CyberSource and Amadeus Partner to Help Travel Organizations Optimize Fraud Management Operations Across Booking Channels
CyberSource and Amadeus Partner to Help Travel Organizations Optimize Fraud Management Operations Across Booking Channels
PR57087
FOSTER CITY, Calif. and MADRID, June 18, 2014 /PRN=KYODO JBN/ --
CyberSource ( http://www.cybersource.com ), a Visa Inc. company (NYSE:V), and
one of the world's leading providers of eCommerce payment management services,
has formed a strategic global partnership with Amadeus ( http://www.amadeus.com
), 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 organizations worldwide.
Leveraging CyberSource's global expertise in fraud management, the innovative
solution integrates a fraud management system, Decision Manager (
http://www.cybersource.com/products_and_services/fraud_management/decision_manager/
), into the dedicated travel Amadeus Payment Platform (APP). Decision Manager
can help travel organizations globally accept more legitimate bookings, while
identifying potential fraudulent transactions and lowering operational costs.
The combined solution will help travel businesses worldwide maximize revenue,
reduce costs and improve the customer payment experience across multiple
channels, such as online, mobile, face to face and call center.
"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."
Simon Stokes, Head of CyberSource EMEA & APAC, said, "With a track record of
delivering results for major airlines, travel agencies, hotel chains and other
travel suppliers, we are excited to partner with Amadeus to help provide travel
companies and their customers with a fast, safe and seamless buying experience,
irrespective of device or location."
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.
About CyberSource
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.
About Amadeus
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.
About Visa Inc.
Visa is a global payments technology company that connects consumers,
businesses, financial institutions, and governments in more than 200 countries
and territories to fast, secure and reliable electronic payments. We operate
one of the world's most advanced processing networks -- VisaNet -- that is
capable of handling more than 47,000 transaction messages a second, with fraud
protection for consumers and assured payment for merchants. Visa is not a bank
and does not issue cards, extend credit or set rates and fees for consumers.
Visa's innovations, however, enable its financial institution customers to
offer consumers more choices: pay now with debit, ahead of time with prepaid or
later with credit products. For more information, visit corporate.visa.com and
@VisaNews.
For media queries, please contact:
Lara D'Souza / Felicia Ang
Ying Communications
+65-9622-7065 / +65-9113-9636
lara.dsouza@yingcomms.com / felicia.ang@yingcomms.com
SOURCE CyberSource
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