UATP Receives Second Patent Approval for Innovative Alternative Form of Payment Processing Solution
The technology, which will be protected by a US Patent, supports Ceptor, UATP's in-house developed Alternative Form of Payment (AFP) processing solution. Ceptor allows UATP Merchants to connect easily to the hundreds of AFPs offered by UATP without incurring significant integration costs or adopting new reconciliation processes.
This is the third patent UATP has received for its payment technology since 2021, reflecting a commitment to financial technology innovation by continually adding new value for clients. In
"This patent represents our dedication to helping businesses unlock more value from payment technologies. Ceptor provides UATP Merchants with easy connectivity to and efficient reconciliation with multiple AFPs without a heavy technology lift," said UATP President and CEO
Ceptor enables AFPs to quickly connect to Airline Merchants. The technology automatically adapts to each AFP's unique integration, reconciliation and support models. This allows an Airline Merchant to work with as many AFP partners as it chooses, using the same reconciliation process they are accustomed to without investing significant resources to manually reconcile and settle each new set of AFP transactions.
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For more information about the UATP and its patented technologies, please visit UATP.com or contact
ABOUT UATP
UATP is the global payment network simplifying payments in complex industries. We make it easy for businesses to make or accept any type of payment; open new markets, drive growth and reduce costs for Issuers, Merchants, vendors, agents, aggregators and more. UATP is continually innovating to connect companies to new forms of payment (AFPs), and our easy-to-use data tools, DataStream® and
Accepted as a form of payment for corporate business travel worldwide by airlines, travel agencies and Amtrak®; UATP accounts are issued by: Aeromexico; Air Canada (TSE: AC); Air China; Air New Zealand (ANZFF.PK);
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