|By PR Newswire||
|March 6, 2013 04:33 AM EST||
MUNICH, March 6, 2013 /PRNewswire/ --
- White-label solution for airlines
- airberlin is first customer
Wirecard Bank AG, a co-subsidiary of TecDAX listed Wirecard AG, has entered into a new partnership with UATP. As a result, Wirecard will now be able to offer and route payment solutions to all UATP Merchant types, including air, hotel, rail and travel agencies. Wirecard and UATP have already garnered the first client airberlin for a voucher program to be routed through the UATP Network. airberlin, Germany's second-largest airline, is already using the Wirecard Group's payment processing.
UATP is the world's first charge card, begun in 1936, which airlines offer their corporate clients in order to make travel related payments. UATP makes it easier for large companies to settle business travel. Nearly 260 airlines and thousands of travel agencies accept UATP as a means of payment for tickets, service and administration fees and net flight prices. The cards are used in more than 105 countries around the world.
"UATP is excited about the possibilities of working with Wirecard to enable an easier and more efficient Merchant acceptance process. Wirecard's link to its own bank and technical services spanning the entire value chain allows new business models and opportunities for our joint customers," commented Tom Cunningham, UATP's vice president, business development.
Jörg Möller, executive vice president travel & transportation at Wirecard added: "We are very pleased that, from now on, we offer processing for UATP card payments. We are characterized by our ability to offer customers, such as airberlin, new solutions, better integration, and expansion thanks to alternative payment possibilities in all sales channels."
Wirecard Bank can now issue plastic and virtual cards. The Wirecard platform allows the entire process chain in the payment sector to be processed: from customers' own credit cards, alternative payment methods through to card acceptance. Integrated risk management to avoid payment defaults and subsequent process costs create substantial added value to secure sales.
Visit Wirecard at the ITB in Berlin, Hall 6.1, Stand 139.
UATP accounts are accepted as a form of payment for corporate business travel worldwide by airlines, travel agencies and Amtrak®. UATP accounts are issued by: Aeromexico; Air New Zealand (ANZFF.PK); American Airlines; Austrian Airlines; China Eastern Airlines (NYSE: CEA); Delta Air Lines (NYSE: DAL); EL AL Israel Airlines; Etihad Airways; GOL Linhas aereas inteligentes S.A. (NYSE: GOL and Bovespa: GOLL4); Hahn Air; Japan Airlines (9201:JP); Malaysia Airlines; Qantas Airways (QUBSF.PK); Shandong Airlines; United Airlines (NYSE: UAL); and US Airways (NYSE: LCC).
Wirecard AG is one of the leading international providers of electronic payment and risk management solutions. Worldwide, the Wirecard Group supports over 13,000 companies from a wide range of industry segments in automating their payment processes and minimizing cases of default. Wirecard Bank AG is a Principal Member of Visa, MasterCard and JCB and operates as a credit card acquirer in 69 countries around the world, involving over 100 transaction currencies and 18 payout currencies. Part of the Wirecard Group, Wirecard Bank provides innovative solutions in the fields of corporate banking, prepaid and co-branded cards, along with account products for both business and private customers.
Wirecard AG is listed on the Frankfurt Securities Exchange (TecDAX, ISIN DE0007472060, WDI).
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UATP media contact: