UATP Receives Second Patent Approval for Innovative Alternative Form of Payment Processing Solution [Yahoo! Finance]
American Airlines Group, Inc. (AAL)
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Source: Yahoo! Finance
payment capabilities, has received approval from the US Patent and Trademark Office (USPTO) for its second patent application related to Batch Processing Composition and Conversion. The technology, which will be protected by a US Patent, supports Ceptor, UATP's in-house developed Alternative Form of Payment (AFP) processing solution. Ceptor allows UATP Merchants to connect easily to the hundreds of AFPs offered by UATP without incurring significant integration costs or adopting new reconciliation processes. This is the third patent UATP has received for its payment technology since 2021, reflecting a commitment to financial technology innovation by continually adding new value for clients. In February 2024 , UATP's patent application for an Enhanced Intermediate Server was approved by the US Patent and Trademark Office, supporting our UATP One processing business. "This patent represents our dedication to helping businesses unlock more value from payment technologies. Ceptor pro
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