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Taipei hosts IAPCO EDGE Seminar for the third time

With positive feedback received from the previous IAPCO EDGE Seminar Taipei, the city is once again hosting the seminar this year. Inviting meeting professionals and association representatives from Canada, the United Kingdom and Singapore, the faculty will share their real-life experiences along with the latest industry trends.

Making it unique from other training programs in the industry, there are a lot of interactive sessions and in-depth discussion designed for the IAPCO EDGE Seminar. Delegates will be inspired while discussing and exchanging ideas from different points of view. The mix of program content includes bidding, sponsorship, accounting & budgeting, marketing, meeting design, meeting industry trends.

Last year, many overseas delegates were attracted to the seminar, including representatives from Abu Dhabi Convention Bureau, Sarawak Convention Bureau and Thailand Convention and Exhibition Bureau. Here is a highlight video of the seminar last year: https://vimeo.com/273861734

Delegates will be given CMP (The Certified Meeting Professional) hours by attending the seminar, in order to improve their competitiveness in the market.

For more information about the seminar and to register, please visit http://iapcoedgetaipei.org/


Date and Time:
Thursday, 18 April – Saturday, 20 April 2019

New Payment Method for Air Tickets Successfully Demonstrated

Geneva – The International Air Transport Association (IATA) announced the successful completion of the first “IATA Pay” ticket purchase transaction in a live test environment. The transaction was conducted in partnership with ipagoo, a UK-based fintech company.

IATA Pay is an industry-supported initiative to develop a new payment option for consumers when purchasing a ticket directly from an airline website. It is made possible by the European Commission’s second Payment Services Directive (PSD2), and the UK’s Open Banking regulation. These regulations encourage use of so-called direct debit transactions in which payments are made from the customer’s bank account directly into the bank account of the merchant. This method offers an extremely high level of security to both user and recipient and can be instantaneous.

IATA’s role is to develop an industry solution enabling airlines to make this payment option available on their websites. The live test conducted with ipagoo was done under the UK’s Open Banking framework with IATA Pay pilot airlines, including Cathay Pacific Airways, Scandinavian Airlines and Emirates.

For airlines, the advantages of IATA Pay are:

  • Cheaper payment option compared to other alternatives
  • Highly secure
  • Faster cashflow with instant/near instant payment to the merchant
  • Simpler payment process resulting in fewer lost sales.

For consumers the benefits include access to a new, simpler method of payment that is highly secure.

“Today’s consumers, and especially millennials, have expectations of multiple payment options including mobile and peer-to-peer. IATA Pay responds to these expectations. At the same time, airlines are trying to manage significant card payment costs — $8 billion per year and rising. A large part of this cost is incurred in direct purchases from airline websites. One of IATA’s strategic objectives is to support airlines’ financial sustainability including controlling costs,” said Aleksander Popovich, IATA’s Senior Vice President of Financial and Distribution Services.

Carlos Sanchez, CEO, ipagoo said: “We are delighted to have completed the first Open Banking live transaction for the airline industry, helping IATA and its member airlines to achieve their goals of operational and financial efficiency. ipagoo’s technology provides a secure, multi-country banking service for IATA. We are at the forefront of development and innovation within the financial industry and committed to helping businesses and their clients take advantage of the opportunities provided by Open Banking.”

IATA is also working with Deutsche Bank on a prototype for Europe (excluding the UK), starting with the German market, which is expected to undergo testing in early 2019.

Following this, IATA will validate the concept with the intention to expand to other regions.

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