The combination of #airlines, #travel and #payments produces quite a lot of acronyms which can be quite confusing when entering this space from both a merchant and a vendor perspective. Some have been around for such a long time (early 70’s!) that even seasoned professionals don’t know what they stand for! I regularly receive requests to include a list in my workshops, with this bingo card you make it part of your team meeting and/or internal training.
If you’re not sure if you can name them all correctly, see the list below:
GDS – Global Distribution System
DMC – Destination Management Company
PNR – Passenger Name Record
NDC – New Distribution Capability
PSS – Passenger Service System
RMS – Revenue Management System
CRS – Central Reservation System
TMC – Travel Management Company
PWYF – Pay When You Fly
HEDNA – Hotel Electronic Distribution Networking Association
MCP – Multi Currency Pricing
VCN – Virtual Card Number
ADM – Agency Debit Memo
APM – Alternative Payment Method
ARC – Airline Reporting Corporation
CUSS – Common Use Self Service
PAX – Passenger
CUTE – Common Use Terminal Equipment
BSP – Bill Settlement Plan
BBR – Bill Back Request
HOT – Hand Off Tape
EMD – Electronic Miscellaneous Document
TIP – Transparency In Payments
PMS – Property Management System