Proposed standard payments clearing platform could slash $8 billion annual cost for airlines
IATA and Deutsche Bank have joined forces to launch a technical pilot programme for a standard, direct payments platform that could see airlines' transaction costs slashed while preventing fraud. The proposed programme, which uses new capabilities brought about by the European Union's Payment Services Directive, aims to become the financial settlement platform of choice for airline direct sales.

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Vol. 8 Issue 10 of Aviation Finance