The Fraud Solution for the Travel, Entertainment and Leisure Merchants

The landscape of fraud in these industries are constantly changing. Are you ready?

Airlines, online travel agencies, event ticketing, hospitality, and even loyalty programs are prime targets for fraudsters. Because of the nature of these industries, reducing fraud presents some very unique challenges. Kount is well equipped for these changing fraud challenges both now and in the future.

AIR TRAVEL

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Airlines lose $1.4 billion annually to online fraud and Online Travel Agencies (OTAs) are top three target for card-not-present (CNP) fraud. Revenues suffer, too, as fear of fraud leads to higher false positives. Finally, lack of automation results in too many manual reviews, the slowest and most expensive way to fight fraud.

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TRANSPORTATION

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In an industry with an average decline rate of 2.8%, Kount has helped vehicle rental companies, taxis, ground transportation, mass transit and ridesharing companies merchants achieve review rates as low as 0.03%.

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EVENT TICKETING

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The traditional street scalpers of the 20th century have pivoted to highly sophisticated fraud schemes. With online ticket sales projected to grow at an average annual rate of 3.1% between now and 2019, fraudsters will increasingly target online ticketing companies to cash in. Do you have a fraud strategy or platform in place?

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HOSPITALITY

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More than half of all credit card fraud takes place within the hospitality industry with estimated losses totaling $2.9 billion per year. Kount has helped hospitality merchants protect themselves from the expanding threat of CNP fraud.

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LOYALTY

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There is an estimated $225 - $350 billion on the books for airlines, hotels and other loyalty program owners. With only 34% of consumers change logging into their accounts every few months and only 23% checking balances once a month, a fraudster can operate in these accounts for weeks undetected.

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