WASHINGTON, Sept. 10 /PRNewswire/ -- Universal Air Travel Plan, Inc. (UATP) announced today the release of a new Flash timeline presentation on uatp.com, representing historically significant facts in the airline and corporate card industries. Developed during the Depression in 1936, UATP was designed as an incentive for business travelers whereby U.S. carriers extended travel credit. Since that time, UATP has expanded globally to include virtually every airline in the world. As a pioneer in the industry for over 64 years, UATP developed such industry standards as the magnetic stripe and lodged accounts. Stephen S. Smith, UATP Vice President of Business Development, said, "UATP's historical significance is a solid foundation which we continue to build upon as we launch new ideas and technology. Started by airlines for airlines, UATP is the industry's own tool whereby direct relationships are built with corporate customers. UATP continues to be the most viable industry solution for rising airline distribution costs associated with traditional credit cards." Visit http://uatp.com to view the navigable flash and UATP Timeline. The following is a complete timeline of historical events involving UATP in corporate payment and airline industry history: Year Significance 1936 UATP started as Air Travel Plan (ATP). As the world's first charge card it brought cost savings and complete data to corporations. 1948 UATP expands internationally-Universal Air Travel Plan (UATP). Adding card issuers outside of the United States, corporations around the world enjoy the savings of purchasing direct from airlines. 1969 UATP's Air Travel Card(R) product is the first charge card to introduce the magnetic stripe on the back of the card allowing faster use by business travelers. 1980 Regional UATP cards created with specific functionality per region. United States -- Air Travel Card(R) Europe -- AirPlus(SM) Air Travel Card Asia -- PassAge(SM) Air Travel Card 1985 UATP Insurance products introduced to business travelers, airline employees and travel agents. 1991 All UATP charge cards may be utilized on in-flight GTE Airfone(R) and AT&T air phones, bringing more functionality to the business traveler. 2000 UATP re-launched as one global brand with one logo for all regional UATP cards. New card features provide enhanced data reporting to corporations and more cost reductions. 2001 UATP adds support of 165 currencies giving airlines and corporations spending controls in almost any national market. Universal Air Travel Plan Inc., formerly known as the Air Travel Card(R), is the world's first business travel payment system. With annual global billings over USD 8 billion, UATP is owned and operated by each card-issuing airline. Accepted by virtually every airline in the world, UATP offers the most complete data and lowest administrative cost of any charge product. Multi-national corporations, including 73 percent of the Top 100 Global, utilize UATP to better manage travel expenses. Airlines currently issuing UATP accounts include Aer Lingus, Air New Zealand, Alitalia, Ansett Australia, American Airlines (NYSE: AMR), Austrian Airlines, British Airways (NYSE: BAB), Continental (NYSE: CAL), Delta Air Lines (NYSE: DAL), Japan Airlines (Nasdaq: JAPNY), KLM Royal Dutch Airlines (NYSE: KLM), Lufthansa German Airlines, QANTAS, Scandinavian Airlines System, Swissair, TWA Airlines, LLC, United Airlines (NYSE: UAL) and US Airways (NYSE: U). For more information, visit http://www.uatp.com . CONTACT: Rana Walker, Manager of Corporate Communication, of Universal Air Travel Plan, Inc. (UATP), +1-202-626-4009, or firstname.lastname@example.org. MAKE YOUR OPINION COUNT - Click Here http://tbutton.prnewswire.com/prn/11690X86625142
SOURCE Universal Air Travel Plan, Inc.