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The second patent awarded to UATP since 2021 covers technology that speeds and streamlines transactions between acquirers and the UATP One platform.
UATP's patented new technology enables all travel agency transactions which are currently submitted in batch form to be submitted to acquirers individually instead. By removing the constraints of the batch format - where one file or an incomplete passenger record can delay the processing of an entire batch of payments - transactions can be processed much more quickly and efficiently, resulting in increased cost savings and fewer processing lags. Individualizing transaction transmission also allows for more granular control and dynamic routing of sales, a key advantage for UATP One merchants. "This patent represents a significant step forward in how payments are processed. The entire industry has wanted to find an efficient solution to the inefficiencies of batching payments, but no one actually built - until UATP," explained Ralph Kaiser, UATP's President and CEO. "Innovation is integral to our mission and growth strategy, and by adding this key capability to our newest business line, UATP One, we're expanding the horizons of merchant payment services." Patent protection for UATP's parsing engine technology means that any other party seeking to process BSP transactions according to this method must either license the technology from UATP or devise a novel solution. This further cements UATP's efficiency advantage in sorting, reconciling and channeling BSP sales to acquirers, another important benefit for UATP One merchants. The patent for the parsing engine is the second patent awarded to UATP since 2021, when its Alternative Forms of Payment (AFP) processing solution, Ceptor, was granted patent protection. Ceptor allows UATP Merchants to connect easily to AFPs offered by UATP without incurring significant integration costs or adopting new reconciliation processes. For more information about the UATP and its patented technologies, please contact Wendy Ward at wendy.ward@uatp.com. ABOUT UATP 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); Air Niugini; American Airlines (NASDAQ: AAL); APG Airlines; Austrian Airlines; Avianca Airlines; BCD Travel; China Eastern Airlines (NYSE: CEA); Delta Air Lines (NYSE: DAL); EL AL Israel Airlines; Etihad Airways; Fareportal; Frontier Airlines; GOL Linhas Aereas inteligentes S.A. (NYSE: GOL and Bovespa: GOLL4); Hahn Air; High Point Travel; Japan Airlines (9201:JP); JetBlue Airways; LATAM Airlines; Link Airways; Qantas Airways (QUBSF.PK); Shandong Airlines; Sichuan Airlines; Southwest Airlines; Sun Country Airlines; TUIfly GmbH; Turkish Airlines (ISE: THYAO); United Airlines (NASDQAQ: UAL) and WestJet. AirPlus International issues the UATP-based Company Account for Lufthansa German Airlines.
SOURCE Universal Air Travel Plan, Inc. (UATP) 
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