Deutsche Bank is teaming up with the International Air Transport Association (IATA) to pilot a payments model that sees card transactions ditched in favour of money being taken directly from customer bank accounts.
The German lender say that the new model, in line with PSD2, will offer better fraud protection for the airline trade association's members thanks to two-factor authentication.
Meanwhile, the fact that direct payments will be processed and received in near-real time means that airlines will benefit from the acceleration of their funds, generating significant working capital and liquidity benefits.
For travellers, Deutsche Bank claims, this will result in more choice, a smoother and less complex payments process and ultimately more convenience when paying for airline travel.
Shahrokh Moinian, global head, cash products, Deutsche Bank, says: "This solution marks our strong commitment to innovation and our desire to transform regulatory initiatives into opportunities for our major clients involved in the B2C industries - starting with IATA."