FinMont teams up with PRECISION to reduce fraud in travel payments

Global payment orchestration platform FinMont has joined forces with PRECISION to advance innovation and mitigate fraud challenges in travel payments. 

As part of their collaboration, FinMont and PRECISION intend to address the complexities faced by airline companies when it comes to payment fraud. PRECISION is set to integrate its fraud prevention technology into FinMont’s platform and develop a payment ecosystem that focuses on mitigating the challenges of travel payments.

The partnership between FinMont and PRECISION comes a few months after the former entered several alliances with airlines to further support their operations. For example, back in November 2024, FinMont teamed up with Lufthansa to improve and optimise B2B payments leveraging the Camino Network in non-BSP markets. The move allowed the integration of Camino Network’s blockchain solution, purposefully designed for the travel industry, to document all transactions, with the solution assisting the…