The good news is revealed in the latest annual airline web fraud report from US-based payment management firm Cybersource, a division of Visa, with a substantial drop in recorded incidences of online fraud between 2008 and 2010.
Cybersource says the decrease is due to more airlines implementing fraud detection systems and simply rejecting more bookings due to suspicious payment methods.
Airlines with less than three years of online selling experience have higher rates of fraud than their older counterparts, Cybersource says, with manual reviewing of payments accounting for just 15% of bookings for airlines selling online for ten years or more, compared to 53% for those under three years.
Read the full story at: http://www.tnooz.com/2011/05/19/news/airlines-reduce-online-payment-fraud-by-a-third/
