BSP South Africa will be migrated from Resolution 818g to the NewGen ISS Passenger Sales Agency Rules under Resolution 812 from November 16.
According to Asata, the NewGen ISS programme is intended to create more flexible, secure and customer-centric BSP for agents and comprises the following elements:
• New agency accreditation models that agents can choose from (GoLite, GoStandard and GoGlobal);
• An enhanced risk management framework, including the Remittance Holding Capacity (RHC) which establishes a maximum threshold for agents’ outstanding BSP cash sales
• Iata EasyPay, a new and optional e-wallet solution for payment of tickets through the BSP. Resolution 812 allows for the implementation of each of these NewGen ISS pillars. In addition, as part of NewGen ISS, a voluntary new form of financial security was made available for agents called Global Default Insurance (GDI). The roll-out of GDI follows a distinct calendar from Resolution 812 and is already available in South Africa.
With the implementation of NewGen ISS Resolution 812:
• All agents will be transitioned to the GoStandard Accreditation with the ability to convert to the GoLite Accreditation. No action is required.
• All agents will be assigned their individual remittance holding capacity, risk status and any applicable financial security requirements under Resolution 812. These conditions will be notified in advance of the introduction of the new Resolution 812.
• All agents will be able to issue transactions using Iata EasyPay, the new e-wallet solution.
