WASHINGTON, Feb. 10, 2015 /PRNewswire/
-- UATP has teamed up with Bitnet as a payment
processing partner. This relationship will allow UATP to offer its
Network of 260+ airlines the ability to accept bitcoin payments in
a simplified manner.
"We are very happy to be partnering with Bitnet to add bitcoin
to our payment platform. We are always looking for skilled partners
to bring additional forms of payment to the UATP processing
platform and Bitnet fits the bill well," said Ralph Kaiser, president and CEO, UATP.
"Partnering with UATP was an obvious choice for Bitnet. Our
partnership will make it easier for UATP's member airlines to
accept payments in bitcoin via a lightweight integration that
avoids impact to downstream systems and leverages existing UATP
reporting and refund interfaces," said Akif
Khan, Vice President of Solutions Strategy, Bitnet. "Bitnet
and UATP share the same mission of lowering transaction costs and
fraud risk for their clients."
The team behind Bitnet formerly worked at CyberSource and Visa
Inc., gaining experience over a decade implementing payment and
fraud management systems for airlines globally. This
understanding of the airline ecosystem has informed the design of
the Bitnet platform, in addition to identifying the key partners
such as UATP within that ecosystem who can help to drive bitcoin
adoption.
For more information, visit UATP.com or www.bitnet.io
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 and travel agency payments. UATP offers easy-to-use data
tools, DataStream℠ and DataMine℠, 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 by airlines, travel agencies and Amtrak®; UATP accounts
are issued by: Aeromexico; Air New Zealand (ANZFF.PK); American
Airlines (NYSE: AAL); 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); Luhfthansa
German Airlines; Malaysia Airlines; Qantas Airways (QUBSF.PK);
Shandong Airlines; United Airlines (NYSE: UAL); and US Airways.
About Bitnet
Bitnet provides a digital commerce platform enabling
enterprise-scale merchants to accept bitcoin payments. With deep
experience in the retail and airline sectors, Bitnet's engineering,
product, and business development team helped build and manage the
world's largest payment gateway, CyberSource (NASDAQ: CYBS), which
was sold to the world's largest payment network, Visa Inc. (NYSE:
V), for $2 billion in 2010. Bitnet
has offices in San Francisco,
California and Belfast, Northern
Ireland.
For Bitnet media enquiries in UK please
contact:
Angela Woodward /
Denis Davies at Berkeley PR
Tel: +44 118 909 090909
Email: Bitnet@berkeleypr.co.uk
For Bitnet media enquiries in US please
contact:
Nic Bain at Clement
| Peterson
Tel: +1 415 496 6173
Email: nic@clementpeterson.com
For UATP media inquiries, please contact:
Wendy Ward|
Tel: +1 202 626 4077
Email: wward@uatp.com
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SOURCE UATP