Changes in bank account information that disrupt IATA's (International Air Transport Association) direct payment authorization can create significant operational challenges for airlines and travel agencies, potentially affecting ticket settlement processes. To prevent such disruptions, IATA has streamlined its authorization update procedure and provided clear implementation guidelines.
The updated process requires using IATA's standardized Power of Attorney (PoA) template, which serves as the foundation for authorization changes. This document must be obtained exclusively through IATA's official channels to ensure proper formatting and completeness.
After completing the form, the original PoA must be submitted to the relevant banking institution. Financial institutions play a pivotal role in this process as they facilitate the transfer of authorization details to Denmark-based Nets, IATA's designated payment processing partner. Effective communication with banking representatives is essential to confirm proper execution of the authorization update.
In addition to the physical document submission, a scanned copy of the PoA must be uploaded during the corresponding step of IATA's online application process. This digital submission serves as critical documentation for IATA's verification procedures, requiring clear, legible scans with complete, accurate information.
The streamlined authorization update process consists of three key components: downloading and completing the official PoA template, submitting the original document to the bank, and uploading the digital copy through IATA's application system. Strict adherence to these steps ensures efficient processing and prevents payment-related operational interruptions.