WASHINGTON, Sept. 15, 2016 /PRNewswire/ -- UATP
announced today that they have teamed up with Affirm, an innovative
financial services provider, to provide technology that will allow
airlines' customers to purchase airfare in flexible installments,
without a credit card. The partnership builds upon UATP's
payment technology platform providing speed to market for the
Affirm product.
"Cost can often influence a customer's decision to purchase, so
travelers are more likely to have the confidence to buy when they
can pay in smaller monthly installments," said Brad Selby, Affirm's Chief Development Officer.
"This valuable partnership will allow Affirm and UATP's member
airlines to better serve these customers' needs, and empower them
while pulling in new sources of revenue."
Affirm is paid directly by the customer and settles the full
amount with UATP's airline members. Affirm also takes on a
significant portion of the repayment and fraud risk. Through
the Affirm partnership, UATP airline members will be able to serve
many responsible customers who may fall outside of the spectrum of
traditional financing.
"Partnering with Affirm will make travel more accessible for
customers who prefer to not use traditional credit cards to pay,"
said Ralph Kaiser, President and
CEO, UATP. "Customers want more safe alternative payment choices
and this will address that need by providing an option that has not
been available to them before."
Working with Affirm gives travelers a more convenient way to pay
over time on a schedule that fits their budget. Customers will be
able to shop for airfare as they normally do, then click the Affirm
link at payment, and apply for financing approval in real time.
This application will not affect the purchaser's credit score.
For more information, visit UATP.com or www.affirm.com.
ABOUT UATP
UATP is a global payment solution owned and operated by the
world's airlines and accepted by thousands of merchants for air,
rail and travel agency payments. UATP connects airlines to
Alternative Forms of Payment which can expand reach and generate
incremental sales globally. UATP offers easy-to-use data tools,
DataStreamsm and DataMinesm, which provide
comprehensive account details to Issuers and Corporate Subscribers
for accurate travel management.
Accepted as a form of payment for corporate business travel
worldwide by airlines, travel agencies and Amtrak®;
UATP accounts are issued by: Aeromexico; Air Canada (TSE:AC) Air
New Zealand (ANZFF.PK); Air Niugini; American Airlines (NASDAQ:
AAL); Austrian Airlines; China Eastern Airlines (NYSE: CEA); Delta
Air Lines (NYSE: DAL); EL AL Israel Airlines; Etihad Airways;
Frontier Airlines; GOL Linhas aereas inteligentes S.A. (NYSE: GOL
and Bovespa: GOLL4); Hahn Air; Heli Air Monaco; Japan Airlines
(9201:JP); Malaysia Airlines; Qantas Airways (QUBSF.PK); Shandong
Airlines; Transavia Airlines; TUIfly GmbH; Turkish Airlines
(ISE:THYAO); United Airlines (NYSE: UAL) and WestJet.
AirPlus International issues the UATP-based Company Account for:
British Airways (LSE: IAG) and Lufthansa German Airlines.
ABOUT AFFIRM
Affirm offers services that empower customers to advance their
financial well-being. Our goal is to revolutionize the banking
industry to be more accountable and accessible to consumers. Today,
Affirm shoppers get the flexibility to buy now and make simple
monthly payments for their purchases. Unlike payment options that
have compounding interest and unexpected costs, Affirm shows
customers upfront exactly what they'll owe — with no hidden fees
and no surprises. Affirm also reaches a broader population of
consumers through advanced technology and analytics that look
beyond traditional FICO scores. These features increase customer
satisfaction over other options.
Contact:
UATP Corporate
Communications
Wendy Ward, wward@uatp.com
+1 202 774 5017
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SOURCE UATP