IATA TIP rollout

IATA TIP rollout

IATA has announced the implementation of its new Transparency in Payments (TIP) platform in Finland, Norway and Sweden, ahead of a wider rollout across the globe.

TIP is being introduced in conjunction with NewGen ISS.

It aims to provided airlines with increased transparency and control in collection of sales generated via travel agents.

No form of remittance is barred by TIP but agents can only use those forms to which an airline has previously given consent.

More specifically, TIP explicitly allows agencies to use their own credit cards but only if individual airlines approve of the method.

TIP also allows providers of Alternative Transfer Methods to participate in agency direct remittances of BSP sales.

The new platform will be implemented in Iceland, Denmark, Canada and Singapore next month, with rollout to be completed in all BSP markets by the first quarter of 2020.

Source: traveldaily