1. NewGen ISS Program Update

2. Agency Accreditation Models Global Default Insurance
NewGen ISS
Integrated Program Elements
NewGen ISS is composed of four key interconnected areas of focus:
Agency Accreditation Models
Credit Management
IATA EasyPay
Global Default Insurance

3.                Accreditation Models
Standard Accreditation no Cash Facility
Accreditation Models
Refresher on Accreditation Models
Cash 
Credit Limit
n/a
Standard Accreditation with Cash Facility  CC 
Financial Assessment 
IATA EasyPay 
Chargeback Insurance
Cash 
Credit Limit 
Multi-Country Accreditation  CC 
Yearly Financial Assessment 
IATA EasyPay 
Financial Security / Default Insurance
Cash 
Credit Limit  
Quarterly Assessment of Parent  CC
Parent Guarantee 
IATA EasyPay  
Super BSP* 
Financial Security / Default Insurance
Agents may voluntarily convert across models as their business evolves, while maintaining their IATA code(s).

4. Credit Events vs Administrative Non-Compliances
Accreditation Models
Credit Events vs Administrative Non-Compliances
Proposed:
Credit Event:
Incident related to the agent’s credit worthiness & ability to pay
e.g. Late/short payment
Current:
Irregularity
Agent failure to meet requirements incl. matters related to reporting & remittance rules
Administrative Non-Compliance:
Agent failure to comply with accreditation requirement
e.g. Failure to report change of location
Payment-related defaults will be continue with withdrawal of all ticketing.

5. Overview of credit management model
NewGen ISS
Overview of credit management model
Financial Security + Remittance Frequency
Accreditation Model
Credit Status
Credit Conditions
Cash
Facility
Financial Information + Credit History
‘Credit’ Available to Agent
Applicable to those agents choosing to be accredited with a cash facility.
Financial assessment and the credit history considered into the agent’s credit status.
Introduction of a financial assessment framework for Multi-Country agents.
On-going assessment of agents’ credit history considering credit events.

6. *         Assessment NewGen ISS
Establishing credit status & conditions
Credit Conditions
Credit History
Credit Status
Fin. Review 
Cash Facility A *
Financial Security only if required in LFC for Standard Agents
PASS
PASS 
R&S of BSP
PASS
FAIL 
Cash Facility B 
Financial Security
FAIL
PASS 
R&S of BSP 
Cash Facility
FAIL
FAIL C 
Financial Security 
R&S most frequent

7. $ NewGen ISS Cash Facility Continued selling using CC and IATA EasyPay
Open to additional financial security
Agent’s
Cash Facility
Agent’s accumulated cash sales
Open to voluntary advanced payments at any time.
 Remittance Date
Day 1
Day 2
Day 3
Day 4
Day 5
Day 6
Previous Period Sales
Current Period Sales

8. NewGen ISS IATA EasyPay A new industry payment method:
‘Pay-as-you-go’ solution
New and alternative to cash and credit card form of payment
Voluntary for agents to use
IATA EasyPay is a closed-loop and proprietary online payment system for Travel Agents to issue tickets through the BSPs.
It will allow the implementation of new accreditation models for Travel Agents and new risk management procedures (such as credit limit for Agencies). As a new form of payment, IATA EasyPay will:
“Pay-as-you-go” solution for Agents, risk free for Airlines, amount is irrevocably blocked when the ticket is issued.
Economical: with a low cost per transaction
Will accelerate the cash flow – Airlines should receive the payments in up to 48/72 hours since the Travel Agent issues the ticket
Additional payment method, not replacing any of the existing ones
Global, To be implemented in all (152) BSPs worldwide
Voluntarily used by Agents and Voluntarily incentivized by Airlines
Quick time to market at a global scale, using already existing infrastructure,
Available for all agents and all airlines participating in BSP

9. New accreditation models Reduced bank guarantees
NewGen ISS
IATA EasyPay
Benefits for Agents
IATA EasyPay
New accreditation models
Reduced bank guarantees
Voluntary
Easy
Available for all Airlines
Available for all Airlines
Voluntary
Voluntary
150 BSPs
150 BSPs

10. Global default insurance
NewGen ISS
Global default insurance
Additional.
Voluntary.
IATA to establish framework.
Marketed globally.
Flexible.
A financial security type additional to those currently acceptable under Resolution 850p.
Agents may voluntarily choose to join global insurance policy, if required to provide a financial security.
IATA to establish a framework for brokers and insurers to introduce this additional financial security.
Marketed by the brokers to ensure best possible terms for IATA, its member airlines and travel gents worldwide.
Flexible for agents to amend insured amount when compared with bank guarantees and other financial securities.

11. Thank you! For More Information
Website:
Thank you!