Ticket to Ride: A CNP Expo Session Spotlight
March 16, 2015
Of all the verticals in the card-not-present space, some say that travel and ticketing may have the most on the line when fraud is not prevented. Since the goods are digital, consumers expect instant delivery. That, combined with the fact the transactions are high-dollar and low-profit means it is imperative their fraud-prevention tactics are efficient, effective and quick. They have contributed significantly to innovation in the mobile channel and to the overall card-not-present business model, and other types of companies can learn from their successes and failures in fraud prevention.
At the CNP Expo this May, executives from VirginAmerica, The TicketNetwork and the Airline Reporting Corporation (the backend payment processor for most travel agencies) will share how they continue to stay vigilant against payment fraud, prevent chargebacks and how they quickly adapt to new fraud trends. Because the fraud travel and ticketing companies see ranges from account takeover to identity fraud to “clean fraud” and triangulation, companies in all verticals can learn from the processes and systems that companies in the ticketing space have employed.
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