Atlanta, GA (PRWEB) January 5, 2009
ID90T, part of the ID90 Group, has partnered with Moneta Corporation to offer Moneta online payments to its fast-growing base of 50,000 airline employee users. Moneta, a growing alternative payment choice for online transactions, offers consumers and merchants a convenient, safe and affordable method for Internet ACH debit transactions directly from a consumer's bank deposit account. ID90T provides online and Interline e-ticketing solutions for airline employee travel via its advanced web based Interline Fare Calculator® (IFC), the end-user interface to its Interline Ticketing Platform. ID90T facilitates immediate cost savings and unprecedented conveniences for airlines and their employees, while protecting and enhancing the travel privileges currently enjoyed by each airline employee.
"By partnering with Moneta, we realize significant savings on interchange while offering airline employees a safe, convenient way to pay for discounted travel," said Tristan Schukraft, Managing Director of ID90T. "We are able to pass some of this cost savings along to airline employees as discounts for Moneta-based payments during the initial rollout period. During beta testing, we discovered that customers paying with Moneta had a higher average ticket spend, suggesting that this payment method was preferred over credit card transactions. We are very excited about the impact of the Moneta partnership to our bottom line."
The ID90T partnership will rapidly expand Moneta's existing user base of 70,000 enrolled members as the two companies pursue joint marketing programs to the 50,000 airline employees ID90T currently serves.
"The ID90T partnership demonstrates the opportunity for Moneta as a preferred alternative payment method for online retailers," said Guido Sacchi, CEO of Moneta. "Travel providers and leading merchants like ID90T face many challenges in keeping costs low. We are committed to working with online retailers and travel providers to provide the lowest cost payment methods available."
About Moneta Corporation
Moneta Corporation is a leading payments company offering secure, convenient methods for consumers to pay online merchants directly from their checking or money market accounts. Moneta partners with online merchants to accept and process payments, while providing financial institutions branding opportunities during the transaction process. Moneta's rapidly growing partner network enables online retailers and travel providers to attract valuable customers with a preference for paying directly from their well-established bank accounts. Moneta is a privately-held company headquartered in Atlanta, Ga. For more information visit http://www.monetacorp.com
ID90 TECHNOLOGIES, LLC (ID90T), provides innovative online and Interline e-ticketing and NIET solutions for airline employee travel via its advanced web based Interline Fare Calculator ® (IFC). ID90T facilitates immediate cost savings and unprecedented conveniences for airlines and their employees, helping airlines become compliant with IATA's 100% e-ticketing mandate. Visit http://www.ID90T.com.