Integrated payments company Shift4 has teamed up with UATP to integrate the latter’s patented technology into its payment infrastructure, with a focus on the global travel market.
UATP operates a global network that facilitates payment types for businesses, including issuers, merchants, and corporate account holders.
The integration is expected to provide enhanced tools and help merchants in travel industry with payment systems.
UATP’s capabilities include connecting companies to alternative forms of payment (AFPs) and offering data tools, DataStream and DataMine, which deliver account details to issuers and corporate account holders.
UATP Merchant Solutions vice president Teresa Rivera said: “We are thrilled to help enhance Shift4’s acquiring solutions for the travel industry. UATP’s technology has been developed to solve complex challenges in new and different ways, and we believe that Shift4 will be able to deliver exceptional value to its customers.”
Shift4 global travel VP Jeremy Dyball stated: “Our agreement with UATP will allow us to expand our capabilities in the travel industry while delivering a world-class solution to merchants. With UATP’s innovative and state of the art technology, we’re excited to increase the performance, reliability, and adaptability of our services to ensure we meet the evolving needs of our customers.”
In February, Shift4 agreed to acquire Global Blue, a Swiss payments and technology firm, for $7.50 per common share in cash.
The acquisition is set to merge Global Blue’s merchant solutions with Shift4’s global payments platform.
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