International Air Transport Association selects JR Technologies payment solutions

JR Technologies has entered into an agreement with the International Air Transport Association (IATA) to design, develop, host, and operate the IATA Financial Gateway (IFG) payment solution, the tech company said.

The turn-key information technology solution will simplify IATA´s shopping-to-cash process. IFG introduces a universal payment gateway allowing members to manage and optimize their diverse sales payment processes through a single global platform regardless of their network, business partners and distribution channels.

The solution is fully integrated with the Weblink for agency sales reporting to the IATA Billing and Settlement Plan (BSP), further facilitating the early adoption by airlines, GDS, and travel agencies.

Through its strategic partnership with JR Technologies, IATA will have access to intellectual knowledge in line with leading best industry practices and benefit from continuous improvement in services and reduction of IATA´s associated costs.

JR Technologies specializes in new distribution capabilities (NDC)-enabled airline retailing solutions. The transition into a modern airline retailing model requires a solid payment gateway that expands the scope of airline transactions to include products and services from across the value chain.

The International Air Transport Association (IATA) is the trade association for the world´s airlines, representing some 265 airlines or 83% of total air traffic. IATA supports many areas of aviation activity and helps to formulate industry policy on critical aviation issues.

Established in 2015 in Chania, on the Island of Crete, the JR Technologies Innovation Center is dedicated to supporting NDC adoption and boasts rapid prototyping and R&D capabilities unparalleled in the travel industry. With its locations in Athens, Greece, and Dublin, Ireland, JR Technologies offers end-to-end NDC enabled airline retailing solutions that support both direct and indirect distribution.