MADRID | CyberSource forms a strategic global partnership with Amadeus, a leading technology partner for the global travel industry. The partnership is to leverage Amadeus' travel reservation services combined with CyberSource's fraud management solution. Airlines, travel agencies and other travel organisations worldwide are to benefit.
Decision Manager, CyberSource's intelligent fraud tool, will be integrated into the travel Amadeus Payment Platform (APP). Decision Manager will help travel organisations globally to accept more legitimate bookings, identify potential fraudulent transactions, minimise fraud losses and lowering operational costs.
CyberSource Decision Manager assists travel companies in identifying fraud faster, more accurately and with less manual intervention. Data insights are derived via sophisticated modelling of more than 60 billion transactions that Visa Inc. and CyberSource process annually worldwide, including transactions across multiple payment types and sales channels, spanning online, call center and mobile. The transaction data is supplemented by 260 detector tests and time-tested statistical risk models, which can be localized by region to further expand the depth and breadth of transaction pattern visibility.
Increasing Acceptance Rates
“We are delighted with the integration of CyberSource to the Amadeus Payment Platform for travel,” said Celia Pereiro, Head of Travel Payments at Amadeus. “This will provide our customers with a customised and enriched travel-payment fraud solution, helping them to optimise business operations; increasing acceptance rates and facilitating a smooth consumer payment process.”
CyberSource, a wholly-owned subsidiary of Visa Inc., is a payment management company. Over 400,000 businesses worldwide use CyberSource and Authorize.Net brand solutions to process online payments, streamline fraud management, and simplify payment security. The company is headquartered in Foster City, CA and maintains offices throughout the world, with regional headquarters in Singapore, Tokyo, Miami, Sao Paulo and Reading, U.K. CyberSource operates in Europe under agreement with Visa Europe. For more information, please visit www.cybersource.com.
Amadeus is a leading provider of advanced technology solutions for the global travel industry. Customer groups include travel providers (e.g. airlines, hotels, rail and ferry operators, etc.), travel sellers (travel agencies and websites), and travel buyers (corporations and travel management companies). The Amadeus group employs around 10,000 people worldwide, across central sites in Madrid (corporate headquarters), Nice (development) and Erding (operations), as well as 71 local Amadeus Commercial Organisations globally. The group operates a transaction-based business model. Amadeus is listed on the Spanish Stock Exchange under the symbol "AMS.MC" and is a component of the IBEX 35 index. To find out more about Amadeus please visit www.amadeus.com.