MasterCard partners eNett for payments deal

Payment partner for eNett VANs

MasterCard Worldwide is partnering with eNett International, a provider of payment and reconciliation solutions for the travel industry through the use of Virtual Account Numbers (VANs). Over a 5 year period, MasterCard will be the exclusive payment partner for all eNett VANs produced in Europe.

The innovation borne out of eNett’s agility and technical capabilities, combined with MasterCard’s network and enablement functions, will provide substantial benefits for the global travel industry.” said Hany Fam, President of Strategic Alliances at MasterCard. “At a time when the pressure is on to cut costs and increase revenue, new and innovative payment technology like eNett VANs will not only enable agents to focus on revenue generation rather than admin, they will reduce risk and help businesses to get much more out of the valuable data that is in their possession.”

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