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  Frequently Asked Questions


Travel Industry Exchange Settlement Solutions

For over 40 years, IATA has been providing a global program for accredita­tion of travel agents and worldwide financial settlement services for airline ticket sales between travel agents and airlines.

Building on IATA's financial settlement expertise, TIESS is a fully customizable, web-based e-billing and e-settlement solution that facilitates the billing and settlement between travel industry suppliers, such as airlines, hotels, trains, car rentals, tour opera­tors, cruise companies, and freight forwarders, and their business partners, such as travel agencies.

TIESS has important key features that help the professional travel supplier sell globally and settle each booking locally including:

Internet security
Real-time access
Improved efficiency
Multi-currency settlements
Consolidated global transaction reports
Legacy compatibility
Reporting tool
No service fees for agents

Facts & Figures:

IATA offers 40 years of global financial settlement expertise.
USD 191 billion of gross sales processed through all of IATA's settlement solutions on an annual basis.
IATA's settlement systems operate in more than 160 countries.

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