Financial Services for Airlines

IATA Settlement Systems (ISS) are the backbone of the global air transport industry.

Settlement

Aviation Charges Intelligence Center (ACIC): Reference for tracking and validating aviation charges worldwide.
Billing and Settlement Plan (BSP): Settlement of passenger sales from Travel Agents to Airlines
Cargo Account Settlement Systems (CASS): Settlement of cargo sales from agents and freight forwarders
IATA Clearing House (ICH): Fast debt collection - Protection against bad debt and bankruptcy
IATA Exchange Rates: Standard industry rates for sales and interline billings

Prorate Manuals (Passenger & Cargo): Efficient management of interlining revenue settlement between airlines
Revenue Accounting Tax Database (RATD): Passenger ticket taxes & charges - Revenue accounting to process interline billing
Ticket Tax Box Services (TTBS): Global reference for taxes levied on passenger air tickets

Simplified Invoicing and Settlement (SIS e-invoicing): Electronic Invoicing platform with a direct link to hundreds of airlines and industry core suppliers with optional connection to settlement services.

IATA Pay: an instant payment method for consumers when purchasing a ticket from an airline website.
IATA Currency Clearance Service (ICCS): Cash management - Centralized control of funds - Quick repatriation of funds
Currency Repatriation: Reduce costs related to the repatriation of sales funds and improve repatriation processes
IATA Financial Gateway (IFG): An omni-channel payment solution that also helps airlines create the necessary files for reporting of their travel agent direct sales into the BSP Systems for processing and settlement

Airline Cost Management Group (ACMG): Join this group and benefit from best practices on airline cost management and effective cost benchmarking

IATA Perseuss: Card fraud prevention - Early detection - Data exchange within user community