Finance Monthly Global Awards 2016 Edition

72 www.finance-monthly.com Finance Monthly Global Awards 2016 USA AVIATION PAYMENT SOLUTIONS FIRM OF THE YEAR Winner: Firm Profile UATP is the airline owned global payment solution accepted by thousands of merchants for air, rail, and travel agency payments. UATP provides a true low-cost alternative to the expensive cost of accepting credit card payments while building and maintaining customers’ loyalty to the airlines. UATP has sales in excess of USD 14 billion worldwide, which produces hundreds of millions of dollars in both savings and revenue for its owners. UATP lowers the cost of payment acceptance, typically 100 basis points less than other card brands. UATP offers easy-to-use data tools, DataStream SM and DataMine SM , which provide comprehensive account details to Issuers and Corporate Subscribers for accurate travel management. DataStream is UATP’s innovative, Web-based billing system. It effortlessly organizes information on a single, centralized system. With the ability to support multiple currencies and languages, DataStream allows airline Issuers to provide incomparable customer service to clients worldwide. DataMine is UATP’s cutting edge transaction portal that provides comprehensive insight into Issuer and Corporate Subscriber accounts. Subscribers can access up to thirteen months of Level III data, and then effortlessly generate reports customized to their specific need. DataMine gives users real-time access to credit limits, balances, and available funds for all UATP account types. UATP’s data tools and solutions help make UATP the preferred form of payment for corporate travel throughout the world. To add value to the Network, UATP partners with innovative processing platforms that diversify UATP’s payment acceptance and channels for airfare payment, both for consumers and corporate clients. UATP’s alternative forms of payment (AFP) partnerships include Alipay, Bitnet, GiroSolution, Givex, Latitude, PayPal, SafetyPay, SVS and Wirecard. These partnerships allow Merchants in the Network to accept AFPs that reach their consumers around the world. UATP has also partnered with Limonetik, AstroPay, and Planet Payment, three technology partners that give Merchants access to a portfolio of 150+ AFPs. To enhance options for corporate clients, UATP has partnered with WEX, a leading provider of corporate payment solutions, to provide the WEX Virtual Credit Card Solution (VCC) to the entire UATP Network. This relationship will allow UATP corporate account holders to pay for hotel and rental cars through the WEX VCC solution. UATP will continue to enhance the Network to benefit further our airline Members. UATP’s ongoing mission is to assist Members with their payment solutions, and to maximize the efficiency of UATP’s Network through new products and partnerships. Contact Details Wendy Ward, VP, Marketing & Communications Address: 1425 K Street, NW, Suite 700, Washington, DC 20005 Tel: 202-774-5017 Email: Marketing@uatp.com Web: UATP.COM