UATP Partners With Planet Payment to Connect International Alternative Forms of Payment With Airlines
October 04 2016 - 8:00AM
UATP is pleased to announce that the cutting-edge payment
processing platform, Planet Payment (Nasdaq:PLPM), has joined the
Network to give airline Merchants access to a wider portfolio of
alternative forms of payment. Working with Planet Payment will help
Merchants capture more sales by offering the optimal payment set-up
for every market.
“Planet Payment’s international payment platform will allow
airline Merchants to gain greater access to critical markets, such
as China, where outbound travel spend is expected to reach $255.4
billion by 2025,” said Paul Levine, SVP, Planet Payment. “Solving a
significant barrier to accepting the most widely issued card in the
world, we will be able to provide a way to elegantly accept
UnionPay Debit cards by the end of 2016.”
Planet Payment is a leading provider of international payment,
transaction and multi-currency processing services. The US-based
company will focus on bringing international AFPs to airline
Merchants. The partnership will give the Network access to more
than 300 local and alternative payments around the world, such as
UnionPay. Historically, accepting UnionPay Debit Cards required a
re-direct of the consumer which caused friction and
cart-abandonment in the payment process. Planet Payment’s
solution will allow for the acceptance of both credit cards and
debit cards leveraging a unique one-time passcode created for each
transaction sent via SMS to the cardholder. The solution also
supports billing the cardholder in their local currency, i.e.
Renminbi or Hong Kong Dollars, and the merchant is protected from
any fraud chargebacks as a result of SMS authentication.
“Adding Planet Payment to the Network is a big win for our
airlines,” said Ralph Kaiser, President and CEO, UATP. “The
partnership will greatly boost the number of AFPs that they have
access to with no additional work on their end. The airlines will
be able to quickly connect to AFPs without having to worry about
connectivity or system changes.”
For more information, visit UATP.com or
http://www.planetpayment.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,
DataStream℠ and DataMine℠, 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; Air New Zealand; Air
Niugini; American Airlines; Austrian Airlines; China Eastern
Airlines; Delta Air Lines; EL AL Israel Airlines; Etihad Airways;
Frontier Airlines; GOL Linhas aereas inteligentes S.A.; Hahn Air;
Heli Air Monaco; Japan Airlines; Malaysia Airlines; Qantas Airways;
Shandong Airlines; Transavia Airlines; TUIfly GmbH; Turkish
Airlines; United Airlines and WestJet.
AirPlus International issues the UATP-based Company Account for:
British Airways and Lufthansa German Airlines.
ABOUT Planet Payment
Planet Payment is a leading provider of
international payment processing and multi-currency processing
services. We provide our services in 22 countries and territories
across the Asia Pacific region, North America, the Middle East,
Africa and Europe, primarily through our 75 acquiring bank and
processor customers. Our point-of-sale and e-commerce services help
merchants sell more goods and services to consumers, and together
with our ATM services are integrated within the payment card
transaction flow enabling our acquiring customers, their merchants
and consumers to shop, pay, transact and reconcile payment
transactions in multiple currencies, geographies and channels.
Planet Payment is headquartered in New York and
has offices in Atlanta, Beijing, Bermuda, Delaware, Dubai, Dublin,
London, Hong Kong, Mexico City, Shanghai and Singapore. Visit
www.planetpayment.com for more information about the Company
and its services.
Contact:
UATP Corporate Communications
Wendy Ward, wward@uatp.com
+1 202 774 5017
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