NewGen ISS makes accreditation simpler and safer for airlines to do business.
IATA’s three accreditation models create opportunities for airlines to expand their distribution networks through the Billing Settlement Plan (BSP).
NewGen ISS’ three new accreditation options are a departure from a dated, one-size-fits-all approach. The GoLite, GoStandard and GoGlobal accreditation models are designed to simplify IATA accreditation and facilitate access to the Billing Settlement Plan (BSP). The new models provide an opportunity for airlines to widen their distribution networks, if they so choose, and to work with new agents in the BSP while minimizing the associated risk.
Each accreditation model comes with different participation terms, payment methods and tailored risk management activities. Under NewGen ISS, airlines will be able to view each agent’s accreditation model and available payment methods. Airlines will continue to have full decision-making in granting ticketing authority, and to define their overall distribution strategy.
By introducing the GoLite model, an easier accreditation option with minimal financial requirements, IATA is giving non-accredited agents a new route to accreditation. This new model will also benefit currently accredited agents struggling to meet their financial requirements. Agents accredited under the GoLite model can issue airline tickets using IATA EasyPay, a new e-wallet solution, and customer cards.
GoLite Agents will not have access to BSP Cash as a form of payment, so the financial risk is limited. However IATA will monitor ADM levels in case a minimum Financial Security is required.
GoStandard accreditation is based on the traditional accreditation, and allows agents to be accredited in a BSP with access to all payment methods. In addition to BSP Cash and BSP Card, GoStandard agents will be able to use a new, pay-as-you-go e-wallet solution called IATA EasyPay.
GoStandard agents will be subject to applicable local financial criteria and requirements of the country of accreditation. In addition, as part of the NewGen ISS risk management framework, GoStandard agents will be assigned a Remittance Holding Capacity (RHC) – a monetary threshold for an agent’s outstanding cash sales to the BSP.
All IATA-accredited agents will fall under the GoStandard model when NewGen ISS is introduced in market, with the option to convert to another accreditation model at any time.
While the GoStandard accreditation model is designed for agents who operate in one BSP, the GoGlobal model simplifies accreditation for multinational agents operating in several BSPs.
With the GoGlobal model, an Agency can maintain a single accreditation for all its locations worldwide. The parent takes on full legal and financial responsibility for the agency group, and undergoes a single, consolidated risk management. This includes a quarterly financial review of the parent entity under a Multi-Country Assessment Framework. If the agent fails the quarterly review, the parent will be required to provide a financial security covering the sales at risk for all of the group’s locations.
In addition, GoGlobal-accredited agents will also be subject to the Remittance Holding Capacity (RHC). All GoGlobal travel agents will have an aggregated RHC covering their BSP cash sales worldwide.