|
| Register for our Free Newsletters |
|
 |
|
|
|
|
|
|
|
|
| Other Carouselweb publications |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
Airline ticketing fraud prevention with FraudNet
|
|
41st Parameter
: 06 May, 2009 (New Product) |
|
|
Online fraud in the airline industry using multiple card-not-present channels is being significantly reduced with the use of FraudNet from 41st Parameter |
|
41st Parameter has announced that its FraudNet solution is significantly reducing fraud losses for airlines across multiple card-not-present channels; allowing for legitimate sale of seat capacity and revenue retention. According to the recent Airline Online Fraud Survey, curtailing fraud loss and profit protection are key initiatives for airlines during tough economic times.
FraudNet utilises multiple risk models providing the most accurate, end-to-end fraud screening available; beginning the moment a reservation is initiated through time of departure. As the Airline Industry's most installed, dedicated fraud detection solution, FraudNet incorporates the leading device identification technology, PCPrint, with hundreds of algorithms to automatically assess and score reservation risk. Additional protection is also provided to an airline's most valuable customers, frequent flier programme members by securing passenger's accrued miles from unfamiliar device access and account takeover.
'The Airline Industry has undergone a reservation process transformation and clearly understands the dramatic cost savings associated with the online channel,' said David Britton, an experienced fraud prevention expert and Senior Vice President of Product Management for 41st Parameter. 'Leading global airlines seeking to improve their profitability are utilising PCPrint and FraudNet to minimise their risk while shifting a greater percentage of their sales to the web.'
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
