New UATP Acquirer Pinnacle Payment Solutions Improves Business Process and Management Controls
Posted on: Tuesday, 29 August 2006, 09:00 CDT
WASHINGTON, Aug. 29 /PRNewswire/ -- Pinnacle Payment Solutions will improve overall business processes for travel agencies and corporate travel departments as a UATP Acquirer effective immediately.
By becoming an UATP Acquirer, processing is now available through the leading travel agency software, TRAMS. This functionality will dramatically improve the method of collecting payments and travel agency fees for easy reconciliation with the fees associated to proper costs for management controls and improved accounting.
"The UATP-Pinnacle partnership will highlight tailored features that Pinnacle offers, while enabling agencies to provide cost-effective methods to its clients and have ease-of-use with one solution, creating greater efficiencies," said Marc Zimmerman, Managing Member for Pinnacle Payment Solutions. "All agencies which use TRAMS, will be able to utilize this unique solution for seamless authorization, processing and settlement."
"Having Pinnacle as a UATP Acquirer directly benefits travel agencies with improved methodology and the ability to process payments directly through TRAMS," said Ralph Kaiser, president and CEO, UATP. "Corporate travel departments will benefit with the ease of reconciliation and convenience of fees coming through on the UATP account with the associated travel and having the easiest and most cost-effective methods in place for reconciliation."
Pinnacle will settle all UATP transactions through UATP Settlement Services (USS), a low-cost, weekly settlement system that matches fees and air tickets electronically, allowing for easy reconciliation of accounts for travel agents and their customers for non-clearinghouse transactions.
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 , Austrian Airlines, Continental Airlines , Delta Air Lines, Japan Airlines (NasdaqOTC: JALSY), Qantas Airways, Ltd., United Airlines and US Airways (BULLETIN BOARD: UAIRQ.OB) . AirPlus International issues the UATP-based Company Account for: British Airways , Continental Airlines , and Lufthansa German Airlines.
About Pinnacle Payment Solutions
Pinnacle Payment Solutions (R) has provided smart merchants the services to accept all forms of non-cash electronic payments for over a decade. With a relationship based approach Pinnacle has succeeded in the acquisition of Merchants from virtually all sectors of the business world. Pinnacle Payment Solutions offer their merchants a wide array of services from complete commerce packages from a single source including credit, debit, and check acceptance, gift, loyalty, and reward card programs to complete e-commerce programs that can include shopping cart technology, website building and hosting services.
Press contact: Wendy L. Ward +1 202 626 4077 wward@uatp.com
UATP CONTACT: Wendy L. Ward of UATP, +1-202-626-4077, wward@uatp.com
Web site: http://www.uatp.com/
