BSP ONElink Introduces the First Global Payment Solution for the Worldwide Rail Travel Industry.Business Editors SAN FRANCISCO--(BUSINESS WIRE)--April 1, 2003 BSP BSP Bromsulphalein, a dye used in the study of liver function. See also sulfobromophthalein clearance test. ONElink, Inc., (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : BSPO) has announced that its integrated, Internet-based travel distribution and settlement service will be available to the worldwide rail industry later this year. This service, developed in collaboration with the International Air Transport Association (IATA IATA International Air Transport Association, which sets the rules for air transport, including those concerning air transport of animals. ) and a group of technology partners, will provide the growing "travel-by-rail" industry access to the same proprietary global settlement service that the airlines have used for the last 30 years. With six billion rail passenger journeys per year in Western Europe Western Europe The countries of western Europe, especially those that are allied with the United States and Canada in the North Atlantic Treaty Organization (established 1949 and usually known as NATO). alone, BSP ONElink has a significant opportunity in an untapped market. "Travel agents are responsible for less than five percent of rail bookings primarily because they haven't had access to a low-cost, one-stop distribution and payment portal," said Bill Guerin William 'Bill' Robert Guerin (born November 9 1970, in Worcester, Massachusetts) is a professional ice hockey right wing for the NHL's New York Islanders. Playing career Bill Guerin has played for the Dallas Stars, the Boston Bruins, the Edmonton Oilers, the St. , Chairman of San Francisco-based BSP ONElink, Inc. "The system's benefits to travel suppliers and travel agents are considerable: It lowers the cost of doing business, increases efficiencies, improves cash flow through electronic payments, and enhances distribution potential. By eliminating the high costs previously associated with rail bookings, and by offering rail operators the ability to distribute their products through more than 55,000 IATA agents worldwide, BSP ONElink has created a viable distribution alternative for rail travel." The U.K.'s Heathrow, Gatwick, and Stansted Express Stansted Express is the direct train service linking central London (Liverpool Street station) to Stansted Airport, one of London's major air hubs. Stansted Express is owned and operated by National Express Group, and operated as part of NEG's 'one' train operating company, which holds services are among the world's leading airport rail operators. Jeremy Job, commercial director of Airport Express, which owns these companies, offered his full support for the BSP ONElink service "We welcome the opportunity to use BSP ONElink's service. This is the firm that will take distribution and settlement for the rail travel industry into the 21st century." Roger Emsley, managing director of the U.K.-based operating company operating company A business that engages in transactions with outsiders. , added, "Giving agents the ability to book rail travel and effect settlement with rail operators is a vital growth area for BSP ONElink. It provides an added sales opportunity for travel agents and offers rail operators new ways to distribute and sell their services. Rail travel worldwide is experiencing significant growth and we are pleased to be providing a new service to allow travel agents the ability to participate aggressively in that growth." About BSP ONElink: www.bsponelink.com With headquarters in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden and operations in the United Kingdom, BSP ONElink, Inc., was established by a consortium of companies in response to the results of a study carried out by IATA in 2001. Through connections to key travel industry reservation systems and proprietary distribution networks, BSP ONElink will "link" travel suppliers large and small to IATA's Billing and Settlement Plans (BSP) system, which provides airline and associate company members around the world with financial settlement, fulfillment, and management information. About IATA: www.iata.org http://www.iata.org/bsponelink/index Headquartered in Montreal, Canada, and with a main office in Geneva Geneva, canton and city, Switzerland Geneva (jənē`və), Fr. Genève, canton (1990 pop. 373,019), 109 sq mi (282 sq km), SW Switzerland, surrounding the southwest tip of the Lake of Geneva. , Switzerland, IATA is the trade association of the international airline industry. Founded in 1919, IATA today represents almost 280 airlines that handle more than 95 percent of all internationally scheduled flights scheduled flight schedule n → vol régulier scheduled flight schedule n → Linienflug m . IATA's commercial objective is to ensure that people, freight, and mail can move around the vast global airline network quickly and efficiently -- as if they were on a single airline in a single country. The organization's operational objective is to ensure that members' aircraft can operate safely, securely, efficiently, and economically under clearly defined and understood rules. |
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