HomeATM and Universal Air Travel Plan

HomeATM and Universal Air Travel Plan

Posted by John B. Frank Tuesday, November 4, 2008

UATP Offers Payment Option Challenging the High Cost of Other Credit Card Options - MarketWatch

UATP Offers Payment Option Challenging the High Cost of Other Credit Card Options

UATP Offers Airlines/Corporations Option to SAVE!
Last update: 1:14 p.m. EST Nov. 4, 2008

Universal Air Travel Plan, Inc., (UATP), offers a travel payment option that helps to mitigate the high cost corporate credit cards in the market today, while offering revenue streams for Issuers and a low merchant service fee to all Merchants.

Responding to the recent American Express announcement (30 October 2008) of moving forward with "pricing initiatives designed to generate significant additional revenue next year," on some business cards, UATP President and CEO, Ralph Kaiser commented, "The airline industry is already facing a challenging market and, with the global economic forecast, now is not the time to be raising prices and generating revenue at customer expense."

Kaiser added, "While we hope that the airlines and corporations won't be negatively affected by American Express' pricing initiatives, UATP offers a viable option." UATP's core product is a low cost corporate charge card that airlines Issue globally to corporate account holders. The key benefits of UATP cards include:

For Merchants
Low Merchant Service Fees
New Revenue Streams via Additional Flown Revenue
For Corporations

Centralized Billing for Improved Cost Control
Level III Data
No International or Currency Conversion Fees
No Membership or Annual Dues
"UATP continues its vision of offering the best payment option at the lowest possible cost," Kaiser continued. "We are on track to generate more than (US$) 12 billion dollars in charge volume this year and expect further growth in 2009."

In addition to its core corporate travel product, UATP has expanded its offering by utilizing the UATP Network to facilitate alternative forms of payment for current partners HomeATM, PayPal, BillMeLater, gift card partner Stored Value Systems and others.

During 2009, UATP expects to continue growing its partnership base and adding new Merchants and Issuers to the UATP Network.

Contact:
UATP Corporate Communications
Wendy Ward, wward@uatp.com
+1 202 626 4077

SOURCE Universal Air Travel Plan, Inc.
http://www.uatp.com

Copyright (C) 2008 PR Newswire. All rights reserved

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