London, UK — August 14, 2023
In short: Outpayce integrates Riskified’s fraud prevention suite into its travel payments platform.
Outpayce & Riskified Partnership
The News
Outpayce, a travel payments platform, has partnered with Riskified to incorporate its fraud prevention technology. According to Travel Distribution News, flight booking transactions have become 14% riskier over the past year, prompting the collaboration. The partnership aims to enhance security for high-value, card-not-present transactions across global markets.
Industry Context
This integration falls under the broader category of fraud prevention solutions for travel payments, a segment where Outpayce and Riskified are entering a competitive landscape. While no direct competitors are named, the move addresses the growing challenge of fraud in airline payments, a notoriously high-risk ecommerce vertical.
Key Details
- Outpayce: Travel payments platform
- Riskified: Fraud prevention provider
- Scope: Integration of Riskified’s suite into Outpayce’s platform
- Timeline: Partnership announced on August 14, 2023
- Eligibility: Likely applicable to Outpayce’s global travel payment user base
What Travel Professionals Should Know
For TMCs and airlines managing international bookings, this partnership means enhanced fraud protection for high-value transactions. Travel professionals should evaluate whether Outpayce’s platform meets their security needs, particularly for card-not-present bookings across diverse geographies.
Frequently Asked Questions
What is the Outpayce Riskified partnership?
Outpayce has integrated Riskified’s fraud prevention technology into its travel payments platform to combat rising fraud rates in airline transactions.
Which travel trade segments does this affect?
This partnership primarily impacts TMCs, airlines, and other travel businesses handling high-value, online bookings, especially those with international clientele.
When does this take effect?
The partnership was announced on August 14, 2023, but the specific implementation timeline is not detailed in the source article.
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