22 Dec 2018
Aleks Popovich, Senior Vice President, Financial and Distribution Services IATA: “Congratulations to TPConnects for achieving IFG Solution Provider Certification. In this way, TPConnects is helping airlines to overcome the high costs and complexities of different payment systems.”
IFG is an omni-channel payment aggregation platform that allows airlines to manage and optimize their different sales payment processes through a single global connection.
TPConnects, specialized in Next Generation Travel Retailing, NDC Offer & Order Management and Distribution is one of the first IT Providers to have acquired the IATA Financial Gateway (IFG) Solution Provider certification from the International Air Transport Association (IATA).
IATA Financial Gateway (IFG) is fully dedicated to the airline industry and has been designed to meet the payment needs of all airline business models and sale channels. IFG provides to airlines a flexible and complete payment process, ensuring the consistency and availability of different payment options through all distribution channels to reduce payment costs, increase sales conversion rates and provide a seamless user experience through the entire passenger journey.
Rajendran Vellapalath, TPConnects’ Chief Executive Officer said “We are proud to be industry leaders on the implementation of IATA Financial Gateway (IFG) to our Software Solutions for Airlines and Travel Agents to retail travel. With the Integration of IFG to our IATA NDC Certified Offer and Order Management Middleware for Airlines and Travel Aggregator Platform, instead of managing multiple complex connections to various payment service providers in many different countries, airlines and service providers now have the ability to offer the most convenient method of payment to their buyers”.
High running costs and the complexity of different payment systems make it difficult for airlines to maintain and deploy new forms of payments across their diverse distribution channels and networks.
With the adoption of IFG as a single universal payment platform integrated to TPConnects NDC Gateway for airlines helps address these challenges by streamlining payment processes and facilitating acceptance and control of different forms of payments including reporting to the BSP and ARC for agency sales settlement or the payment gateways.
This will also facilitate dynamic pricing and allows airlines to retail travel in a fast and efficient manner.