed
Lacks security
Manual reconciliation
Reduced accessibility to dynamic content and rebates
Large bonds required impacting cash flow
Expensive bank fees
Cheque
Payments without VANsCan make the process very complicated
Travel agent pays suppliers without VANs
Bank Transfer
Card
Copyright © 2015 eNett International (Singapore) Pte Ltd. Confidential and proprietary
How VANs workSecurity and efficiency for agents paying any travel supplier
Travel agent pays suppliers
using VANs
eNett provides reconciled report
to travel agent
Travelsuppliers
Copyright © 2015 eNett International (Singapore) Pte Ltd. Confidential and proprietary
Fast
Secure
Automated reconciliation
Access to dynamic content and rebates
No bond requirements
Lower cost
Payments with VANsSimplifies and automates the process
Copyright © 2015 eNett International (Singapore) Pte Ltd. Confidential and proprietary
Access a broad currency capabilityAt a lower cost
More choice
Low cost
More control
Less risk, more price certainty
Different models for different FX needs/sophistication
AUD, NZD, FJD, XPF
USD, CAD, MXN
HKD, SGD, THB, MYR, JPY, IDR, PHP, KRW, TWD
EUR, GBP, DKK, NOK, SEK, CHF, HUF, PLN, CZK
AED, ZAR
Currency suite
29 currencies
15 local currencies
14 non-local currencies
BRL, ARS
Copyright © 2015 eNett International (Singapore) Pte Ltd. Confidential and proprietary
The eNett Payments Platform
eNett API
Travelport Travel Commerce Platform
Batch CSV Upload
agoda pro portal
Hotel Direct Billing
Generate VANs from within your existing booking flowWith seamless industry integration
Third party suppliers
Copyright © 2015 eNett International (Singapore) Pte Ltd. Confidential and proprietary
Requesting a VAN from Smartpoint
Copyright © 2015 eNett International (Singapore) Pte Ltd. Confidential and proprietary
The best in the business using eNett VANsAcross the EMEA travel industry value chain
TMC
OTA
Leisure
Leisure/TMC
Suppliers
Copyright © 2015 eNett International (Singapore) Pte Ltd. Confidential and proprietary
SkytoursGermany
Implementing eNett VANs has allowed us to more efficiently and cost effectively make payments to a wider range of suppliers located throughout Europe and around the world…
VANs have also aided our international expansion into the US market, by enabling us to make online payments to new suppliers with ease and improved security.
Rudi Seiberlich, Chief Executive Office of Skytours (April 2013)
Challenge
International payment process was complicated and reconciliation expensive
Copyright © 2015 eNett International (Singapore) Pte Ltd. Confidential and proprietary
SkytoursGermany
Results
Enabled expansion into new markets at a lower cost
Implementing eNett VANs has allowed us to more efficiently and cost effectively make payments to a wider range of suppliers located throughout Europe and around the world…
VANs have also aided our international expansion into the US market, by enabling us to make online payments to new suppliers with ease and improved security.
Rudi Seiberlich, Chief Executive Office of Skytours (April 2013)
eNett solution
eNett Payments Platform integrated into existing systems
Copyright © 2015 eNett International (Singapore) Pte Ltd. Confidential and proprietary
travelplanet24 Supplier Default
Challenge
Travelplanet24 required safer payment option after an airline they were using went bankrupt
Copyright © 2015 eNett International (Singapore) Pte Ltd. Confidential and proprietary
travelplanet24 Supplier Default
Results
eNett VANs are backed by the MasterCard guarantee
Unique numbers are generated for each transaction, minimising risk of fraud
Protection from supplier default
eNett solution
eNett VANs implemented for improved security
Copyright © 2015 eNett International (Singapore) Pte Ltd. Confidential and proprietary
For more information and to register
www.enett.com/travelport
Next steps
Copyright © 2015 eNett International (Singapore) Pte Ltd. Confidential and proprietary
TonyHart
+44 7587 034991
tony.hart@enett.com
Sales Manager, EMEA
eNett International (Singapore) Pte. Ltd. (eNett). In Australia, eNett (ARBN 161 362 661) holds an AFSL number 441376 and is not authorised to provide financial product advice other than general advice in relation to its own products. You should consider the PDS before acting.
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