Wirecard Bank Partners with UATP
MUNICH, March 6, 2013
MUNICH, March 6, 2013 /PRNewswire/ --
*White-label solution for airlines
*airberlin is first customer
Wirecard Bank AG, a co-subsidiary of TecDAX listed WirecardAG, 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
Wirecard AG is listed on the Frankfurt Securities Exchange (TecDAX, ISIN
http://www.wirecard.com | http://www.wirecardbank.com |
Wirecard media contact:
Wirecard AGMaren Brandt Einsteinring 35 85609 Aschheim Tel.:
+49-(0)89-4424-1425 Fax: +49-(0)89-4424-2425 E-mail: email@example.com
UATP media contact:
UATPWendy Ward 1301 Pennsylvania Ave, NW Suite 1100 Washington, DC 20004 Tel.:
+1-202-626-4077 E-mail: firstname.lastname@example.org Internet: http://www.uatp.com
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