FIN has compiled a large database of travel fraud which is growing daily. The data is provided by different travel organisations from across the industry. As fresh data is ingested the tool carries out basic analytical processes and identifies links with previous entries which can be reported very simply and quickly.
If a criminal decides to defraud a company that is a user of the FIN tool the system and enters stolen identity or payment details into the company website over the phone to the call centre, the company can check every item of data that is used including any of the following:
Payment Card Users, Name, Other Passengers Names, Payment Card Users Addresses, Other Passengers Addresses, Payment
Card Users Telephone numbers, Other Passengers Telephone numbers, Payment Card Users Mobile telephone numbers, Other Passengers Mobile telephone numbers, Payment Card Users e-mail addresses, Other Passengers e-mail addresses, IP addresses, BIN numbers, Payment Card type, Departure points, and Destinations.
The FIN tool matches any details against data in its database and then flags any details that match to the company’s fraud team who can review the booking and decide whether to accept or reject the transaction. The fraudster is blocked from the company’s website and the details of the booking that the criminal entered are ingested into the FIN system so that other users can benefit from the information.
By pooling our fraud data in this way we can reduce the risk of a successful fraud attack against the industry and ourselves.