WASHINGTON and LONG BEACH, N.Y., Oct.
4, 2016 /PRNewswire/ -- UATP is pleased to announce
that the cutting-edge payment processing platform, Planet Payment,
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 (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 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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SOURCE UATP