The IATA Fraud Prevention and management system Powered by Ypsilon.
Skimming, Phishing, Identity theft, application Fraud, Account takeover, carding, CNP fraud, Bin attack etc. Fraud amounts to billions of losses and is major threat to agencies, OTAs, airlines and the travel industry in general. Airlines alone suffered a loss of $1.48 billion worldwide in 2010. Charge backs and ADMS can go in thousands of euros per Booking and create substantial financial damages.
Ypsilon.Net AG connects payment services and fraud prevention system to all major GDS and airline CRS. Fraud management or payment validation can be directly related to a reservation system in order to act on the booking based on the fraud scoring or payment acceptance. Our automated fraud prevention system is specifically designed for the travel industry as we believe that the information and process are completely different than for the regular retail sectors. The fraud pattern recognition can be adapted to the specific customer needs and markets. Rules can be precisely defined based on over 250 metrics as well as internal and external modules such as black and white lists, customer solvency information, Perseuss data, Ethoca alerts etc. Scoring results are presented graphically in the back office module and can be linked on request to GDS or CRS commands such as individual queuing, insertion of remarks or OSI, cancellation of booking, modification of segment status, removal of seating assignment for short term departure and more.
The Fraud prevention system is fully endorsed and jointly marketed by IATA See also: http://www.iata.org/fraudclear
TRAVEL IT SOLUTIONS
Interaction can be generated in every Format and in all major Systems
The fraud prevention system is also available via XML API allowing diverse request types such as:
Complete statistics to fully monitor and control fraud evolution
Download the product datasheet as PDF
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