Posted on 03/06/2013 at 17:12
Wirecard Bank partners with UATP
Wirecard and UATP have already garnered the first client airberlin for a voucher program to be routed through the UATP Network.
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.