As part of its effort to increase the use of virtual payments to decrease fraud, Sabre Corporation and its partner Conferma have integrated the Sabre Virtual Payment solution for air tickets into the Sabre Red Workspace.
The digital payment option is offered as a new form of payment, giving agents the ability to generate virtual cards as part of existing ticketing and payment processes. The new payment method will be listed alongside credit cards, cash or check options, providing a seamless payment process.
Sabre Virtual Payments gives agents the option to set credit limits, apply date restrictions, and define merchant categories; can be used at time of ticketing, refunding, and exchanging; and it can be stored in customers’ preferences through Sabre Profiles.
According to research from PYMNTS.com, instances of fraud grew 127 percent between 2015 and 2016, and businesses have lost approximately $3.5 trillion in that time.
With this point-of-sale enhancement, Sabre is the only virtual payment provider with global core system integration for network, hybrid, and low-cost airlines, offering accounts to both the agency and corporation with multi-bank and multi-funding options.
Sabre has seen an increase in the use of virtual cards among travel agencies and corporations, with the year-over-year growth of 130 percent.
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