PriceTravel Chooses Accertify to Protect its Online Travel Platform Against Fraud

El Debate, September 6, 2011

Accertify, a leading provider of risk management and fraud prevention services, announced today that PriceTravel, a rapidly growing online travel agency based in Latin America, has signed an agreement to leverage Accertify's comprehensive risk management solution. This signing is the latest achievement in Accertify's successful expansion into Latin America and the Caribbean (LAC).

Based in Cancun, Mexico, PriceTravel offers an online portal that enables users to book hotels, packages, rental cars, tours and plane tickets to the main destinations in Mexico, the Dominican Republic, the United States and the Caribbean. To deal with the threat posed by card-not-present fraud and chargebacks, which are increasingly frequent in Mexico, Accertify, an American Express company, will deliver a fraud prevention solution to detect and solve high risk transactions. This platform is expected to dramatically reduce administrative costs and fraud related losses faced by PriceTravel, as well as to streamline the review of the transactions it processes, thereby reducing delays and increasing client satisfaction.

“We are lucky to have been able to sustain significant growth in the last few years, and we are aware that our increasing volume of transactions makes us more vulnerable to fraud. Thanks to its exclusive, flexible and customizable set of products and services, Accertify has become the ideal partner to help us improve our own platform and implement an effective fraud prevention strategy,” states Oliver Reinhart, CEO of PriceTravel. “Since Accertify's platform effectively automates the transaction screening process, we are able to focus on our business and foster our relationships with current and future clients.”

“As PriceTravel continues to grow at an accelerated rate, it becomes crucial for the company to scale its risk management operations and reduce its reliance on costly monthly reviews. With Accertify implementing its fraud prevention strategy, PriceTravel can focus the company's resources on its expanding business and, in turn, enjoy the effectiveness of an automated, customized fraud preventing solution, which guarantees a higher level of protection for both clients and partners,” explains Eldred F. Garcia, Accertify Senior Vice President of Business Development in LAC.

PriceTravel will incorporate Accertify's platform into its existing website. The application will be tailored to PriceTravel's needs and will include screening, priority setting, review and resolution processes in order to streamline fraud prevention.

Accertify's platform is the ideal solution for all kinds of e-commerce businesses in Latin America, since its capabilities to manage multiple languages and currencies are conveniently positioned to develop customized fraud prevention and risk management solutions for companies throughout the region. Accertify has officially entered the LAC market in December 2010 and has recently expanded to Mexico and Brazil to support the company's rapid growth.

About Accertify

Accertify Inc., a subsidiary of American Express based in Itasca, IL, United States, is a leading provider of software solutions, tools and strategies for preventing online fraud and alleviating risks faced by e-commerce businesses. Its Interceptas® platform integrates all the components associated with fraud prevention, applies state-of-the-art automated systems to each stage of the sales process and offers advanced capabilities for managing data. Designed with commerce in mind, this platform provides flexibility to prevent all kinds of criminal behavior, including fraud related to card-not-present purchases, online scams and policy abuse, merchandise returns and exchanges and other challenges inherent to data management. Accertify has undertaken to provide online companies with the most cost-effective fraud preventing solution available. For more information, please visit www.accertify.com.

CONTACT: Raúl Bustamante. The Jeffrey Group, rbustamante@jeffreygroup.com.  P. +52 (55) 5281-1121 Ext. 122