Travelport and U.K. payment firm PSP International created a joint venture enabling "automated payments, settlement and reporting"

for the travel industry, called eNett. Travelport holds the majority stake in the venture, which promises to provide low cost carriers and other travel suppliers in the Asia-Pacific region, Europe and United States the ability to offer "tailored credit and settlement terms," and also is working on "solutions for corporate travel such as automated hotel bill back generation.