THE IATA NewGenISS is coming to Australia and for those IATA agents that remain in the AU-BSP notifications it would have already started to find its way into your inbox. For most travel agents, the IATA NewGenISS will have minimal impact in the early phase of the rollout which is set to take place late Nov this year, however for those IATA agents who retain IATA accreditation, not just a TIDS number, significant change is coming.
AFTA will be hosting a webinar on the subject this Fri 21 Sep at 2pm and if you are an AFTA member and retain IATA
accreditation register at email@example.com with the subject, Register for NewGenISS webinar.
Some of the changes include the introduction of a new level of accreditation called – IATA Golite Accreditation, which
allows agents to shift from the current standard accreditation to a light version meaning they would not be able to settle to BSP CASH. That is, only accept the customer’s credit card, or use the new IATA Prepaid Easypay.
My view on this is, that you would be better off just ticketing via a consolidator. The other change is the introduction of a credit limit for IATA agents with the new name – Remittance holding capacity (RHC). This applies a limit to the amount of sales each billing cycle can have without an early remittance or a change in the way you pay for the tickets. IATA will advise all IATA agents in the coming months on what your individual RHC will be.
The introduction of a new form of payment known as IATA EasyPay – my view, a waste of time. The new Default Insurance provider – for those IATA agents that are required to post a guarantee with IATA and the most important part is the Risk Status applied to IATA agents. The Risk Status is the critical part of the NewGenISS as it overrides all current arrangements in the local financial criteria and may require IATA agents to post a guarantee where previously not required. So as I say – for those agents who are wondering what it is all about, best you consider taking part in either the AFTA Webinar or keep a keen eye out for future webinars run by IATA over the coming months.