The second patent awarded to UATP since 2021 covers technology that speeds and streamlines transactions between acquirers and the UATP One platform.
WASHINGTON, Feb. 15, 2024 /PRNewswire/ — UATP, the global payment network that enables organizations to simplify payment processes to expand their payment capabilities, has received approval from the US Patent and Trademark Office for patented Enhanced Intermediate Server technology that will improve the speed, efficiency and control of processing transactions for merchants utilizing the UATP One platform. This is the second patent UATP has received for its payment technology since 2021, reflecting its commitment to innovation and exploring new ways to add value for its clients.
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…
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