Targets Airlines with PIN Based Alternative Form of PaymentWashington, DC – Universal Air Travel Plan, Inc. (UATP), today announced a partnership with HomeATM ePayment Solutions, a global online payment solution and web security engineering firm.
The partnership will initially offer an alternative payment option to the global commercial airline community.
“UATP continues to expand its partnerships into alternative forms of payment with HomeATM, utilizing UATP’s existing connections with the airlines to offer a new form of payment option for consumer use,” said Ralph Kaiser president and CEO, UATP.
“UATP’s goal is to maximize the usage of the network infrastructure and offer to the buying-public the options of payment that they are looking for.”
Addressing the consumer need for online debit card processing abilities, HomeATM developed a secure PIN debit and PIN credit card (as card present) transaction method via the internet; the growing preferred method of payment for consumers and merchants alike.
HomeATM’s unique system utilizes state of the art technology and the HomeATM swipe pad to allow users to conduct secure, PIN-based transactions ensuring virtually zero fraud and with significantly lower merchant processing fee costs.
“Through this partnership, airlines will be able to address the growing demand for alternative forms of payment, significantly reduce their cost and offer the buyer side 99-Sigma security”, said Mitchell Cobrin, chief operating officer, HomeATM.
“Our motivation for aligning with UATP was to extend this most timely payment process to as wide a swath of the travel sector in as short a lead time as possible. Now that it is done, HomeATM will gain speed to market by offering a quasi Plug and Play solution to commercial airlines globally. We could not be more pleased.”
Functionally, HomeATM mirrors brick and mortar POS transaction processes and is the first player in the e-payment space to bring PIN – or dually authenticated – debit to the web environment. In addition - through its PinMyCard technology and with an eye to increasing the security of sensitive buyer data and lowering merchant processing, fraud and reserve costs - HomeATM will be offering airline clients the capability of generating a PIN for use with their credit cards.
For more information, visit http://uatp.com or www.homeatm.net
About UATP
UATP accounts are accepted as a form of payment for corporate business travel by airlines and travel agencies worldwide. UATP accounts are issued by: Aer Lingus, Air New Zealand, American Airlines (NYSE: AMR), Austrian Airlines, Continental Airlines (NYSE: CAL), Delta Air Lines (NYSE:DAL), Japan Airlines (Pink sheets: JALSY.PK), Northwest Airlines (NYSE: NWA), Qantas Airways, Ltd., United Airlines (Nasdaq: UAUA), and US Airways (NYSE:LCC). AirPlus International issues the UATP-based Company Account for: British Airways (Pink sheets:Bairy.pk), Continental Airlines (NYSE: CAL), and Lufthansa German Airlines.
About HomeATM:
HomeATM is the owner of a global patent covering PIN-debit card and PIN-credit card authentication in a browser environment and of patent pending solutions for both a 2nd generation iteration aiming to turn any Internet-enabled device into a fully secured, bank “standard” transaction device as well as a PIN-based dual-authentication conversion process for traditional credit and charge cards, aspiring to be a significant player in online financial services,payment solutions and remittance.
The partnership will initially offer an alternative payment option to the global commercial airline community.
“UATP continues to expand its partnerships into alternative forms of payment with HomeATM, utilizing UATP’s existing connections with the airlines to offer a new form of payment option for consumer use,” said Ralph Kaiser president and CEO, UATP.
“UATP’s goal is to maximize the usage of the network infrastructure and offer to the buying-public the options of payment that they are looking for.”
Addressing the consumer need for online debit card processing abilities, HomeATM developed a secure PIN debit and PIN credit card (as card present) transaction method via the internet; the growing preferred method of payment for consumers and merchants alike.
HomeATM’s unique system utilizes state of the art technology and the HomeATM swipe pad to allow users to conduct secure, PIN-based transactions ensuring virtually zero fraud and with significantly lower merchant processing fee costs.
“Through this partnership, airlines will be able to address the growing demand for alternative forms of payment, significantly reduce their cost and offer the buyer side 99-Sigma security”, said Mitchell Cobrin, chief operating officer, HomeATM.
“Our motivation for aligning with UATP was to extend this most timely payment process to as wide a swath of the travel sector in as short a lead time as possible. Now that it is done, HomeATM will gain speed to market by offering a quasi Plug and Play solution to commercial airlines globally. We could not be more pleased.”
Functionally, HomeATM mirrors brick and mortar POS transaction processes and is the first player in the e-payment space to bring PIN – or dually authenticated – debit to the web environment. In addition - through its PinMyCard technology and with an eye to increasing the security of sensitive buyer data and lowering merchant processing, fraud and reserve costs - HomeATM will be offering airline clients the capability of generating a PIN for use with their credit cards.
For more information, visit http://uatp.com or www.homeatm.net
About UATP
UATP accounts are accepted as a form of payment for corporate business travel by airlines and travel agencies worldwide. UATP accounts are issued by: Aer Lingus, Air New Zealand, American Airlines (NYSE: AMR), Austrian Airlines, Continental Airlines (NYSE: CAL), Delta Air Lines (NYSE:DAL), Japan Airlines (Pink sheets: JALSY.PK), Northwest Airlines (NYSE: NWA), Qantas Airways, Ltd., United Airlines (Nasdaq: UAUA), and US Airways (NYSE:LCC). AirPlus International issues the UATP-based Company Account for: British Airways (Pink sheets:Bairy.pk), Continental Airlines (NYSE: CAL), and Lufthansa German Airlines.
About HomeATM:
HomeATM is the owner of a global patent covering PIN-debit card and PIN-credit card authentication in a browser environment and of patent pending solutions for both a 2nd generation iteration aiming to turn any Internet-enabled device into a fully secured, bank “standard” transaction device as well as a PIN-based dual-authentication conversion process for traditional credit and charge cards, aspiring to be a significant player in online financial services,payment solutions and remittance.
0 comments