The New Generation of IATA’s Settlement Systems (NewGen ISS) is modernizing distribution and payments in the Billing Settlement Plan (BSP), creating a system capable of handling the challenges of today, tomorrow and beyond. NewGen ISS brings stronger customer focus and relevance to the BSP through flexible, safer, and cost-effective solutions.
NewGen ISS delivers an enhanced risk management to better protects airline funds and mitigate the risk associated to agent defaults. The key feature of the new risk management framework is the introduction of a Remittance Holding Capacity (RHC).
NewGen ISS offers travel agents three accreditation options: GoLite, GoStandard and GoGlobal. Each accreditation model comes with different participation terms, financial requirements and payment options. This more flexible approach to accreditation provides an opportunity for airlines to widen their distribution networks by enabling them to do business with a wider array of travel agents in the BSP.
As part of NewGen ISS, IATA is introducing IATA EasyPay, a flexible, new pay-as-you-go payment method enabling airlines to transact with agents securely while benefiting from faster clearing times and a low cost per transaction.
Since March 2018, NewGen ISS has been progressively rolling out across BSPs. As of December 2019, NewGen ISS is live in approximately 100 BSPs, with all markets expected to be migrated during 2020.