Visa is excited to announce a strategic global partnership with Sabre, the leading technology provider to the travel industry. Sabre will utilize CyberSource, Visa’s payment management platform, to bring an integrated travel reservation and fraud management solution to airlines, hotels, travel agencies and other travel organizations worldwide.
With the CyberSource platform, Sabre will be able to provide a full suite of payment acceptance, fraud management and authentication services to its customers. Seamlessly integrated with Sabre Payment Services, the comprehensive solution will help organizations in the travel industry streamline operations, defend from fraud and provide frictionless customer experiences at the digital point of sale.
As the traveler journey becomes increasingly more digital, a fast, secure payment experience, across channels and enabled on multiple devices, is vital for success. Today, more than half of the world’s top 50 airlines already rely on CyberSource solutions for fraud and payment management, and we look forward to working with Sabre to expand digital payment acceptance and more efficiently protect its travel organizations worldwide.
One of the key solutions available to the travel industry through the CyberSource platform is Decision Manager, a fraud management platform based on the World’s Largest Fraud Detection Radar. With Decision Manager, travel companies will be able to identify fraud faster, more accurately and with less manual intervention. Data insights are derived from sophisticated modelling of multiple data sets, including more than 68 billion transactions that Visa processes annually worldwide. The data insights are supplemented by some 260 fraud detectors that use different data, such as device fingerprint, IP geolocation, and time-tested statistical risk models. Risk models can be localized by region to further expand the depth and breadth of transaction pattern visibility.
In addition to Decision Manager, Sabre’s customers will be able to utilize the wide Payment Acceptance features of the CyberSource platform. Airlines and travel partners will have access to CyberSource payment gateway services, which connects to approximately 120 acquirers and processors in over 190 countries and territories and fund in over 50 currencies, so clients can process digital payments anytime, anywhere. They will also be able to deploy new and emerging digital payment options for their customers, including Visa Checkout® and other digital and mobile payment methods.
Through this partnership, companies in the travel industry will also have access to Cardinal Commerce’s 3D Secure 2.0, a global leading platform in consumer authentication recently acquired by Visa. Cardinal’s platform adds an additional layer of security. It features Rules-Based Payer Authentication capabilities which provide travel companies more control over the user experience to minimize friction, along with all of benefits of traditional 3-D Secure, including fraud liability shift.
“We are excited to integrate into the CyberSource platform and take advantage of Visa’s payment management capabilities for our industry partners,” said Rodrigo Celis, Vice President of Product Management at Sabre. “This collaboration will allow our industry partners to manage fraud more efficiently and process more forms of payment, ultimately creating a better purchasing experience for our customers worldwide.”