Triton Distribution Systems, Inc., a next generation web-based travel distribution service provider, announced a partnership with International Air Transport Association (IATA) China, leaders in the development and implementation of airline global standards. This agreement will allow Triton to clear electronic billing and settlement transactions between travel agencies outside of China and Chinese tour operators, hotels, car rental companies and airlines through IATA Billing and Settlement Plan.

IATA's Billing and Settlement Plan is a system designed to facilitate and simplify the selling, reporting and remitting procedures of IATA Accredited Passenger Sales Agents and improve financial control and cash flow for Billing and Settlement Plan airlines.

By incorporating IATA's billing and settlement system, Triton's affiliate of agencies and airlines can book travel products within China and have the billing and settlement process managed by IATA China.

This ground-breaking agreement marks the first time a company outside of China has developed a billing and settlement system between travel agencies outside of China and domestic travel suppliers within China.

"We are pleased to partner with IATA China as its services will facilitate billing and settlement efficiency for travel agencies," said Gregory Lykiardopoulos, Chairman and CEO for Triton. "Triton's ability to clear transactions in China marks an industry first and opens doors for similar arrangements in the global marketplace."

Source:佚名