1. Shift4 partners with UATP to enhance payment systems for travel market. 2. The integration aims to improve performance and adaptability of Shift4's services. 3. UATP's technology will help Shift4 support merchants in a digital economy. 4. Shift4 processes billions of transactions annually across various industries. 5. UATP is recognized widely in the corporate travel payment sector.
This partnership expands Shift4's service capabilities, potentially increasing transaction volumes. Historical collaborations in tech partnerships have shown positive impacts on share prices.
The strategic partnership targets a large market, indicating future revenue growth for Shift4.
Strengthening capabilities in the travel sector may take time but drives sustained growth.
UATP, the global network that enables organizations to simplify payment processes and expand their payment capabilities, today announced a strategic relationship with Shift4, the leader in integrated payments and commerce technology. Under the agreement, Shift4 will integrate UATP's patented technology to enhance the company's payment infrastructure for the global travel market.
"Our agreement with UATP will allow us to expand our capabilities in the travel industry while delivering a world-class solution to merchants," said VP, Global Travel, Jeremy Dyball, Shift4. "With UATP's innovative and state of the art technology, we're excited to increase the performance, reliability, and adaptability of our services to ensure we meet the evolving needs of our customers."
As a global leader in commerce-enabling technology, Shift4 powers billions of transactions annually for hundreds of thousands of businesses in a wide range of industries across the globe. UATP's cutting-edge technology will enable Shift4 to reinforce its commitment to providing the tools and support needed to help merchants in the travel industry thrive in the rapidly changing digital economy.
"We are thrilled to help enhance Shift4's acquiring solutions for the travel industry. UATP's technology has been developed to solve complex challenges in new and different ways, and we believe that Shift4 will be able to deliver exceptional value to its customers," stated Teresa Rivera, Vice President, Merchant Solutions, UATP.
Shift4 (NYSE: FOUR) is boldly redefining commerce by simplifying complex payments ecosystems across the world. As the leader in commerce-enabling technology, Shift4 powers billions of transactions annually for hundreds of thousands of businesses in virtually every industry. For more information, visit shift4.com.
UATP is the global 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 DataMine®, provide comprehensive account details to Issuers and Corporate Account Holders. Our team has decades of experience with the ever-changing payments landscape, and our reliable and proven technology ensures our global customers get more from every payment experience. Learn more at uatp.com.
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; AirPlus International a wholly owned subsidiary of SEB Kort; 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 (NASDAQ: UAL) and WestJet.
UATP
Wendy Ward
[email protected]
Shift4
Nate Hirshberg
[email protected]
SOURCE UATP