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Managing fraud on travel bookings

The highly competitive travel industry faces a unique set of challenges around payments acceptance and fraud prevention. 

With most operators in this sector experiencing low margin, high value transactions, it is critical that the right balance is struck between efficiently processing genuine customer bookings and protecting the company from the risk of fraud. 

Here, ACI outlines some of the key fraud management issues facing the travel industry and provides best practice tips on how to mitigate them.