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:
Consolidated global transaction reports
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.