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Mexican travel agency PriceTravel has signed an agreement with online fraud prevention firm Accertify for the latter to provide a tailored solution to detect and resolve growing card-not-present fraud and chargebacks in Mexico, Accertify said in a statement.
The platform from Accertify, an American Express (NYSE: AXP) company, will be incorporated into PriceTravel's existing website, and is expected to reduce the company's fraud-related losses and administrative costs.
Headquartered in Cancún, PriceTravel provides an online portal for consumers to reserve hotels, travel packages, car rentals, tours and airline tickets for destinations in Mexico, the Dominican Republic, the US and the Caribbean.
Accertify provides e-commerce companies with hosted software solutions, tools and strategies for preventing online fraud and mitigating enterprise-wide risks.