A fraud control and settlement solution for airlines is to be offered by Travelport.
Travelport Authorize Plus has been created with electronic banking and payment solutions firm ACI Worldwide to combat cyber criminals globally.
The move comes after Iata estimated that carriers incur losses of $1 billion a year from fraudsters using stolen, compromised or fake credit card details to buy airline tickets.
With the travel industry suffering from high levels of fraud, the impact on the bottom line can be severe.
The new Travelport initiative can provide airlines with the ability to track ticketing purchase processes right through to the completion of a journey.
Additional features include the dynamic fraud screening of card payments used to purchase air tickets via Travelport-connected agents, the ability to flag and prevent ticket issuance, and detailed online management reports of all transactions and status.
Travelport air commerce senior vice president and managing director Derek Sharp said: “Our partnership with ACI Worldwide is in response to the growing need to provide our airline customers with highly sophisticated tools to prevent card fraud in our industry.
The major advantage is that we have built a fully integrated solution, which applies fraud control management without the need for both our airline and agent customers to do any major development or change their workflow process of today.”
ACI Worldwide vice president Andy McDonald added: “When it comes to fraud control, authorisation, and capture and settlement, the combination of our joint capabilities has the potential to dramatically change the way air ticket transactions are processed today.”