ABU DHABI, Sept. 30, 2014
/PRNewswire/ -- The first IATA World Financial Symposium
(WFS), hosted by Etihad Airways, took place 14-18 September in
Abu Dhabi. WFS focused on
supporting sustained airline financial health and brought together
750 executives to discuss financial challenges and issues in
today's aviation industry.
Ralph Kaiser, president and CEO,
UATP, chaired the opening presentation, "The Payment Riddle:
Combining Security, Convenience and Cost" on 18 September. This
session was dedicated to effective payment strategies and reducing
the USD 7 billion in fees that
airlines pay to collect their earned revenue.
"Effective payment strategies are critical," said Kaiser in his
opening statement. "Having the right strategy can significantly
reduce cost and potentially provide incremental revenue."
Kaiser moderated the afternoon panel session, "Seriously, is
there anything that could dethrone cards," which delved into
emerging payment options in the airline industry, including mobile
payments and bitcoin. The panel was comprised of the following
industry experts: Tom Cunningham,
Vice President, Business Development, UATP; Cyril Dougier, Head of
Business Development, MyBank; Jeremy
Dyball, VP Airline Business, Elavon; and Celia Pereiro, Head of Travel Payments Business
Unit, Amadeus.
The symposium included three additional tracks which explored
regulatory changes, environmental requirements, global GDP
projections and causes for low profitability in the airline
industry. In addition to this, WFS housed the industry's most
essential meetings, the 3rd SIS General Meeting, the 9th ICH User
Group Meeting and the 11th AIA Services General Meeting, and the
48th Revenue Accounting Meeting.
For more information or to view a recording of the session,
visit UATP.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, hotel and travel agency payments. 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 New Zealand (ANZFF.PK); Air Nuigini;
American Airlines (NYSE: AAL); Austrian Airlines; China Eastern
Airlines (NYSE: CEA); Delta Air Lines (NYSE: DAL); EL AL Israel
Airlines; Etihad Airways; GOL Linhas aereas inteligentes S.A.
(NYSE: GOL and Bovespa: GOLL4); Hahn Air; Japan Airlines (9201:JP);
Luhfthansa German Airlines; Malaysia Airlines; Qantas Airways
(QUBSF.PK); Shandong Airlines; United Airlines (NYSE: UAL); and US
Airways.
Contact:
UATP Corporate Communications
Wendy Ward, wward@uatp.com
+1 202 626 4077
Photo -
http://photos.prnewswire.com/prnh/20081118/NETU022LOGO
SOURCE UATP