Launch of vProtect Fraud Prevention
vProtect is our new modular, PCI DSS-compliant, fraud prevention solution, integrated with our proprietary Vector ecosystem, specifically developed to tackle airline fraud.
An industry plagued by online fraud
Airlines that have not adopted technology for online in-flight payments create opportunities for perpetrators to exploit the POS system's inability to instantly authorise transactions.
Across the evaluation period, (Jun-23-Jul-24), almost ~£20M of in-flight purchases using Mastercard cards were declined post release of the merchandise. Whilst reported fraud is less than 1bp, these declines constitute a significant direct loss to airlines representing ~4% of the total in-flight sales. Considering that these metrics only contain UK Mastercard issued cards, the extent of losses will be more severe across the entire payment ecosystem. (Source: Mastercard Airline in-flight acceptance abuse Research Report)
What if a fraud mitigation platform could facilitate blocking cards, to reduce not only future onboard use of the card, but wider online payment blocking, easier recovery of revenue and industry collaboration to help in the global fight against sophisticated fraudsters?
Welcome to vProtect
At Retail inMotion, we are global retail experts, providing onboard retail programs and integrated technology solutions to international airlines for over 20 years, processing over billions of dollars in inflight payments annually.
vProtect is our new modular, PCI DSS-compliant, fraud prevention solution, integrated with our proprietary Vector ecosystem, specifically developed to tackle airline fraud.
It uses secure precise data, intelligent feedback loops and industry collaboration to stop fraud before it happens – without compromising legitimate sales.
To find out more, download our vProtect brochure and get in touch with us via our ‘Contact Us’ button above.
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