Deutsche Bank said this week that it’s the first to successfully implement mobile authorisation for the International Air Transport Association(IATA)in Sri Lanka.
This advanced web-based mobile authorisation feature allows corporate users to benefit from mobility in electronic-transactional authorization via easy access to transactional information with their smart-phone without the constraints of geography and tie.
The bank said its mobile authorisation is the only authorisation option in the market with a non-repudiation support feature. Stringent security measures are in place to ensure the secure delivery and confirmation of transaction authorisations. IATA is Deutsche Bank’s first client in Sri Lanka to experience the mobile authorisation solution.
As an intermediary between airlines and cargo and airline agents, IATA is responsible for the billing and Settlement Plan (BSP) in Sri Lanka. Deutsche Bank has been the local BSP Clearing and Settlement Bank for IATA since 2005.