CyberSource, a Visa company has announced that Indonesia’s national airline, Garuda Indonesia, will adopt the full suite of CyberSource’s global payment gateway and fraud management services.
“To protect our revenue as we expand our operations, we need flexible and innovative solutions that cater to the payment and risk challenges airlines face. This is crucial for our ‘Quantum Leap 2011-2015’ plan to become the leading airline in the region,” said Mr Joseph Saul, VP, E-Commerce, PT Garuda Indonesia. “Our partnership with CyberSource provides the solutions expertise and payment management platform necessary to rapidly expand our business in the region.”
The adopted solution consists of global payment services to support online and multi-channel payments, including the ability to securely process multiple payment types worldwide. Garuda will also be able to accurately screen for fraud using CyberSource Decision Manager and Performance Monitoring with Guarantees.
CyberSource Decision Manager, provides the ability to automatically screen more orders, based on insights from over 60 billion transactions processed annually by Visa and CyberSource, thereby streamlining Garuda’s fraud operations. Using results from over 260 global validation tests, Garuda will then be able to assess the risk of the inbound order in real time of all of less than two seconds.
Almost 50 major global airlines utilize CyberSource solutions to enable efficient payment and fraud management in every sales channel. Its customers include major legacy carriers, regional airlines and low cost carriers from around the world.
Whitepapers
Related reading
Central banks best suited to issue digital currencies
By Aaran Fronda A recent report by the Official Monetary and Financial Institutions Forum (OMFIF) said that central banks rather than private ... read more
Instant payments: innovations inbound for corporates
In 2020, instant payments look set to continue their current trajectory to become the biggest trend in payments. While these schemes already offer numerous benefits to corporates, leveraging innovations such as APIs and request to pay will go some way to unlocking their full potential, argues Michael Knetsch
Obstacles exist for banks to meet ECB’s instant payments goal
The cost of joining instant payment platforms will be one of many hurdles banks and payment services providers must overcome to meet ... read more
Banks must be aware of “biases” in data used to train ML models
Financial institutions need to be conscious of biases in the historical data that is being used to train machine learning (ML) models, ... read more