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.
Kount’s multi-layered approach combines advanced screening technologies, Big Data, Artificial Intelligence (AI), and fraud prevention expertise to reduce fraud, boost sales and minimize fraud mitigation expenses.
- Last minute booking changes: Order Linking and Velocity technologies automatically thwart this common fraudster tactic.
- Slim margins: Decrease chargeback rates by as much as 98%, and boost profitability
- Excessive false positives: Increase order approval rate with better data and automated/AI analysis
- High operational expenses: Automation virtually eliminates costly manual reviews.
Hospitality Fraud-Fighting Resources
eBook: Fraud Takes Off in the Travel and Leisure Industry
The fluidity of bookings combined with last-minute changes make fraud prevention particularly difficult for any online travel and leisure company.
To download the eBook, visit:
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