MANCHESTER, England, Feb.
14, 2019 /PRNewswire/ -- UATP and Conferma Pay today
announced a partnership to bring virtual card payment technology to
airlines and agencies. This joint solution makes airline payments
more secure and offers superior reconciliation benefits.
With virtual payment, a unique, one-time card number is
generated for each booking with all of the transactions reconciled
back to the central account. The spending controls allow you to
proactively manage purchasing, ensuring the payment is only made
through authorized channels for specific amounts. This ensures
there's no ambiguity about approved spending, reducing the cost for
all parties involved in the transaction process.
Virtual payment technology links the one-time card number with
enhanced data throughout the airline ticketing lifecycle. This
brings efficiencies and control by eliminating the need for manual
reconciliation of booking and payment data. The process is
automatic, saving hours of back office file-checking, eliminating
billing issues, making internal tracking and spend reporting much
easier for organizations.
UATP's customers now have the option to utilize virtual payments
through a global corporate travel ecosystem. The solution powered
by Conferma Pay is integrated directly at the point of sale into
all major global distribution systems, over 100 booking tools and
500 travel management companies.
"We look forward to working with Conferma Pay to provide our
Network members with a more secure, cost effective way to manage
their payments when booking travel," said Dave Holmes, Chief Commercial Officer. "Virtual
payments have become increasingly popular in the travel industry
which makes it important to provide these types of solutions for
our members. Airlines will benefit from the fact that UATP
virtual cards are typically less expensive to accept as
payment."
"Conferma Pay is delighted to be partnering with UATP, the
premier airline payments provider," said Paul Raymond, Director of Strategic
Relationships. "Our partnership will deliver a world class
integrated payment solution, utilizing the global reach of UATP
combined with the innovative technology of the Conferma Pay
platform."
Virtual payments are setting a new standard for a more secure,
fraud-proof method of booking and reconciling air spend for
corporations. Their adoption in North
America and Europe has been
overwhelming with emerging markets representing a huge growth area
in the near future.
About Conferma Pay
Conferma Pay is a global payment technology company, combining
innovation and expertise to consistently find success in pushing
the boundaries of what can be achieved in the payment world.
Conferma Pay flows business transactions on the fastest payment
networks rails, currently linking over 35 issuing banks, 500 travel
management companies, 100 booking tools, many FTSE 100 companies,
all leading global distribution systems (GDS) and governments
across 200 countries and 40 currencies.
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 travel buyers 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; Air Serbia; American Airlines (NASDAQ:
AAL); APG Airlines; 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; Japan Airlines
(9201:JP); JetBlue Airways; Qantas Airways (QUBSF.PK); Shandong
Airlines; Sichuan Airlines; Southwest Airlines; TUIfly GmbH;
Turkish Airlines (ISE:THYAO); United Airlines (NYSE: UAL) and
WestJet.
AirPlus International issues the UATP-based Company Account for
Lufthansa German Airlines.
Contact:
UATP Corporate Communications
Wendy Ward, wward@uatp.com
+1 202 774 5017
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SOURCE UATP