WASHINGTON, March 24, 2021 /PRNewswire/ -- Today UATP
announced that the US Patent and Trademark Office indicated it will
grant a patent for UATP's technology underlying Ceptor, UATP's
in-house built Alternative Forms of Payment (AFP) processing
solution. Ceptor was built to allow UATP Merchants to connect
easily to AFPs offered by UATP without incurring significant
integration costs.
"We wanted to build technology both to advance and to simplify
the process for our Merchants seeking to accept AFPs and we created
Ceptor as the easy integration option," stated UATP President and
CEO, Ralph Kaiser. "Ceptor enables
Merchants to obtain speed-to-market and connectivity to multiple
AFPs without a heavy technology lift while creating efficient
reconciliation with no further manual processes necessary."
Kaiser continued, "UATP is in a unique position to help the airline
industry and we will continue to innovate and offer the needed
payment options and related technology products to optimize airline
payment strategy."
Ceptor enables AFPs to run on the UATP Network and automatically
adapts to each AFP's unique integration, reconciliation and support
models and connects them to Airline Merchants. This allows an
Airline Merchant to work with as many AFP partners as it chooses,
using the same reconciliation process they are used to without
investing significant resources to manually reconcile and settle
each new set of AFP transactions. As an added benefit, Ceptor
generates tokenized single-use UATP account numbers with each
transaction to provide a more secure environment keeping the
consumer's AFP account details anonymous.
Kaiser added, "The patent approval validates UATP's internal
innovation strategy. We are adding new fintech products and
services and will continue to work with all our partners to solve
the airline industry's payment problems and address future
needs."
For more information, visit UATP.com
ABOUT UATP
UATP is a global payment network 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
China; Air New Zealand (ANZFF: PK); Air Niugini; Air Serbia;
American Airlines (NASDAQ: AAL); APG Airlines; Austrian Airlines;
BCD Travel; China Eastern Airlines (NYSE: CEA); Delta Air Lines
(NYSE: DAL); EL AL Israel Airlines; Etihad Airways; Fareportal;
Frontier Airlines; GOL Linhas aereas inteligentes S.A. (NYSE: GOL
and Bovespa: GOLL4); Hahn Air; High Point; Japan Airlines
(9201:JP); JetBlue Airways; Qantas Airways (QUBSF.PK); Shandong
Airlines; Sichuan Airlines; Southwest Airlines (NYSE: LUV);
Sun Country 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
Wndy Ward, wward@uatp.com
+1 202 250 4665
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SOURCE UATP