| Credit cards fraud and their effect on the | | | | hanging in the balance currently with |
| LCC | | | | industry watchers claiming data theft, |
| | | | identity theft and misuse of credit cards to |
| Many Low Cost Carriers have emerged in the | | | | buy cheap LCC tickets and sell them at |
| Indian and neighboring skies and allied | | | | premium prices being a real headache for |
| business reports have been filtering in ever | | | | genuine flight operators. |
| since as to their positive and negative | | | | |
| role-play in what can be the possible future | | | | Understanding the concept, consequences and |
| of the travel industry, related fields of | | | | impact of credit card fraud on the LCC |
| business and passengers. However, while most | | | | |
| of the world at large is rejoicing at the | | | | The travel industry has fast realized the |
| prospects of big savings and bigger special | | | | negative consequences of launching a customer |
| discounts given by these LCC's to regular, | | | | friendly scheme of ticket-purchase via credit |
| middle class customers that couldn't have | | | | cards as many big players have burnt their |
| afforded air-travel before this option | | | | fingers and reputation, in trying to uphold |
| emerged, there is wide-spread panic within | | | | their market image after the sudden impact of |
| the LCC providing services: the impact of | | | | credit card fraud on the LCC has been |
| credit card frauds on the LCC being the | | | | publicized. |
| greatest cause of concern for the travel | | | | |
| industry. | | | | The management of LCCs and that of smaller |
| | | | travel agencies where sometimes the booking |
| The impact of credit card fraud on the LCC | | | | is outsourced to, as affiliate partners have |
| and how it has led to a greater necessitation | | | | been under cloud as reports of credit card |
| for enhanced data security and safer means of | | | | fraud in the travel industry have costing the |
| alternate transaction of tickets for LCC | | | | airline industry about $1.5 billion annually |
| customers and corporate ticket buying is | | | | filter in! |