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41st Parameter Leading Airlines Battle on Card Not Present Fraud

According to Britton, "Fraud has been a growing problem within the Airline Industry with the largest threat surrounding online Card Not Present reservations, costing major airlines millions of dollars each month... this session will highlight immediate actions travel executives can take to combat online fraud and reduce operational costs."

41st Parameter's FraudNet has quickly become the leading fraud prevention technology for the Travel Industry, protecting more airlines than any other dedicated anti-fraud application. Utilizing a sophisticated device identification integrated with a comprehensive risk engine and rules specifically designed for airlines, FraudNet analyzes reservations purchased through multiple channels and identifies the riskiest transactions. In addition to finding more fraud and increasing operational efficiencies, FraudNet helps airlines reduce chargebacks, minimize false positives and create significant business value by driving additional cost savings and protecting loyal customers.

41st Parameter customers utilizing FraudNet report an average review rate a full 80% below the industry standard. Key Travel Industry features include:

-- Dynamic queuing functionality, enabling fraud investigators to prioritize reservations based on customer departure times and other critical information

-- Suspect travel pattern analysis, billing inconsistencies, high risk ticket details, and many other data elements not utilized by traditional risk management solutions

-- Preferred customer information integration to reduce false positives and ensure loyal customers' travel plans are not impeded

An exclusive Travel Industry demonstration of FraudNet, including these key features, is scheduled to follow the ATA Credit Panel on September 25 at 1:00 p.m. Eastern. Details at http://www.the41st.com/travel

About David Britton

David Britton has more than a dozen years experience in fraud prevention and brings unique insight into the criminal methodology behind Internet payment fraud. He developed Internet fraud prevention training courses for merchant fraud and customer service teams and played a significant role in the development of cutting edge fraud prevention technologies with several leaders in the e-commerce space. He has been a featured speaker at industry events, and has authored numerous papers concerning anti-fraud measures.

About 41st Parameter

41st Parameter is the leader in Internet Fraud Intervention solutions, which detect and prevent fraud for e-commerce companies, financial institutions and travel services. 41st Parameter solutions do not require user registration, enrollment, downloads or installations. To learn more about 41st Parameter, visit http://www.the41st.com.

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     Contact(s):
     Dave Yohe
     41st Parameter
     Tel : 480.776.5518
     Marketing at the 41st dot com

     Tim Whitman or Tara Mulloy Schwartz Communications
      - PR for 41st Parameter
     Tel: (781) 684-0770
     41st@schwartz-pr.com

SOURCE 41st Parameter