"Easy Pay" (often referred to as IATA Easy Pay in the travel industry) is a specialized "pay-as-you-go" electronic payment method designed to streamline transactions between travel agents and airlines. It functions as a closed-loop e-wallet; a travel agent must first pre-fund their account with a specific amount of money. When the agent issues a ticket for a customer, the IATA Easy Pay system instantly verifies that sufficient funds are available. If they are, the system blocks the required amount and generates a unique authorization code to finalize the ticket issuance. This method is highly beneficial for both parties: for airlines, it provides a secure form of payment with no risk of credit card chargebacks and faster cash flow (settlement usually occurs within 48 to 96 hours). For travel agents, it offers an alternative to "cash sales" that doesn't impact their financial security requirements or credit limits with the airline. In the retail world, similar "Easy Pay" systems (like those on QVC or HSN) allow customers to split a purchase into several interest-free monthly installments using their existing credit card, but in the context of aviation, it remains a professional B2B financial tool.