2016 Press Releases
15 September 2016
UATP Teams With Affirm To Deliver New Payment Solutions For Its Customers
WASHINGTON, Sept. 15, 2016 /PRNewswire/ -- UATP announced today that they have teamed up with Affirm, an innovative financial services provider, to provide technology that will allow airlines' customers to purchase airfare in flexible installments, without a credit card. The partnership builds upon UATP's payment technology platform providing speed to market for the Affirm product.
"Cost can often influence a customer's decision to purchase, so travelers are more likely to have the confidence to buy when they can pay in smaller monthly installments," said Brad Selby, Affirm's Chief Development Officer. "This valuable partnership will allow Affirm and UATP's member airlines to better serve these customers' needs, and empower them while pulling in new sources of revenue."
Affirm is paid directly by the customer and settles the full amount with UATP's airline members. Affirm also takes on a significant portion of the repayment and fraud risk. Through the Affirm partnership, UATP airline members will be able to serve many responsible customers who may fall outside of the spectrum of traditional financing.
"Partnering with Affirm will make travel more accessible for customers who prefer to not use traditional credit cards to pay," saidRalph Kaiser, President and CEO, UATP. "Customers want more safe alternative payment choices and this will address that need by providing an option that has not been available to them before."
Working with Affirm gives travelers a more convenient way to pay over time on a schedule that fits their budget. Customers will be able to shop for airfare as they normally do, then click the Affirm link at payment, and apply for financing approval in real time. This application will not affect the purchaser's credit score.
For more information, visit UATP.com or www.affirm.com.