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July 29, 2011updated 04 Apr 2017 4:15pm

Virgin Atlantic develops Host2Host payments

Lloyds Bank Corporate Markets and enterprise resource planning (ERP) provider Bellin have jointly developed a banking solution for Virgin Atlantic.

By Suruchi Joshi

Lloyds Bank Corporate Markets and enterprise resource planning (ERP) provider Bellin have jointly developed a banking solution for Virgin Atlantic.

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Host2Host – the new service which was implemented in six months uses a centralised bellin solution as a Single Payment Gateway across the airline’s different business units and locations. The system facilitates connectivity between the airline’s ERP system and Lloyds’ transactional banking process using SWIFTNet.

“When we talk about Host2Host, what we’re really talking about is eliminating desktop banking.  Instead of a desktop BACS software product that has its own screens, log-ins, smart cards, and workflows, if you have an ERP system that is capable of managing your workflow, you can leverage that capability and talk natively from your ERP system into a transactional process,” said Mike Rayfield, senior Product Manager at Lloyds Bank

The new system is said to have lowered Virgin Atlantic’s administrative and operational costs by £100,000 per annum.

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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