WASHINGTON, Jan. 14, 2020 /PRNewswire/
-- The UATP payment network is pleased to
announce another multi-record-breaking year in 2019.
UATP's Network Charge Volume grew 3% year-over-year while
transactions grew by a healthy 15% resulting in all-time
records.
"We are thrilled to start 2020 with back-to-back record-breaking
years. In addition to the continuous growth across key
metrics, UATP's Alternative Payment Processing business set an
astounding record of 24% year-over-year growth," said Ralph Kaiser, president and CEO, UATP.
"UATP continues to deliver sophisticated payment solutions that
create value for our Shareholders and Stakeholders." Kaiser
continued, "Our hard work has successfully positioned the Network
to accomplish these excellent results allowing UATP to flourish and
work towards yet another highly successful year in 2020."
UATP's core program consists of the Network Charge Card and AFP
Processing business lines. UATP's offerings allow airlines to
reduce the high cost of credit card use and provide important data
for accurate travel management. UATP provides corporate data tools,
DataStream® and DataMine®, to ensure accurate
travel management and supply Level III Data.
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 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; 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
Wendy Ward, wward@uatp.com
+1 202 774 5017
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SOURCE Universal Air Travel Plan, Inc. (UATP)