eNett Virtual Account Numbers (VANs) have been selected by MTA – Mobile Travel Agents (MTA) as its preferred form of supplier payment. The Australian owned and operated travel agency group will partner with eNett International, to enable its national network of MTA Expert Travel Advisors, to realise the benefits of a more efficient, rewarding and secure payment solution with VANs.
A VAN is an automatically generated 16-digit MasterCard number used for supplier payments. Because a unique number is used for each new booking or payment transaction, VANs are a secure way to pay or be paid, and are welcomed in each of the 35.9 million locations worldwide where MasterCard is accepted online.
MTA CEO Don Beattie, said the move to partner with VANs was a further example of where the company continues to add functionality to its in-house developed IT System.
“This agreement means all of our travel experts across Australia will be able to access eNett VANs via seamless integration with the MTA Virtual Office,” Mr Beattie said.
“Using VANs as part of their workflow will cut handling time for each booking, speeding up the process of commission payments.”
“And with VANs automatically matching each booking with payment, we are making considerable administrative savings by eliminating inefficient manual processes of reconciling individual credit card payments.”
“Automated reconciliation is equally important to our travel experts, who will now have additional time to spend with their customers.”
Backed by the MasterCard guarantee and allowing users to set defined booking and payment parameters, VANs reduce the risk of fraud while providing protection from supplier default. Sophisticated chargeback capabilities complement MTA’s recently launched Zero Flight Risk guarantee which protects MTA’s clients’ funds in the event of supplier insolvency.
eNett Managing Director and CEO Anthony Hynes, said a key benefit of VANs are their ability to simplify supplier payments, by seamlessly integrating with existing booking and accounts platforms.
“Allowing payments from within the workflow increases efficiency, while allowing agents to spend less time on processing payments, and more time with customers,” he said.
“We are pleased to be making supplier payments simple and easy for MTA’s travel experts and look forward to supporting them with their growth.”