Kale Consultants said it was chosen by IATA "as the prime technology supplier" for development of the association's "Simplified Interline Settlement initiative." SIS aims to standardize, facilitate and expedite interline billing and settlement in the airline industry, in large part by removing paper from the billing and settlement process. IATA Senior VP-Industry Distribution and Financial Services Tom Murphy said SIS will generate $500 million in annual savings for the industry. When fully ...

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