How Flight Payments Work: IATA BSP, ARC, and Beyond

How do airlines get paid for tickets? Discover the hidden process behind flight payments! We’ll explain how industry systems IATA BSP and ARC work to transfer billions of dollars securely and efficiently from travel agencies to airlines. The video contains: 00:00 Intro 00:27 Flight Payments Backstage 01:15 How IATA BSP Works 02:06 What is BSP Cash 05:00 What is BSP Customer Card? 06:25 What is IATA EasyPay 08:31 How ARC Works 12:02 Beyond IATA BSP and ARC Sources: [1] https://www.bankhawk.com/2024/05/01/airlines-say-theyre-taking-back-control-over-payments-but-do-they-know-how/ [2] https://airportscouncil.org/wp-content/uploads/2018/08/ogden-sat.pdf [3] https://www.iata.org/en/iata-repository/pressroom/fact-sheets/fact-sheet-iata-financial-services/ https://www2.arccorp.com/about-us/newsroom/2024-news-releases/dec-2023-ticket-sales/ [4] https://www.altexsoft.com/glossary/billing-and-settlement-plan-bsp/ [5] https://www.iata.org/en/services/finance/easy-pay/ [6] https://media.edenred.com/edenred-chosen-iata-develop-iata-easypay-system-more-70-countries/ [7] https://en.wikipedia.org/wiki/Airlines_Reporting_Corporation Music in video by EpidemicSound (www.epidemicsound.com) Learn more about AltexSoft: https://www.altexsoft.com Follow us on LinkedIn: https://www.linkedin.com/company/altexsoft Follow us on Facebook: https://www.facebook.com/altexsoft/ Follow us on X: https://x.com/altexsoft Follow us on Instagram: https://www.instagram.com/altexsoftcom/ #Payments #IATABSP #ARC #Flight_Payments #Flight #IATA #BSP