Cybersource News

CyberSource and Amadeus seal fraud management deal

CyberSource and Amadeus seal fraud management deal

CyberSource, a Visa Inc. company, and one of the world’s leading providers of eCommerce payment management services, has formed a strategic global partnership with Amadeus, a leading technology partner for the global travel industry. The agreement brings an integrated travel reservation and fraud management solution to airlines, travel agencies and other travel organisations worldwide.

Fraudsters Nab $1.4 Billion from Airlines

Fraudsters Nab $1.4 Billion from Airlines

11th Jul 2011 Focus

Global fraud rate down, but online ticketing still seeing challenges. Survey findings released by CyberSource Corporation, a Visa company (NYSE: V) show that while airlines are gaining in their war against fraud, much work remains to be done. Airlines reported a loss of about $1.4 billion USD to online payment fraud in 2010.