Cornerstone's Virtual Card Payment Solution

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description

Cornerstone is developing a Virtual Card payment solution for the mid office. Using iQCX, online web services, iQCX can obtain single-use VANs from eNett and insert them into your hotel segments, then fax an image of the card to the hotel with the payment instructions. See how it's all done in this presentation on eNett Virtual Card Integration.

Transcript of Cornerstone's Virtual Card Payment Solution

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CIS Virtual Card Payment Solutions

Mark Abdoo - Product Manager - CornerstoneDarryl Jang – SVP, Americas - eNett

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Agenda Introduction

What are VANs?What is the Problem?

Quick DemoQuestions and Answers

What is the Solution?

So How Do We Do It?

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eNett International - VANs

• A VAN is a Virtual Account Number

• A VAN is a MasterCard, but without the physical plastic

• Card Number, Expiration Date, Security Code

• VANs have unique controls that provide far greater security than traditional cards; seamlessly integrated with the GDS

• VANs are generated for every booking to ensure payments are processed quickly and safely, enabling automated reconciliation at point of sale

• With MasterCard acceptance, VANs can be used for any payment anywhere in the world

Global provider of dedicated payments solutions for the travel industry

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The Problem3rd Party Hotel Billing

Agent needs to book and pay for traveler

Agent seeks hotel that allows 3rd Party Hotel Billing-- including chains and independent properties

Agent calls hotel to see if property accepts such billing

Agent may debate with front desk

If allowed by hotel, agent books hotel via GDS and needs to fax authorization form

Hotel often has their own proprietary authorization formHotel faxes form to the Agent

Agent completes authorization form

Agent faxes authorization form back to hotel

Agent follows up with a call to hotel

Agent seeks verbal confirmation of fax receipt

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Agent BookHotel

RequestVAN

Auth Form + Fax

Create PNR

Send to iQCX

Document Delivery

The Result

• Automated CC auth forms

• Automated faxes• Done on the GDS• 100% data

match/reconciliation • Reduced risk & fraud

The SolutioniQCX Automation

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Agent books hotel

eNett Generates VAN

iQCX Requests VAN

Hotel Process Flow

iQCX Updates PNR

iQCX Generates Fax

InterFAX Sends to Hotel

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Library User Tables

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PNR Data Items

parsed from PNR and

pulled from Library tables

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Library ResRules to Validate data,

Issue cards, Update PNRs and Send fax

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InterFax:8123305181

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You can change the fax number here

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Screenshot of PNR after

1 HHL QI HK1 IND 14OCT-15OCT 1NT 47672 QUALITY INN AND SUI 1N1KRAC -1/RG-USD79.99/ADV GTE/AGT00000000/G-CAXXXXXXXXXXXX1111EXP1014/SI- /CF-83169750 *** ITINERARY REMARKS EXIST *** >RM*· *** ADDITIONAL ITINERARY DATA EXISTS ***>*I· FONE-INDAS/812-330-4361 TKTG-TAU/05MAY RMKS-E/VAN1/HOTEL/1/TEST NOTES GO HERE 2 E/VAN1/MULTI USE-FALSE TRMK-SA ACCT-12345 >

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Screenshot of PNR before

1 HHL QI HK1 IND 14OCT-15OCT 1NT 47672 QUALITY INN AND SUI 1N1KRAC -1/RG-USD79.99/ADV GTE/AGT00000000/G-CAXXXXXXXXXXXX6654EXP1014/SI-*ENETT VAN*BILL ROOM AND TAX/CF-83169750 *** ITINERARY REMARKS EXIST *** >RM*· *** ADDITIONAL ITINERARY DATA EXISTS ***>*I· FONE-INDAS/812-330-4361 TKTG-TAU/05MAY GFAX-OSI*ENETT VAN*BILL ROOM AND TAX RMKS-E/VAN1/HOTEL/1/TEST NOTES GO HERE 2 E/VAN1/MULTI USE-FALSE 3 Q/ IQCX 4/29/2014 1:55:16 PM/VAN REQUESTED - TRANSACTION ID - 112571 TRMK-SA ACCT-12345 >

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Screenshot of generated fax

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What’s Next?

Pilot Customers (6)

Air Workflow

Generic Workflow

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Thank you for your time!Questions?