UATP’s global financial payment network continues its expansion with the addition of two new direct connections to the International Air Transport Association (IATA) billing and settlement plans (BSP): BSP Bolivia and BSP Haiti.
BSP Bolivia and BSP Haiti join over thirty BSPs worldwide, which process UATP transactions directly with ATCAN, UATP’s central, global transaction- processing system.
UATP works in conjunction with IATA to connect to BSPs around the globe to facilitate and simplify the selling, reporting and remitting procedures of IATA Accredited Passenger Sales Agents, as well as improve financial control and cash flow for BSP airlines.
“Increasing efficiency and cutting costs are critical to the continued success of the industry. Increasing the number of BSP connections allows airlines and agents to work through one central point to process their financial settlements which boosts efficiency levels,” said Tom Murphy, SVP Industry Distribution and Financial Services, IATA. “By working with all channels, the industry increases efficiency as seen through the IATA-UATP partnership.”
“Streamlining acceptance of UATP as a form of payment, via the BSP to our acquirer network, ATCAN, significantly reduces processing times and increases efficiency for UATP’s airline and agency merchants,” said Ralph Kaiser, president and CEO, UATP. “UATP will continue to work with IATA to foster growth and increase UATP acceptance across the globe to accommodate all future needs.”
Once a BSP is connected to ATCAN, it can send data directly to ATCAN on a Merchant’s behalf. Merchants simply have to instruct the BSP to send the data to ATCAN and discontinue their current method for submitting BSP data to ATCAN.