Visa has announced a strategic global partnership with Sabre, allowing it to utilize CyberSource, Visa’s payment management platform. The partnership will bring an integrated travel reservation and fraud management solution to airlines, hotels, travel agencies and other travel organizations worldwide.
With the CyberSource platform, Sabre will be able to provide a full suite of payment acceptance, fraud management and authentication services to its customers. Seamlessly integrated with Sabre Payment Services, the comprehensive solution will help organizations in the travel industry streamline operations, defend from fraud and provide frictionless customer experiences at the digital point of sale.
One of the components available to the travel industry through the CyberSource platform is Decision Manager, a fraud management platform based on the World’s Largest Fraud Detection Radar. With Decision Manager, travel companies will be able to identify fraud faster, more accurately and with less manual intervention. Data insights are derived from sophisticated modeling of multiple data sets, including more than 68 billion transactions that Visa processes annually worldwide and are supplemented by roughly 260 fraud detectors that use different data, such as device fingerprint, IP geolocation and statistical risk models.
In addition to Decision Manager, Sabre’s customers will be able to utilize the wide Payment Acceptance features of the CyberSource platform. Airlines and travel partners will have access to CyberSource payment gateway services, which connects to approximately 120 acquirers and processors in over 190 countries and territories and fund in over 50 currencies, so clients can process digital payments anytime, anywhere. They will also be able to deploy new and emerging digital payment options for their customers, including Visa Checkout and other digital and mobile payment methods.
Through this partnership, companies in the travel industry will also have access to Cardinal Commerce’s 3D Secure 2.0, a global leading platform in consumer authentication recently acquired by Visa. Cardinal’s platform adds an additional layer of security. It includes Rules-Based Payer Authentication capabilities which provide travel companies more control over the user experience to minimize friction, along with all of benefits of traditional 3-D Secure, including fraud liability shift.
This story originally appeared on www.travelagentcentral.com.
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