To enhance security for travel merchants and their customers, Etraveli Group, the flight technology provider, has announced a partnership with PRECISION, the flagship product of the group’s fintech arm, EG Fintech Solutions, and Mastercard Gateway, the global payment network.
Working together with Mastercard, EG Fintech Solutions’ PRECISION will provide better payment transaction security in the travel industry. Combining its travel fraud expertise with Mastercard’s global payments network, PRECISION will also be able to provide real-time risk insights and payment experiences to travel merchants and customers.
Said merchants will be able to grow confidently in a complex fraud landscape, all while reducing friction and enhancing trust as a result of the partnership. This builds on PRECISION’s existing success, which has seen it handle multibillion-dollar transaction volumes annually across more than 200 territories, backed by two decades of fraud prevention expertise.
Peny Rizou, chief fintech officer, head of EG Fintech Solutions, commented: “We’re proud to partner with Mastercard Gateway to further expand access to PRECISION’s powerful fraud protection for travel merchants globally. Our solution gives merchants unmatched accuracy and speed of decisioning, along with the integration ease and flexibility they’ve never had before when it comes to managing fraud.”
Why Mastercard?
Mastercard, a global leader in payment technology and security, has long supported the travel industry with trusted, scalable infrastructure. Through Mastercard Gateway, the company enables secure, flexible payment acceptance across more than 30 payment methods, making it a natural partner for bringing PRECISION’s fraud protection to more merchants, faster.
Mathias Hedlund, chief executive officer at Etraveli Group, commented: “Our partnership with Mastercard extends the global reach of PRECISION, bringing its benefits to more travel merchants worldwide. It contributes directly to our strategy of being the global leader in delivering innovative tech solutions for the travel ecosystem, with the highest level of quality.”
Maria Parpou, executive vice president, Mastercard Payment Gateway Services, said: “As a long-standing partner to the travel industry, we understand the unique fraud challenges it faces. By integrating with PRECISION, built specifically for travel, we’re strengthening our ability to support merchants with specialised protection at scale.”
Travel merchants can integrate PRECISION through Mastercard Gateway with minimal technical effort, avoiding major infrastructure changes. The solution offers real-time fraud protection designed specifically for the complexities of the industry, helping airlines and travel sellers make faster decisions and streamline operations.
