Welcome to TIESS.
IATA's Travel Industry Exchange Settlement Solutions (TIESS) facilitates the billing and settlement between travel industry suppliers and travel agencies and any other point of sale, providing an efficient platform to distribute, validate, collect and process sales.
Building on IATA's 40 years settlement expertise for the travel industry, TIESS is establishing a cost-effective, comprehensive, global service for non-air service providers, managing the billing and settlement of transactions between them.
No transaction fees for travel agents
Global centralized process
Significant cost savings
Improved customer / supplier partnerships
TIESS Key Features:
Secured Internet application
Electronic bill presentment and settlement to all users on a B2B relationship
Personalized printable invoice summaries compatible with all legacy systems
Payable settlement method
Supplier payment identification