NYSE:CEA

SriLankan Airlines Leverages UATP Merchant Status to Accelerate Growth and Reduce Payment Costs

Retrieved on: 
Wednesday, April 10, 2024
SriLankan Airlines, Safety, SATA, Travel, Partnership, Flag, Aircraft, Organization, AFPS, Merchant, Bandaranaike International Airport, Airline

WASHINGTON, April 10, 2024 /PRNewswire/ -- SriLankan Airlines, the national airline of Sri Lanka, has reaffirmed its Merchant status with UATP, the global payment network that enables organizations to simplify payment processes to expand their payment capabilities. As part of the UATP network, SriLankan Airlines can accept UATP payments in a variety of sales channels across multiple countries and currencies, ultimately helping the airline fuel its expansion and profitability goals.

Key Points: 
  • WASHINGTON, April 10, 2024 /PRNewswire/ -- SriLankan Airlines , the national airline of Sri Lanka, has reaffirmed its Merchant status with UATP , the global payment network that enables organizations to simplify payment processes to expand their payment capabilities.
  • As a UATP Merchant, SriLankan Airlines will be able to reduce its overall payment acceptance costs - and therefore its distribution costs as well as access sellers whose preferred payment method is UATP, including major travel agencies and corporate travel management companies.
  • As a UATP Merchant, airlines like SriLankan Airlines can increase conversion rates and reduce transaction costs while minimizing risk and improving their ability to service corporate clients.
  • For more information about the UATP and SriLankan Airlines partnership or to speak with company executives, please contact Wendy Ward at [email protected] .

UATP Receives Patent Approval for Innovative New Payment Technology

Retrieved on: 
Thursday, February 15, 2024
AFP, BSP, UATP, Patent, Organization, United States patent law, AFPS, Travel, Online shopping

WASHINGTON, Feb. 15, 2024 /PRNewswire/ -- UATP, the global payment network that enables organizations to simplify payment processes to expand their payment capabilities, has received approval from the US Patent and Trademark Office for patented Enhanced Intermediate Server technology that will improve the speed, efficiency and control of processing transactions for merchants utilizing the UATP One platform. This is the second patent UATP has received for its payment technology since 2021, reflecting its commitment to innovation and exploring new ways to add value for its clients.

Key Points: 
  • The second patent awarded to UATP since 2021 covers technology that speeds and streamlines transactions between acquirers and the UATP One platform.
  • WASHINGTON, Feb. 15, 2024 /PRNewswire/ -- UATP , the global payment network that enables organizations to simplify payment processes to expand their payment capabilities, has received approval from the US Patent and Trademark Office for patented Enhanced Intermediate Server technology that will improve the speed, efficiency and control of processing transactions for merchants utilizing the UATP One platform.
  • This is the second patent UATP has received for its payment technology since 2021, reflecting its commitment to innovation and exploring new ways to add value for its clients.
  • The patent for the parsing engine is the second patent awarded to UATP since 2021, when its Alternative Forms of Payment (AFP) processing solution, Ceptor, was granted patent protection.

UATP INVITES TRAVEL INDUSTRY EXECUTIVES TO AIRLINE DISTRIBUTION® 2024

Retrieved on: 
Tuesday, December 12, 2023
UATP, Travel, CMO, Airline, Tourism

WASHINGTON and VIENNA, Dec. 12, 2023 /PRNewswire/ -- UATP invites global airlines and industry executives to attend Airline Distribution 2024.  The event will be held at the Palais Hansen Vienna, 12-14 March 2024 in Vienna, Austria. 

Key Points: 
  • WASHINGTON and VIENNA, Dec. 12, 2023 /PRNewswire/ -- UATP invites global airlines and industry executives to attend Airline Distribution 2024.
  • Airline Distribution brings together a variety of industry leaders from around the world to discuss significant distribution issues in a neutral forum.
  • "Airline Distribution is a must-attend event to learn from the experts who work daily to solve the complex distribution issues facing the industry today," said Wendy Ward, CMO, UATP.
  • To learn more about Airline Distribution 2024 and to register, please visit: https://uatp.com/airline-distribution/
    If you are interested in sponsoring or speaking at Airline Distribution 2024, contact [email protected] .

SAVE THE DATE - UATP'S AIRLINE DISTRIBUTION® 2024!

Retrieved on: 
Tuesday, October 24, 2023
UATP, Airline, Travel, Tourism

WASHINGTON, Oct. 24, 2023 /PRNewswire/ -- UATP welcomes global airlines and travel industry leaders to attend Airline Distribution® 2024.  Airline Distribution® 2024 will take place 12-14 March at the Palais Hansen in Vienna.

Key Points: 
  • WASHINGTON, Oct. 24, 2023 /PRNewswire/ -- UATP welcomes global airlines and travel industry leaders to attend Airline Distribution® 2024.
  • Airline Distribution® 2024 will take place 12-14 March at the Palais Hansen in Vienna.
  • Airline Distribution® will focus on the many facets of airline distribution, with speaker panels of airline and industry leaders discussing outlook and trends in business travel, airline executive interviews, evolution of payments, advancements of technology impacting travel and much more.
  • To learn more about Airline Distribution® 2024, please visit: https://uatp.com/airline-distribution/
    If you are interested in sponsoring or speaking at Airline Distribution® 2024, please contact [email protected] .

Vistara Becomes a UATP Merchant to Expand Selling Ability and Fuel Growth

Retrieved on: 
Wednesday, September 13, 2023
AFPS, Partnership, Travel, Tata Group, Airport, CMO, Singapore Airlines, Growth, Ecosystem, Air India, Airline, Online shopping, UATP

LONDON and WASHINGTON, Sept. 13, 2023 /PRNewswire/ -- Vistara, India's finest full-service carrier and a joint venture of the Tata Group and Singapore Airlines, has become a UATP Merchant. This allows Vistara to accept payments across all channels.

Key Points: 
  • Vistara will enjoy lower payment acceptance costs, helping it reduce its overall cost of distribution for the airline.
  • Vistara chose the UATP network due to its ability to reduce complexity while maximizing revenue potential.
  • Participating as a merchant, the UATP network enables airlines to accept UATP payments in a variety of sales channels across multiple countries and currencies.
  • For more information about the UATP and Vistara partnership or to speak with company executives, please contact Wendy Ward, CMO, at [email protected] .

Vistara Becomes a UATP Merchant to Expand Selling Ability and Fuel Growth

Retrieved on: 
Wednesday, September 13, 2023
AFPS, Partnership, Travel, Tata Group, Airport, CMO, Singapore Airlines, Growth, Ecosystem, Air India, Airline, Online shopping, UATP

LONDON and WASHINGTON, Sept. 13, 2023 /PRNewswire/ -- Vistara, India's finest full-service carrier and a joint venture of the Tata Group and Singapore Airlines, has become a UATP Merchant. This allows Vistara to accept payments across all channels.

Key Points: 
  • Vistara will enjoy lower payment acceptance costs, helping it reduce its overall cost of distribution for the airline.
  • Vistara chose the UATP network due to its ability to reduce complexity while maximizing revenue potential.
  • Participating as a merchant, the UATP network enables airlines to accept UATP payments in a variety of sales channels across multiple countries and currencies.
  • For more information about the UATP and Vistara partnership or to speak with company executives, please contact Wendy Ward, CMO, at [email protected] .

UATP Data Indicates Travel Industry Recovering Faster than Initial Projections

Retrieved on: 
Tuesday, June 6, 2023
IATA, PayPal, Overalls, AFP, Growth, AFPS, Travel, UATP, News, Tourism, Online shopping, Airline

WASHINGTON, June 6, 2023 /PRNewswire/ -- New internal data from global payment network UATP indicates that business travel is well on its way to a full recovery, defying some predictions that it would take until at least 2024 for a complete comeback. Leisure travel has also regained its full strength, showcasing a robust resurgence in the sector.

Key Points: 
  • "UATP has reached 95% of 2019 volume levels for corporate travel in 2023, while leisure travel, as indicated by our AFP volume levels, shows growth well over 100% within the same period," says UATP President and CEO Ralph Kaiser.
  • As a leading provider of payment solutions for corporate travel, UATP holds a unique advantage in collecting and analyzing this data effectively.
  • With UATP's widespread acceptance across the globe, its data serves as a reliable indicator of overall air travel volume and demand.
  • For more information about UATP and its payment network or to speak with a UATP company executive, please contact Wendy Ward, Chief Marketing Officer, at [email protected] .

Flocash Joins UATP Payment Network, Expanding Payment Options to Travel Agencies in the MEA Region

Retrieved on: 
Tuesday, May 23, 2023
Partnership, Ecosystem, Travel, MEA, Collection, B2B, Airline, Online shopping, UATP

WASHINGTON, May 23, 2023 /PRNewswire/ -- Flocash, the leading provider of travel payments and distribution in the Middle East and Africa, has partnered with UATP, a premier global payment network. Flocash's partnership with UATP will enable the thousands of travel agencies within its ecosystem to utilize UATP payment options, creating synergies with airlines in the region already using Flocash and UATP for B2B payments and reducing the overall cost of payments for those airlines.

Key Points: 
  • Flocash's partnership with UATP will enable the thousands of travel agencies within its ecosystem to utilize UATP payment options, creating synergies with airlines in the region already using Flocash and UATP for B2B payments and reducing the overall cost of payments for those airlines.
  • The expanded partnership with Flocash represents the next step in UATP's continued global growth, specifically in the MEA region.
  • The company currently supports the most extensive collection of local payment options in the MEA region, including 200+ payment options, 5,000+ bank branches, 20,000+ cash points and 30+ currencies.
  • For more information about the UATP and Flocash partnership or to speak with company executives, please contact Wendy Ward, UATP CMO, at [email protected] .

WestJet Connects to UATP One Merchant Services for Payment Processing

Retrieved on: 
Wednesday, December 14, 2022
AAL, Air New Zealand, Lufthansa, Travel, AirPlus International, Payment, TUI fly Deutschland, Hotel manager, Atmosphere, Frontier Airlines, WestJet, JetBlue, Qantas, ISE, Delta Air Lines, Shandong Airlines, Partnership, UAL, Link Airways, Datastream, El Al, TSE, BCD Travel, Southwest Airlines, Avianca, Data, LATAM Airlines Group, NYSE, Gol Linhas Aéreas Inteligentes, Public Company Accounting Oversight Board, Nuvei, Etihad Airways, Issuer, GOL, Air China, Air Canada, Airline, EL, AC, Sichuan Airlines, APG Airlines, CEA, Business development, Air Niugini, JP, BSP, Sun Country Airlines, Payment card, Online shopping, Amtrak, UATP, American Airlines, Austrian Airlines, Aeroméxico, United Airlines, Japan Airlines, Turkish Airlines, China Eastern Airlines

WASHINGTON, Dec. 14, 2022 /PRNewswire/ --Global payment network UATP has announced that a portion of WestJet's payment processing is now being serviced through UATP One Merchant Services.

Key Points: 
  • WASHINGTON, Dec. 14, 2022 /PRNewswire/ --Global payment network UATP has announced that a portion of WestJet's payment processing is now being serviced through UATP One Merchant Services.
  • WestJet, an existing UATP Issuer, added UATP One to its product base, utilizing the partnership for acquiring capabilities and enhanced payment processing.
  • UATP One provides a wide range of payment solutions and customized reporting capabilities, as well as an indirect credit card processing solution that connects airlines to all 152 billing and settlement plans (BSP).
  • UATP connects airlines to Alternative Forms of Payment which can expand reach and generate incremental sales globally.

SAVE THE DATE - UATP'S AIRLINE DISTRIBUTION® 2023!

Retrieved on: 
Tuesday, November 15, 2022
Air Serbia, Avianca, Secure, Air Niugini, APG Airlines, Etihad Airways, Lufthansa, SVP, Frontier Airlines, AirPlus International, Datastream, GOL, Air New Zealand, ISE, Data, Public Company Accounting Oversight Board, AC, Delta Air Lines, Russian Industrial Leaders Index, Issuer, TSE, UAL, Air China, TUI fly Deutschland, BCD Travel, WestJet, LATAM Airlines Group, Shandong Airlines, Air Canada, NYSE, Marketing, Education, JetBlue, Sichuan Airlines, Airline, Qantas, AAL, Gol Linhas Aéreas Inteligentes, NASDAQ, Payment, JP, Sun Country Airlines, CEA, EL, Atmosphere, Southwest Airlines, El Al, Charles Street Jail, Tourism, American Airlines, China Eastern Airlines, Turkish Airlines, United Airlines, Aeroméxico, Japan Airlines, UATP, Travel, Austrian Airlines, Amtrak

WASHINGTON, Nov. 15, 2022 /PRNewswire/ -- UATP welcomes global airlines and travel industry leaders to attend Airline Distribution 2023.  Airline Distribution 2023 will take place 7-9 March at The Liberty Hotel in Boston.

Key Points: 
  • Airline Distribution 2023 will take place 7-9 March at The Liberty Hotel in Boston.
  • Airline Distribution is UATP's annual interactive conference that focuses on important distribution issues affecting the airlines.
  • Airline Distribution will focus on the many facets of airline distribution, with a mixture of airline and industry leaders featuring the recovery of business travel, airline interviews, payment advancements, changing technology and much more.
  • To learn more about Airline Distribution 2023, please visit: https://uatp.com/airline-distribution-2023/
    If you are interested in sponsoring or speaking at Airline Distribution 2023, contact [email protected] .