SOURCE: Ethoca

August 11, 2008 09:00 ET

CostJet Takes Global Fraud-Fighting Community to New Heights

Online Travel Service Provider Sees Ethoca as the Ticket to Higher Revenue and Better Business Decisions

TORONTO--(Marketwire - August 11, 2008) - News Facts:

  • Ethoca, the leader in collaborative fraud management, today announces that CostJet, a fully automated online travel booking service, has joined the Global Fraud-Fighting Community. Ethoca will enable CostJet to raise its revenue through confident acceptance or rejection of customer transactions -- before a ticket is issued.
  • CostJet offers a fully automated online travel Web site that provides lower cost airline tickets and travel services throughout the United States, Europe and Canada. Because CostJet operates in a completely "non-touch" environment, the ability to successfully differentiate between good and bad transactions is crucial to controlling costs, while also minimizing double booking errors prior to a ticket being distributed.
  • Ethoca offers CostJet the unique benefit of secure, confidential collaboration through shared access to fraud experiences in the global business community. By tapping into this increased pool of information, CostJet will avoid costly unwanted transactions while boosting revenue through more legitimate purchasers.
  • CostJet's ticket inventory spans more than 6 million private fares and over 19 million published fares, including airlines such as United, Delta and American Airlines. With key global air partners in the Asia-Pacific region, Europe and Latin America, CostJet offers fares from the largest international carriers based in the United States, and serves more than 500 cities.
  • Ethoca is leading the charge in collaborative fraud management for e-commerce and other customer-not-present environments, including phone, fax or mail order. By connecting its members to a collective pool of member-provided payment experience information, Ethoca enables its members to make more informed decisions about their customer transactions in a way that is efficient, effective and ethical, and in no way a competitive threat.

Quotes

"In today's travel industry, every cent counts to our customers," said Jacque Salentine Busby, president of CostJet. "We know that by embarking on this collaborative anti-fraud initiative with Ethoca, we will increase our revenue and keep the high costs of fraud from being passed down to our customers. CostJet applauds the opportunity Ethoca is offering to the travel services industry, and we look forward to the cost savings we will experience from less double-booking errors and unwanted transactions."

"CostJet is making a name for itself as an innovator in hassle-free and cost-effective travel services," said Andre Edelbrock, Ethoca's CEO. "By joining the Global Fraud-Fighting Community, CostJet is not only charting the way to keep fraud costs down in the travel industry -- it's contributing valuable experience that will make transactions safer and more beneficial for everyone involved."

About Ethoca

Working in partnership with forward-thinking businesses, individuals and law enforcement, Ethoca is making e-commerce safer and more profitable by building and powering the Global Fraud-Fighting Community.

To be more successful in combating fraud, companies must collaborate across and within industries by securely sharing transaction experiences in a way that is not a competitive threat. Ethoca enables businesses that operate in customer-not-present environments (Internet, phone, fax or mail) to make more informed decisions about their customer transactions, by sharing transaction experience data in a way that is secure, automated, effective and ethical. Community members see reduced fraud, lower fraud-related costs, increased revenue from fewer wrongly rejected orders and improved customer satisfaction rates.

Ethoca is a registered trademark of Ethoca Limited. For more information about Ethoca visit www.ethoca.com.

About CostJet (www.costjet.com)

CostJet.com provides lower cost airline prices & travel services throughout the United States, Europe, and Canada for United Sates departures only at this time. CostJet's ticket inventory spans more than 6 million private fares and over 19 million published fares. CostJet brings together loads of listings from hundreds of private and national sources and help you find exactly what you're looking for -- the right flight at the right price.

Contact Information

  • Contact information:
    Chris Iafolla
    SHIFT Communications
    617-779-1857
    Email Contact

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