Aeromexico Recruits CyberSource to Tackle Online Fraud
MOUNTAIN VIEW, Calif. - CyberSource, a Visa company (NYSE: V), today announced it has been selected by Aeromexico to provide fraud management solutions for its card-not-present ticketing operations, including call center and website sales.
“Healthy business growth has a way of attracting fraud,” said Dr. Ricardo Sanchez Baker, Chief Financial Officer, Aeromexico. “To tackle this issue, we extended our search internationally and looked at a host of good solutions. In the final analysis, we picked CyberSource, due in no small part to the breadth and depth of data intelligence only they could provide. We’re confident they will prove to be a most effective ally in our fight against online fraud.”
“We are honored to be of service to Aeromexico,” said Michael Orlando, CyberSource Senior Vice President, Global Sales and Services. “We now work with 36 airlines worldwide and believe our expertise in this business sector will prove to be a challenge to would-be fraudsters of this important international carrier.”
CyberSource services to be employed by Aeromexico
* CyberSource Decision Manager: An online fraud management portal that will allow Aeromexico to access over 200 validation tests and services to automatically review its incoming online bookings. The airline can evaluate transactions from a number of perspectives, including Aeromexico’s own passenger history, multi-merchant purchase history, device tracing, and global validation checks such as telephone number structure in over 100 countries. In addition, Decision Manager’s predictive statistical model, which leverages both CyberSource and Visa global transaction data, enables Aeromexico to more quickly and accurately identify fraud. Using business rules set by Aeromexico’s managers, CyberSource Decision Manager returns a recommendation to accept, reject or hold the booking for review—all in a matter of seconds.
* Performance Monitoring: The service starts with a complete analysis of Aeromexico’s bookings history and business processes. CyberSource then collaborates with Aeromexico to set business metrics, review performance, and provide easy-to-use business tools that let the airline control the monitoring process. Finally, CyberSource fraud experts design, model and provide ongoing monitoring to optimize sales conversion while minimizing manual review and fraud risk.
CyberSource, a wholly-owned subsidiary of Visa Inc., is a payment management company. Over 300,000 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 Mountain View, California with international offices in Reading, U.K.; Singapore; and Tokyo. CyberSource operates in Europe under agreement with Visa Europe. For more information, please visit www.cybersource.com.
About Grupo Aeroméxico
Grupo Aeroméxico is composed of four travel-related entities: Aeromexico, the largest Mexican transcontinental airline, Aeromexico Connect, a regional carrier, Aeromexico Travel (charter enterprise) and EMA (aircraft maintenance). It has a fleet of Boeing 777s, 767s, 737s, McDonnell Douglas MD80s, and latest generation Embraer 145s and 190s. Grupo Aeroméxico, which has its principal operations center at Mexico City’s International Airport, operates over 500 daily flights to different cities in Mexico, United States, Central and South America, as well as Europe and Asia. Aeromexico is a founding member of SkyTeam, the global airline alliance that comprises Aeroflot, Air Europa, Air France, Alitalia, China Southern, CSA Czech Airlines, Delta Air Lines, KLM Royal Dutch Airlines, Kenya Airways, Korean Air, Tarom Romanian Air Transport, and Vietnam Airlines. SkyTeam offers an extensive global network to the passengers of every airline partner meaning more destinations, more flights, and more connectivity. Passengers can earn and redeem miles with different loyalty programs partners and enjoy the 415 airport lounges worldwide. SkyTeam offers its 393 million annual passengers, more than 13,000 daily flights to 884 destinations in 169 countries. SkyTeam celebrates its 10th anniversary this year. www.skyteam.com
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