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TheStreet Open House

GlobalCollect Forms Partnership With UATP As Hotel Acquirer

WASHINGTON, June 27, 2013 /PRNewswire/ -- UATP, the low cost payment network owned by airlines, announced today their new partnership with GlobalCollect, the world's leading Payment Service Provider for the Customer Not-Present channel, as a hotel acquirer.

(Logo: http://photos.prnewswire.com/prnh/20081118/NETU022LOGO )

"GlobalCollect will open a wide range of hotels to the UATP Network by solving the need for acceptance of additional payment methods," said Tom Cunningham, Vice President. Business Development, UATP.  "As a hotel Acquirer, GlobalCollect will help strengthen the network, benefiting our corporate account holders with access to a wide selection of hotels."

GlobalCollect's extensive work in the global banking and payment industry led to the creation of their premier payment platform, WebCollect.  This platform accepts over 170 currencies and more than 150 payment methods, allowing corporations to use their preferred UATP account for hotels.

"We've witnessed the challenges facing today's travel industry and recognize the need for increased payment options," said Mike Carlo, Global Market Leader for Travel, GlobalCollect.  "GlobalCollect's unrivaled payment platform increases revenue while cutting costs.  This partnership will help expand UATP's reach by allowing corporate subscribers greater hotel choice while still using their preferred payment method."

This strategic partnership will add value to the UATP Network, setting new levels of growth.  It will help further growth globally by increasing the card's acceptance at hotels used for corporate travel around the world.  The GlobalCollect and UATP integration will continue to support folio level data supplied to card holders for travel management.  Card holders will have access to more data for purchased travel and hotel stays.

For more information, visit UATP.COM or www.globalcollect.com

About UATP

UATP is a global payment solution owned and operated by the world's airlines and accepted by thousands of merchants for air, rail, hotel and travel agency payments. UATP offers easy-to-use data tools, DataStream SM and DataMine SM, which provide comprehensive account details to Issuers and Corporate Subscribers for accurate travel management.

Accepted as a form of payment for corporate business travel worldwide, UATP accounts are issued by: Aeromexico; Air New Zealand (ANZFF.PK); American Airlines (AAMRQ.PK); 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).

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