Settlement & Financial

Financial systems including BSP/ARC integration, revenue accounting, and payment processing.

Components

BSP/ARC

Billing and Settlement Plan integration:

  • IATA BSP connectivity (180+ countries)
  • ARC settlement (US market)
  • DISH compliance (Revision 23)
  • Sales reporting
  • HOT file processing

Revenue Accounting

Ticket lifecycle and financial tracking:

  • Revenue recognition
  • Proration (interline)
  • Uplift and usage tracking
  • Sales audit
  • Refund accounting

Payment Processing

Payment acceptance and fraud prevention:

  • Credit/debit cards
  • Alternative payments
  • UATP / Airline cards
  • Virtual cards (VCN)
  • Fraud detection
  • 3D Secure

Financial Flow

Booking Created
      ↓
Payment Authorized
      ↓
Ticket Issued
      ↓
BSP/ARC Reported (if agency)
      ↓
Flight Operated
      ↓
Revenue Recognized
      ↓
Interline Proration (if applicable)
      ↓
Settlement Complete

Key Metrics

MetricDescription
Days Sales OutstandingTime to collect payment
Refund Rate% of tickets refunded
Fraud RateChargebacks as % of sales
Proration VarianceInterline settlement accuracy
BSP RemittanceOn-time payment compliance

Regulatory Requirements

  • PCI-DSS compliance for card data
  • IATA financial requirements
  • Tax filing by jurisdiction
  • Currency regulations
  • Refund timelines (EU261, DOT)