17 August 2017
Find out more

Moneta and UATP team on airline payments

24 November 2008  |  1945 views  |  0 Source: Universal Air Travel Program

Universal Air Travel Program (UATP), the low cost payment network privately owned by the world's airlines, announced it has partnered with Moneta to support Moneta's online payment wallet for the 250 airlines utilizing UATP payment gateway services.

Moneta offers consumers, airline and merchants a convenient, safe and affordable payment method which is distributed and marketed through the consumer's bank. Airlines using the UATP payment gateway connection can activate Moneta on their retail checkout site with no infrastructure investment and minimal configuration.

"The Moneta-UATP partnership provides a low-cost payment option for airlines while enhancing consumer confidence and loyalty for both airlines and banks," said Ralph Kaiser, president and chief executive officer, UATP. "As our network of airlines continues to grow, we look forward to assisting Moneta in expanding their airline distribution."

Initially, Moneta transactions will use the U.S. ACH debit network, enabling consumers to pay directly from their checking or money market accounts. In 2009, Moneta plans to offer additional payment options including international debit payments, credit cards, pay later and pay early functionality. The Moneta service is free to consumers and is available to customers in the United States, Puerto Rico and U.S. Virgin Islands.

"Partnering with UATP underscores the ease of implementing Moneta's online wallet for airlines," said Guido Sacchi, CEO of Moneta. "By integrating into the UATP gateway service, airlines can take immediate advantage of lower online transaction costs. Additionally, airlines offering Moneta will enjoy the ability to reach new customers through our bank partner network. Airlines selecting the UATP-Moneta solution will realize not only cost savings, but the ability to market their airlines through online banking customers either on a per-market basis or around the country."

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
download the paper nowvisit www.dorsum.euvisit www.niceactimize.com

Top topics

Most viewed Most shared
Coinbase raises $100mCoinbase raises $100m
10258 views comments | 14 tweets | 14 linkedin
DBS Bank launches online car selling marketplaceDBS Bank launches online car selling marke...
9612 views comments | 13 tweets | 11 linkedin
China preps central clearing house for mobile payments providersChina preps central clearing house for mob...
9462 views comments | 8 tweets | 15 linkedin
HSBC automates documentary trade processing with IBMHSBC automates documentary trade processin...
8446 views comments | 6 tweets | 21 linkedin
Monzo appoints Curve co-founder Foster-Carter COOMonzo appoints Curve co-founder Foster-Car...
7923 views comments | 1 tweets | 2 linkedin

Featured job

Find your next job