Expedia Group announced today that American Express Global Business Travel (Amex GBT) will use Expedia Group’s Fraud Prevention as a Service (FPaaS) solution for travel bookings on its Amex GBT Egencia solution. FPaaS blocks fraudulent transactions before they happen, reducing unscrupulous activity and enabling more protection for their clients.
With data models based on billions of data points from over 25 years of travel industry experience, Expedia Group’s Fraud Prevention as a Service solution leverages artificial intelligence and machine learning (AI/ML) to look at signals and flag suspicious activity when behaviour patterns deviate from the norm, allowing intervention before fraud occurs.
Key features included in FPaaS used by Amex GBT’s Egencia solution are ‘Booking Screening’, where Expedia Group reviews e-commerce transactions in real time with AI/ML fraud detection models to stop fraudulent transactions at the source, and ‘Account Takeover…