FinMont integrates PRECISION's fraud prevention technology

Fraud payments will be addressed through the tailored ecosystem

Global travel payments orchestration platform, FinMont and PRECISION, a risk management solution part of the Etraveli Group, have partnered to tackle payment fraud within the travel sector. 

According to an MRC report, payment fraud costs airlines 3.1% of its annual global e-commerce revenue, underscoring the urgent need for advanced, tailored payment solutions in the travel industry.

This collaboration will integrate PRECISION’s fraud prevention technology into FinMont’s platform, creating a next-generation payment ecosystem tailored to travel payments.