Travelport and PSP International Form Payment Solutions Joint Venture

* Reuters is not responsible for the content in this press release.

Tue Jul 7, 2009 5:00am EDT

New multi-million dollar joint venture provides payment and settlement
services specifically for the travel industry, embracing both air and non-air
transactions

LANGLEY, England and LONDON, July 7 /PRNewswire/ -- Travelport has entered
into a strategic relationship with PSP International to form a joint venture
company to provide state-of-the-art innovative and integrated payment
solutions tailored specifically for the travel industry. The joint venture, in
which Travelport holds a majority stake, was completed on June 24, 2009. 

The joint venture will be branded "eNett(TM), A Joint Venture with
Travelport."  It leverages the existing successful payment and settlement
capabilities already established by PSP International in the Pacific region
with Travelport's world-wide travel product distribution capabilities and
significant airline, rail operator, hotel and car rental relationships. The
joint venture also leverages Travelport's leading position with the on and
off-line travel agency community and its global brand in the sector. The two
companies have enjoyed a strong commercial relationship since 2003.

The eNett suite of products will enable automated payments, settlement and
reporting between travel agencies and travel product suppliers, supporting
debit cards and other increasingly relevant alternative forms of payment which
are not well supported today.  It will enable non traditional players in the
travel industry, such as low cost carriers (LCCs), who desire to distribute
their products through the travel trade, to be able to offer tailored credit
and settlement terms. eNett is also working on solutions for corporate travel
such as automated hotel bill back generation that save travel management
companies (TMCs) and the corporations they service, both time and money.

"One of Travelport's stated goals is to build adjacent businesses that will
help power our clients' success," said Gordon Wilson, President & CEO,
Travelport GDS. "The payment and settlement business is a multi-billion US
dollar industry and with eNett's innovative suite of payment and settlement
solutions, we believe we can take out some of the inefficiencies that
currently exist today. Moreover, the joint venture will meet customers' desire
for tailored payment solutions with a stronger focus on cost, reduced risk and
faster settlement across the broadest array of travel products," Wilson added.
 

"eNett's scope and depth go well beyond what is currently available in the
marketplace," said eNett newly appointed Executive Director, Rob Bishop. 

"The eNett joint venture helps travel customers simplify their businesses by
providing payment solutions that supports both air and non-air transactions.
Other payment and settlement systems generally do one or the other but not
both," Bishop added.

The eNett joint venture will have four designated Travelport board members,
including the Chairman, Keith Woodcock, Senior Vice President New Business
Development of Travelport GDS. Two PSP directors will serve on the joint
venture board -- leading payment expert, Rob Bishop, will join the joint
venture as Executive Director, while PSP founder Anthony Hynes will assume the
role of Chief Executive Officer. 

PSP was formed in Australia in 2003 and has established relationships with
leading travel service providers, airlines and logistics firms. Travelport GDS
owns the global distribution system (GDS) business that includes the Galileo,
Apollo and Worldspan platforms and provides mission critical systems to a
number of the world's leading airlines such as Delta, United, Emirates and Air
New Zealand.

About Travelport
Travelport is one of the world's largest travel conglomerates, offering
broad-based business services to companies operating in the global travel
industry. The company is comprised of the global distribution system (GDS)
business that includes the Worldspan and Galileo brands; GTA, a leading
global, multi-channel provider of hotel and ground services; IT Services and
Software, which hosts mission critical applications and provides business and
data analysis solutions for major airlines. With 2008 revenues of US$2.5
billion, Travelport operates in approximately 160 countries and has over 5,500
employees.

Travelport also owns approximately 48% of Orbitz Worldwide (NYSE: OWW), a
leading global online travel company. Travelport is a private company owned by
The Blackstone Group, One Equity Partners, Technology Crossover Ventures and
Travelport management.

About eNett International
eNett International, a joint venture with Travelport, is a leading provider of
innovative, integrated payment solutions, tailored to meet the needs of the
travel industry with a current market focus spanning geographically across
Asia (including Australia and New Zealand), Europe and the USA. eNett payment
solutions include credit card processing, EFT/direct debit processing,
merchant services and issuing of virtual account numbers for instant accounts
payment. These solutions are offered via web-based technology and can be
accessed as an independent system or integrated with a multitude of accounts
payable/ receivable systems. A key component of eNett's offering is the
central collection and distribution of data related to payments, delivering
process efficiencies by minimising document handling, reconciliation and other
manual processes.

PSP International
Following the travel joint venture with Travelport, PSP International will
continue to provide payment solutions tailored to specific verticals, with a
continuing commitment to 'ComPay', a solution tailored to the logistics
industry targeting importers, exporters, wholesalers, retailers, road
transport companies and freight forwarders. PSP's payments solutions include
real-time reconciliation, batch processing and comprehensive reporting
resulting in significant process efficiencies. The system allows users to
process credit card or debit payments, which reduces costs and provides
significant process and resource efficiencies. PSP International Plc is an
unlisted public company based in the United Kingdom.

For media enquiries:
    Travelport GDS    Nadia Stoyle, Director, Corporate Communications, Asia
                      Pacific, +852 2821 2219 nadia.stoyle@travelport.com

    eNett(TM)            Rob Bishop, Executive Director +61 48 600 479
                      rbishop@enett.com or media@enett.com

    Double Edge PR    Michelle Larmer or Zina Zhang, +612 9957 1352
                      michelle@doubleedge.com.au / zina@doubleedge.com.au




SOURCE  Travelport

Nadia Stoyle, Director, Corporate Communications, Asia Pacific, Travelport
GDS, +852-2821-2219, nadia.stoyle@travelport.com; or Rob Bishop, Executive
Director, eNett(TM), +61-48-600-479, rbishop@enett.com, media@enett.com; or
Michelle Larmer, michelle@doubleedge.com.au or Zina Zhang,
zina@doubleedge.com.au, both of Double Edge PR, +612-9957-1352
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