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IATA acts as an Acquirer for their BSPs


IATA Bank Settlement Plans (BSPs) are designed to facilitate and simplify the selling, reporting and remitting procedures of IATA Accredited Passenger Sales Agents, as well as improve financial control and cash flow for Airlines using BSPs.

A truly worldwide system facilitating the settlement operations for airlines and agents, BSP operates in some 160 countries and territories. Over 80% of worldwide airline revenues are ticketed via IATA travel agencies in the BSP system.

As a UATP Acquirer, IATA enables their BSPs to process Travel Agency Service Fees using the UATP card as a form of payment.

http://www.iata.org/ps/financial_services/bsp