New fraud detection tool

World Leisure Holidays will
be hosting a roadshow
to introduce the trade to
the new properties it has
added to its portfolio. It
will be held at 54 on Bath,
Johannesburg, on February
16, before heading to
Leriba Lodge, Centurion, the
following day. On February
18 the workshop will be
held in the Beverly Hills
Hotel in Umhlanga, before
ending at the One&Only in
Cape Town. Pictured here
preparing for the roadshow
is World Leisure Holidays
sales manager, Cathie
Bester. Iata is also co-operating
with Ypsilon Net AG to make
Iata Argus Fraud Manager
(Iata Argus) available to
travel agents and airlines
worldwide.
Iata Argus is an
automated payment fraud
detection and management
solution used to prevent
payment fraud in the air
travel industry.
By accessing information
available in global
distribution systems, Iata
Argus is able to detect
suspect transactions from
as early as the booking
request stage and flag
them or even cancel them
when necessary.
“It can notify the agent
or airline of a suspicious
booking, and automatically
take action to void, suspend
or cancel a ticket, as well
as integrate systems
including Iata Perseuss
and Ethoca that provide
information to enhance
fraud scoring,” Iata said in
a statement.
Large travel agencies can
access Iata Argus in full
by providing Ypsilon with
access to their GDS office
ID (OID) or PCC. Smaller
agencies should contact
Iata for a tailored solution.
Payment fraud cost the
industry an estimated
$858 million (R14,15bn)
annually, approximately
$639 million (R10,53bn) of
which is borne by airlines
and the remainder by other
participants in the travel
value chain, including travel
agents, said the statement.
“Thus you cannot
segregate fraud occurring on
airline direct channels from
fraud generated through a
travel agency or online travel
agency channels,” said
Hans-Joachim Klenz, ceo of
Ypsilon Net AG