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Bill Me Later Announces Strategic Partnership With Universal Air Travel Plan

Posted on: Monday, 28 July 2008, 09:01 CDT

Bill Me Later, Inc. today announced a strategic partnership with Universal Air Travel Plan (UATP), the airline-owned corporate travel payment network. The partnership enables airlines to seamlessly integrate Bill Me Later(R) by utilizing their existing UATP Network for processing Bill Me Later transactions.

For more than 70 years, UATP has been a leader in innovative payment service and strategy for 240 global airline and travel clients and millions of their customers. UATP has been a pioneer in corporate travel solutions with a mission of helping to deflect the high cost of credit card purchases.

"The airline industry is eagerly seeking ways to lower distribution costs while providing travel consumers with greater convenience and satisfaction. Bill Me Later has proven to deliver on all these fronts for several major travel partners," said Ralph Kaiser, president and CEO of UATP. "Now, with this seamless Bill Me Later integration path, UATP looks forward to extending these benefits to our extensive network of airline and travel partners."

"With the current economic situation and continual rise of airline fuel costs, next-generation payments like Bill Me Later are playing a more important role than ever in the travel industry," said John Reistrup, vice president of travel and specialty retail marketing for Bill Me Later, Inc. "Airlines are seeking alternatives to reduce their expenses and also provide their customers with a fast, easy and secure way to pay, whether online or on the phone. Bill Me Later has proven to help many travel partners increase bookings and drive additional revenue through integrated programs such as deferred financing, which is particularly appealing in this market."

Bill Me Later, Inc. allows retailers and travel partners to simplify the payment experience to capture lost sales, increase customer loyalty and maximize profits. Through a single implementation of its Bill Me Later product suite, merchants gain access to a set of technology solutions, including Bill Me Later and its unique integrated marketing programs and financing offers, Bill Me Later(R) Business, and a private label credit card program.

About Bill Me Later, Inc.

Bill Me Later, Inc. is a new breed of technology company, offering next-generation payment and marketing solutions. The company is a leader in the digital payments industry with its popular Bill Me Later(R) product and flexible financing programs. The rapidly growing Bill Me Later network enables top-tier retailers and travel providers to attract high value customers with an effortless payment experience. In the small business sector Bill Me Later, Inc. is pioneering payments with the Bill Me Later(R) Business service tailored specifically for the small business buyer.

The Bill Me Later, Inc. network includes hundreds of top-tier merchants including AirTran, Amazon, Apple, Borders, Bluefly, Continental Airlines, eLUXURY, Fujitsu, JetBlue, Toshiba, Toys "R" Us, US Airways, Walmart.com and Zappos. Millions of consumers rely on the safety and convenience of Bill Me Later's payment solutions when shopping online, via phone and in-store.

Founded in 2000, Bill Me Later, Inc. is a privately held company headquartered in Timonium, Md. with additional office locations in Hunt Valley, Md. and San Francisco, Calif. Please visit us at: www.billmelater.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 (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 (NYSE: BAB), Continental Airlines (NYSE: CAL), and Lufthansa German Airlines. All trademarks referenced in this press release are the property of their respective owners.

Source: Business Wire

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