What is CyberSource? CyberSource Review

introduce

CyberSource is headquartered in Foster City, California, with offices in Asia, Europe, Latin America, the Middle East and Africa, and the United States.

Development History

CyberSource was one of the pioneers in providing online payment and fraud management services to large and medium-sized merchants during the early days of e-commerce in 1994.

In November 2007, CyberSource acquired Authorize.Net, a U.S. small business payment service provider, for $565 million, thereby expanding its market coverage to cover everything from the smallest sole proprietorship to the largest global brands.

In 2010, Cyber ​​Source was acquired by Visa and operates as a wholly owned subsidiary of Visa.

In March 2015, Japanese communication application Line said it had signed an agreement with CyberSource, a global e-commerce payment company under Visa, to become a strategic partner in order to accelerate the business expansion of Line Pay, a mobile payment system launched in December last year.

CyberSource, a subsidiary of Visa Inc., today announced the launch of Decision Manager Replay, the industry’s first fraud optimization analytics tool that enables merchants to quickly analyze and adjust their online fraud management strategies.

As of December 31, 2016, Cyber ​​Source provided online payment management solutions to more than 400,000 merchants worldwide across multiple industries.

In September 2017, CyberSource entered into a partnership with Xendit, a fast-growing payment services company in Indonesia. This partnership means that Xendit is the first company in the Asia Pacific region to work with CyberSource to tokenize customer data using the CyberSource Flex API, allowing it to provide a powerful payment gateway for the next generation of businesses to send and receive payments more conveniently and securely without the risk of storing customer data. This has increased Xendit's transaction success rate by 30%.

Products include

CyberSource provides electronic payment processing networks, call centers and POS environments. It also provides industry risk management services, professional services design, integration, and optimization of e-commerce transaction processing systems. More than 400,000 companies around the world use CyberSource products, including half of the Dow Jones Industrial Average companies.

Payment Processing

Accept payments in multiple currencies from mobile devices, networks, call centers and POS sales channels around the world.

Payment methods: Cards, digital wallets, instant checkout, bank transfer, direct debit and alternative payments. Supports one-time, recurring and instalment payments, as well as global tax calculation and dynamic currency conversion. Support may vary by country.

Features of cybersource payment

Payment Security: Use CyberSource Secure Acceptance and CyberSource Tokenization services to process payments and refunds without having to handle or store payment data.

Fraud Management: Fight fraud with CyberSource Decision Manager, the world’s largest fraud detection radar. Fraud analysts around the world help monitor fraud trends and provide strategic consulting services. Note: Implement as a standalone system or in conjunction with other CyberSource services.

CyberSource Decision Manager

introduce

CyberSource offers a multi-layered fraud management solution that covers everything from account monitoring to transaction fraud detection, from rule tuning to payer identity verification, helping enterprises minimize fraud losses, increase revenue, and reduce operating costs.

CyberSource's anti-fraud management solution, Decision Manager, is the world's largest anti-fraud monitoring device, enabling partners to identify fraud faster and more accurately with less human intervention. With Decision Manager, CyberSource's partners will be able to gain more order information and compare it with Visa and CyberSource's processing data of more than 60 billion transactions per year. The data comes from a variety of payment methods and merchants around the world, including online, call centers, mobile devices, and point-of-sale (POS) sales channels. Transaction data also includes data from 260 confirmations and related tests. The solution effectively expands the visibility of transaction types in depth and breadth.

use

In March 2012, 99Bill announced that it had officially adopted the online anti-fraud management solution provided by CyberSource to provide merchants with more secure and reliable cross-border payment services.

In June 2013, CyberSource partnered with DX.com, a well-known Chinese shopping website, to strengthen the anti-fraud management capabilities of the latter's online payment business.

In September 2013, CyberSource provided DHgate with the anti-fraud detection system Decision Manager to enhance DHgate's anti-fraud management capabilities in its online payment business.

In August 2015, CyberSource announced a partnership with Qunar.com, one of China's largest travel search engines and booking sites. The agreement will enable Qunar.com to provide secure and reliable payment services while expanding its global customer reach.

China Eastern Airlines deployed CyberSource Decision Manager anti-fraud management tools across its entire online platform for cross-border transactions in early 2016.

Cross-border e-commerce payment collection

CyberSource has officially partnered with Shopify. From now on, Shopify independent site sellers can also officially use CyberSource to collect payments.

References

• 1. CyberSource Real-time Anti-Fraud Analysis: Sohu [cited on 2015-12-27]
• 2. China Eastern Airlines cooperates with CyberSource, an international advanced risk control supplier, to significantly improve payment success rate: carnoc [cited on 2017-04-09]
• 3. CyberSource helps Qunar.com to expand globally safely: Official website [cited on 2019-04-22]
• 4. 99Bill introduces CyberSource anti-fraud management to expand cross-border payment business: Official website [cited on 2012-03-28]