Visa Amends Rules to Help Airline Industry Reduce Card-Not-Present Fraud

Business News
Print
ARLINGTON, Va.--(BUSINESS WIRE)--Visa Inc. announced at a recent meeting of the Airlines Reporting Corporation (ARC)-sponsored Credit Card Working Group (CCWG) that effective October 2015 it will accept airline-supplied flight manifests as a remedy for fraud payment card chargebacks. This remedy represents an opportunity for the airline industry to recoup millions of dollars lost each year in “friendly fraud,” which occurs when a cardholder claims fraud for a transaction they were involved in.

imageimage
image