United Kingdom
United States
Asia Pacific
Airline industry stepping up fight against fraud
Wednesday, 08 Jan, 2016
0
Airline body IATA is cracking down on payment fraud against airlines and travel agents.
IATA says fraud costs the industry around $858 million a year.
While the majority (around $639 million) is borne by airlines, the rest is borne by others in the chain, including travel agents.
In partnership with Ypsilon Net, IATA is now offering its fraud detection system, IATA Argus, to airlines and travel agents.
"IATA is committed to helping the industry fight fraud," said Aleks Popovich, IATA’s senior vice president financial and distribution services.
The system can access global distribution systems and can detect suspicious transactions as early as the booking request stage.
It then flags them up or can even cancel them as appropriate.
It can also notify the agent or airline of a suspicious booking, and automatically take action to void, suspend or cancel a ticket.
"You cannot segregate fraud occurring on airline direct channels from fraud generated through travel agency or online travel agency channels," said Hans-Joachim Klenz, CEO of Ypsilon Net.
"IATA Argus combines ease of implementation and cost efficiency in a system that protects all channels effectively and provides full automation."
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Mark Jaronski of Explore Georgia on FIFA World Cup 2026
Connecting Small Businesses to Global Tourism Markets: Nate Huff of Tourism Exchange
North Carolina’s Resilience: Wit Tuttell on Recovery and Tourism
Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns
James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel
Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination
Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics
Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy
Bubba O’Keefe on Clarksdale’s Vibrant Music Scene
Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee
Craig Ray and the Expansion of the Blues Trail
Presenting Mississippi’s Cultural Trails with Katie Coats
BA suspending all Heathrow to Abu Dhabi flights
Unexpected wave rocks cruise ship
Woman dies after going overboard in English Channel
Report: Cruise guest died after ship lashed in heavy storm
British teen in serious condition after paraglider collision