CyberSource, a Visa Inc. company, has entered into a strategic global partnership with Amadeus, a technology partner for the global travel industry to offer an integrated travel reservation and fraud management solution to airlines, travel agencies and other travel organizations worldwide.
The solution will integrate a fraud management system called Decision Manager into the dedicated travel Amadeus Payment Platform (APP), enabling travel organizations to accept legitimate bookings.
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It will also help them to identify potential fraudulent transactions and reduce operational costs.
Amadeus head of Travel Payments Celia Pereiro said, "This will provide our customers with a customised and enriched travel-payment fraud solution, helping them optimise business operations, increase acceptance rates and facilitate a smooth consumer payment process."
CyberSource’s solution will provide data insights through sophisticated modelling of more than 60 billion transactions processed across multiple payment types and sales channels, including online, call center and mobile.
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