Accepting payments in the airline industry is not one size fits all. Credit and debit cards currently reign as the online payment of choice, but this trend is quickly changing. Airlines will thrive once they realize that accepting Alternative Forms of Payment can expand reach and generate incremental sales. UATP is the source for connecting airlines to AFPs.
Benefits of Accepting AFPs
- Grow new customer base
- Reconcile billing statements with ease
- Increase conversion rates
- Drive down costs
- Lower fraud risk
Travelers can select Affirm installments at checkout to buy & travel now and pay over 3, 6, and 12 months in a way that best fits their cash flows. Affirm has helped merchants lift sales conversions by 10-15% and AOV by 90%, as travelers can now pick more favorable seats and routes. Affirm settles with merchants on a daily rolling basis, assuming all repayment and fraud risk and supporting full or partial refunds.
eNett International is a joint venture company between Travelport and PSP International, established to provide innovative and integrated payment solutions tailored for the travel industry. It’s world-class solutions include credit card processing, domestic and international electronic funds transfer, merchant services and the issuing of virtual cards for instant account settlement. Best-in-class technology allows access as an independent system or via an array of integrated platforms. A key component of eNett International’s offering is the central collection of data relating to payments; delivering process efficiencies, cost reductions and increased distribution across the travel value chain.
GiroSolution gives UATP customers access to guaranteed European online banking based transfer processes. Hundreds of different online payment methods are offered around the world for paying via the internet. But payment mentalities vary widely depending on the country.
While in countries like the USA or the UK the credit card is the most commonly used payment method, the picture is very different in Germany, Austria and the Netherlands. Here, the credit card is completely underrepresented among private customers. This means that airlines that mainly rely on the credit card as an online payment method in these countries lose business.
Givex is a technology company offering clients a global reach with cost-effective gift card, omni-channel loyalty, stored-value tickets, analytics and cloud-based POS systems. Our core distinction is taking on the tough task of managing all aspects of the transaction to ensure companies can deliver maximum customer satisfaction. Givex products and services give you insight into your data to enable you to better drive sales growth, customer relationship management and enterprise resource planning.
Latitude Financial Services is a leading consumer finance business in Australia and New Zealand, offering 2.5 million customers a broad range of finance products including personal loans, credit cards, insurance and interest-free promotional and retail offers.
Limonetik is a payment technology platform that expands a merchant’s choice of payment methods while minimizing the impact on the organization. The UATP/Limonetik partnership provides a solution to simplify the acceptance of alternative payment methods through a seamless integration in the reservation, payment, and back office systems. Leveraging its broad portfolio of alternative payment methods, Limonetik enables the payment via the customer’s method of choice, and the conversion of this transaction into a UATP virtual card payment to be processed in the airline’s existing infrastructure. With this solution, Limonetik provides a complete set of services including the reconciliation, refund management, as well as fund collection. This solution is an opportunity for airlines to easily customize on demand their portfolio of alternative payment methods, while avoiding the burden of managing new partnerships, connectivity, and system changes.
Contactless Payments are on the rise, and we turned it into a fraud-fighter. Paymagnet enables airlines to accept contactless (credit-card) payments and without adapters, directly within their app, at the clients smartphone.
Simply tap a credit-card towards your phone´s NFC sensor, we scan the card, validate and process it instantly. “A physical card must be present” – so by transforming online-transactions into “card-present” we make e-commerce and airlines agnostic to card-fraud. And yes, it works within websites as well.
Named as one of the top 20 Fintech companies in the USA by BBVA recently, we focus on verticals with enormous potential in terms of card-transactions and shift to contactless. Paymagnet was founded with the basic principle of offering the most intuitive, personal and secure mobile-NFC-interface that provides our OTA and airline clients the ability to integrate paymagnet white-labeled into their existing app!
“We simplemented it!” Through our partnership with UATP, Airlines can now cut the integration costs, by uzilizing their existing UATP integration in the backend.
At PayPal (Nasdaq:PYPL), we put people at the center of everything we do. Founded in 1998, we continue to be at the forefront of the digital payments revolution. PayPal gives people better ways to manage and move their money, offering them choice and flexibility in how they are able to send money, pay or get paid. We operate an open, secure and technology agnostic payments platform that businesses use to securely transact with their customers online, in stores and increasingly on mobile devices.
In 2015, 28% of the 4.9 billion payments we processed were made on a mobile device. With our 188 million active customer accounts, PayPal is a truly global payments platform that is available to people in more than 202 countries, allowing customers to get paid in more than 100 currencies, withdraw funds to their bank accounts in 56 currencies and hold balances in their PayPal accounts in 25 currencies.
Planet Payment (NASDAQ:PLPM) is a leading provider of international payment and transaction processing and multi-currency processing services. Planet Payment provides services in 21 countries and territories across the Asia Pacific region, the Americas, the Middle East, Africa and Europe, primarily through our 70+ acquiring bank and processor customers. The Company’s point-of-sale and e-commerce services help merchants sell more goods and services to consumers, and together with ATM services, are integrated within the payment card transaction flow enabling acquiring customers, their merchants and consumers to shop, pay, transact and reconcile payment transactions in multiple currencies, geographies and channels.
SafetyPay is a secure online payment solution which enables shoppers to make internet purchases directly from their online bank account in real time, with their local currency. No credit card is required. The safe online payment solution was developed in response to the need for an intelligent, anti-fraud payment method. Through SafetyPay, shoppers will be able to purchase travel services and pay from their online bank account without the need to disclose any personal financial information. SafetyPay eliminates fraud and identity theft, is free for the consumer and is easy to use. In addition, SafetyPay’s unique e-commerce payment solution will specifically meet the needs of Airline customers who are hesitant to use credit cards to purchase their travel. Through SafetyPay, UATP’S network will have the capacity to directly reach over 100 million international shoppers in the emerging Latin American market. SafetyPay currently has operations and a strong global presence in Brazil, Peru, Costa Rica, Mexico, Spain and Austria. At the end of 2011 USA, Canada, United Kingdom and Australia will be available. In 2012, SafetyPay will be expanding to Panama, Colombia, Chile and Argentina. SafetyPay’s mantra is “shop globally and pay locally.”
With its payment system SOFORT, SOFORT Paycode and the Online Verification System SOFORT Ident, SOFORT offers innovative products to ensure a secure purchasing of goods and digital products on the Internet. The company based in Gauting near Munich (Germany) is part of the Klarna Group, the leading European payment provider. With its product SOFORT the company is the market leader among the direct transfer systems in Germany. Over 35,000 ecommerce shops handle more than four million transactions with SOFORT per month. Besides Germany, the services are available in Austria, Belgium, Czech Republic, France, Hungary, Italy, the Netherlands, Poland, Spain, Slovakia, Switzerland and the UK.
Stored Value Solutions (SVS) is the leading provider of retail gift, reward and promotional cards – both plastic and digital – that influence consumer behavior and drive incremental sales for premier brands around the world. Our mission is to work with brands to measurably increase their overall sales by providing innovative solutions, outstanding service and support, and a consultative approach.
As a pioneer and expert in the prepaid space, SVS’ diverse portfolio translates to more 600 million card products and over 1.25 billion transactions annually.
We enable brands to engage with their consumers through multiple channels, delivering exceptional programs that include:
- Flexible technology cantered around Client Enablement
- Proactive approach to card design, merchandising, web & mobile interactivity that delivers higher sales
- Optimized standards of card production and on-time delivery to all distribution channels
- Reliable processing with 100% uptime
- Superior analytics that enable critical insights into clients’ card programs
Premier brands like Air Canada, American Airlines, US Airways, Gap, BP, Applebee’s, Hyatt, Omni Hotels, AVIS, Game Stop and Tesco rely on SVS for an array of B2B and B2C solutions, such as:
- Gift & Refund Cards
- Promotional cards
- Loyalty and Reward cards
- Employee incentives
- eCommerce platform
- Mobile & Digital delivery
Our global breadth, industry expertise and unique solutions deliver quantifiable growth and profitability for our clients. For more information about driving sales with effective stored value solutions, contact the experts at SVS.
At Trustly, we envision a world in which online payments are fast, simple and secure for everyone — merchants, consumers and banks alike.
One hundred years ago, cash was king. People got paid in cash, carried it in their wallets, and bought things with it at the local store. Payment was easy. Oh, how the times have changed. Today, our salaries are deposited straight into our bank accounts and we shop online, from merchants all around the world. So why is it so hard to pay straight from our bank accounts?
For consumers, paying online should be as easy as sliding a bill across the counter. And accepting payments and issuing refunds should be the least of merchants’ worries. Credit cards, debit cards, e-wallets, invoices and cash-on-delivery are all middlemen levying fees, debt and interest for the simple task of moving money from one person to another.
At Trustly, we work hard to make online payments fast, simple and secure.
With its Payment Marketing Platform, UpLift is transforming the way travel providers use online payments. UpLift is working with the world’s largest travel companies to use payments as a marketing tool that boosts conversion, increases revenue and decreases costs.
Pay Monthly, UpLift’s flagship product, enables travel providers to offer customers the ability to buy now, but pay over time – with rates as low as 4.99%. Through installment payments, travel providers will boost conversion, increase average order value, merchandise products and reduce costs. UpLift makes it easy for partners to offer installment payments. UpLift take all fraud, repayment and chargeback risk and handle all loan servicing. In addition, UpLift accepts and promotes travel providers’ co-branded credit cards.
Wirecard AG is one of the world’s leading independent providers of outsourcing and white label solutions for electronic payment transactions. The Wirecard Group has been supporting companies in accepting electronic payments from all sales channels. A global multi-channel platform bundles international payment acceptances and methods, supplemented by fraud prevention solutions. When it comes to issuing their own payment instruments in the form of cards or mobile payment solutions, Wirecard provides companies with an end-to-end infrastructure, including the requisite licenses for card and account products.
Wirecard AG is listed on the Frankfurt Securities Exchange (TecDAX, ISIN DE0007472060, WDI).
THIRD PARTY PROCESSORS
Third Party Processors provide various services to UATP Issuers to help manage their programs, ranging from full service program management to a-la-carte offerings based on Issuer needs.