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PriceTravel adopts eNett Virtual Account Numbers to meet demands

October 10, 2013 Technology No Comments Email Email

eNett International – a Travelport joint venture and a global provider of specialist payment solutions for the travel industry – today announced that PriceTravel has begun to use eNett Virtual Account Numbers (VANs) for travel supplier payments.

PriceTravel, Mexico’s innovative online and wholesale travel agency, is using eNett VANs to gain greater control and security over their supplier payments. “We are delighted to form an alliance between PriceTravel and eNett International. With this, we trust that our supplier payments will have the security and efficiency that distinguish both companies,” said Esteban Velàsquez, PriceTravel’s CEO.

Given onerous traditional invoicing processes and increasing demand from the global travel industry to utilize VANs, PriceTravel sought a partner to help them realize operational efficiencies while meeting industry requirements.  The payments provider had to be able to deliver a wide range of capabilities as well as provide speed to market, and eNett International exceeded expectations.  Implementation of eNett VANs was a fast and simple process. “Being part of an industry where the use of virtual card technology is becoming more common, we were looking for the best alternative payment solution in terms of expertise and reach across the industry,” said Esteban Velàsquez. “eNett’s travel industry specialization and local expertise, as well as their ability to respond and deliver quickly for us, was what stood out for us,” he added.

PriceTravel represents another win for eNett’s reach into Central and South America. “Virtual cards are in their infancy in the region, and eNett is excited to be a part of the expanding adoption.  Travel and tourism is a large component of Mexico’s GDP and so it is important that eNett provides solutions that support the industry’s growth and sustainability,” said Anthony Hynes, eNett International’s CEO and Managing Director.
Accepted through the MasterCard network, an eNett VAN is generated for every booking and guarantees payment.  For PriceTravel, the process is seamless – they are able to make bookings without any changes to existing processes because the VAN is generated automatically via an API with the eNett Payments Platform. Real time reporting is available immediately and booking data is included on the statement, making reconciliation seamless.

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