- Moneta available to more than 250 UATP partnered airlines -
WASHINGTON, Nov. 24 /PRNewswire/ -- 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.
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“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.”
About Moneta Corporation
Moneta Corporation is a leading payments company offering secure, convenient methods for consumers to pay online merchants directly from their checking or money market accounts. Moneta partners with online merchants to accept and process payments, while providing financial institutions branding opportunities during the transaction process. Moneta’s rapidly growing partner network enables online retailers and travel providers to attract valuable customers with a preference for paying directly from their well-established bank accounts. Moneta is a privately-held company headquartered in Atlanta, Ga. For more information visit www.monetacorp.com
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 (NasdaqOTC: JALSY), Northwest Airlines, Qantas Airways, Ltd., United Airlines (Nasdaq: UAUA), and US Airways (NYSE: LCC). AirPlus International issues the UATP-based Company Account for: British Airways (NYSE: BAB), Continental Airlines (NYSE: CAL), and Lufthansa German Airlines. For more information visit http://uatp.com
All trademarks referenced in this press release are the property of their respective owners.
UATP Contact: Moneta Contact:
Wendy Ward Carol Kennemore Kleywegt
202-250-4665 678-398-4097
wward@uatp.com media@monetacorp.com
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