IATA takes aim at payment fraud

The International Air Transport Association (IATA) announced today that it is expanding its activities aimed at preventing payment fraud in the air travel industry.

 

 

 

Payment fraud costs the industry an estimated $858 million annually, approximately $639 million of which is borne by airlines and the remainder by other participants in the travel value chain, including travel agents. IATA is cooperating with Ypsilon Net AG to make IATA Argus Fraud Manager (IATA Argus) available to airlines and travel agents.

While some airlines already use a range of systems to reduce fraud activity in their direct sales, IATA Argus offers a unique, fully-integrated and automated payment fraud detection and management solution for both travel agents and airlines.

“IATA is committed to helping the industry fight fraud. Our partnership with Ypsilon Net AG brings a modern fraud prevention solution that meets the needs of both airlines and travel agents to reduce fraud and increase the confidence in generating new sales via all available distribution channels,” said Aleks Popovich, IATA’s Senior Vice President Financial and Distribution Services.

By accessing information available in global distribution systems, IATA Argus is able to detect suspect transactions from as early as the booking request stage, and flag them or even cancel them as appropriate. It can notify the agent or airline of a suspicious booking, and automatically take action to void, suspend or cancel a ticket.

“You cannot segregate fraud occurring on airline direct channels from fraud generated through travel agency or online travel agency channels. IATA Argus combines ease of implementation and cost efficiency in a system that protects all channels effectively and provides full automation,” said Hans-Joachim Klenz, CEO of Ypsilon Net AG.

IATA Argus can also integrate systems including, but not limited to, IATA Perseuss and Ethoca and uses the provided information to enhance fraud scoring.

Emirates plans daily service to Cebu and Clark UAE Business

Emirates will launch a daily circular service from Dubai to Cebu and Clark in the Philippines, starting March 30, 2016.

Utilising a Boeing 777-300ER aircraft, this new route will strengthen international connectivity to two of the Philippines’ fastest-growing international hubs.

The island of Cebu lies in Visayas, one of the three principal geographical divisions of the Philippines, and Mactan-Cebu International Airport, located on Cebu’s Mactan Island, is the second busiest airport in the Philippines, after Manila’s Ninoy Aquino International Airport. With Cebu and the surrounding islands’ rich tourism offering, which includes white sandy beaches and picturesque diving spots, central Visayas attracted a total of 1.6 million foreign tourists last year. Cebu is also an ideal base for exploring the nearby Chocolate Hills of Bohol and idyllic islands such as Boracay.

Clark is based in Pampanga, a province in the Central Luzon region in the Philippines and a well-known hub for business processing services and tourism. Pampanga is served by Clark International Airport which is in Clark Freeport Zone, a redevelopment of the former Clark Air Base, previously a United States Air Force base in the Philippines.

“With the opening of this service, Emirates will enhance the choice for travellers in the Philippines, who will be able to conveniently connect to 39 cities in Europe, 16 in the Middle East as well as a number of destinations across our extensive network in Africa and the Americas, including Panama from February 1,” said Thierry Antinori, executive vice president and chief commercial officer, Emirates.

“This new service will help to enhance the Philippines’ trade links with the rest of the world and boost incoming tourism, supporting the Department of Tourism’s ‘Visit the Philippines Again 2016’ campaign. It will also expand travel options for Filipinos from the Central Luzon region as well as the Visayas region and offer more flexibility for overseas workers departing Philippines or looking for options to fly home,” he added.

The two-class configured Boeing 777-300ER which Emirates will operate on the route offers 42 seats in Business Class and 386 seats in Economy Class. In terms of cargo, up to 14 tonnes of capacity will be offered in the bellyhold on this service. Popular Philippine exports on this route are expected to be perishables, such as dairy products, fruit and vegetables, meat, seafood and electronic equipment.

Passengers travelling on Emirates’ Boeing 777-300ER will be able to enjoy the airline’s award-winning ice system with more than 500 channels of on-demand entertainment to choose from, including Filipino movies and music.

Emirates flights to and from the Philippines also cater to the needs of the Filipino market with Filipino-speaking cabin crew on board, and inflight cuisine options with popular Filipino dishes. As with all Emirates flights, passengers travelling on the Cebu and Clark service will enjoy the generous Emirates baggage allowance of 30 kg in Economy Class and 40 kg in Business Class. – TradeArabia News Service