UATP Settlement Services (USS)

UATP offers an in-house settlement service for carriers who are not part of the major clearinghouses (IATA or ATA) to process UATP charges.

USS Explained

What is it?
USS is UATP's in-house settlement service for the processing, settlement and clearing of UATP charges. USS is a low-cost solution that offers settlement in multiple currencies with no currency conversion fees using a neutral exchange rate. Standard USS settlement frequency is on a weekly basis and is fully automated.

Who uses USS?
Air carriers that do not to belong to one of the airline industry clearinghouses (IATA's ICH or ATA's ACH) or rail carriers and travel agency merchants that cannot join these industry clearinghouses can process UATP charges through USS.

USS may also be used by Acquirer members representing such carriers and travel agency merchants to process UATP charges. (See Acquirer memberships.)

Clearing House members that need weekly settlement, or settlement in currencies other than those offered by the clearing houses would also be interested in settling through USS.

What type of transactions are used with USS?
USS can be used to process UATP when it is used as a form of payment for fares sold by air and rail carriers, or for travel packages or agency services sold by travel agencies.

What are the benefits of USS?

  • Weekly settlement
  • Multi-currency settlement
  • No-fee foreign exchange conversion
  • ICH-ACH participation not required
  • Travel Agency and Rail carrier participation in UATP
  • UATP as form of payment for service fees by Travel Agencies
  • UATP as form of payment for 'package fares', 'net fares' or 'consolidator fares' by Travel Agencies

For more information, contact sales@uatp.com.