Cybersource News
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.
Turkish Airlines selects CyberSource for online security
CyberSource has announced Turkish Airlines will use its solutions to assist in its fight against online fraud. The Istanbul-based carrier was recently recognised by the World Travel Awards as offering Europe’s Leading Airline Business Class.
Fraudsters Nab $1.4 Billion from Airlines
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.