Posts Tagged “Cybersource”

CyberSource

We're more than a global payment gateway—we're a payment management company. CyberSource provides a complete portfolio of services that simplify and automate payment operations. Customers use our CyberSource and Authorize.Net brand solutions to process online payments, streamline fraud management, and simplify payment security. Born during the dawn of eCommerce in 1994, CyberSource was one of the pioneers in online payment and fraud management services for medium and large-sized merchants.     In 2007, we acquired the leading U.S. small business payment services provider, Authorize.Net, thus expanding our market footprint to cover businesses ranging from the smallest sole proprietorships to the largest global brands.     In 2010 CyberSource was acquired by, and operates as a wholly-owned subsidiary of, Visa Inc. Today, over 300,000 businesses worldwide use CyberSource solutions.


Litle & Co. Selects CyberSource Decision Manager Anti-fraud Solution for Its Portfolio of eCommerce Merchants

LOWELL - MOUNTAIN VIEW — CyberSource Corporation, a Visa company (NYSE: V), today announced that Litle & Co. has partnered with CyberSource to offer CyberSource Decision Manager as the preferred fraud detection solution for Litle's portfolio of eCommerce merchants. CyberSource Decision Manager includes the world's largest fraud detection radar—data insight derived from the over 60 billion transactions processed annually by Visa and CyberSource, supplemented by 200 validation and correlation tests—to help merchants make faster, more accurate order acceptance decisions.


Flight Centre Enlists CyberSource's Payment Processing and Fraud Management Services to Further Enhance Customer Convenience

SYDNEY — CyberSource, a Visa company (NYSE: V), today announced that Brisbane-based travel agency group Flight Centre Limited, recently named Asia's leading travel management company, will use CyberSource's global payment and fraud management services to enhance customer convenience.


Visa Inc. Completes Acquisition of CyberSource

SAN FRANCISCO - Visa Inc. (NYSE: V) ("Visa") announced today that it has completed its acquisition of CyberSource Corporation (Nasdaq: CYBS), at a price of $26.00 per share of CyberSource common stock, or total consideration of approximately $2.0 billion, to be paid with cash on hand.


Fraudsters Nab $1.4 Billion from Airlines

MOUNTAIN VIEW — Survey findings released today by CyberSource Corporation, a Visa company (NYSE: V) show that while airlines are gaining in their war against fraud, much work remains to be done. Airlines reported a loss of about $1.4 billion USD to online payment fraud in 2010.


CyberSource/Trustwave Survey Shows Merchant Concern Over Brand—Not Fines—Drives Payment Security Investments

SAN FRANCISCO - CHICAGO — Findings from a new survey of eCommerce merchants released today by CyberSource, a Visa company (NYSE: V) and Trustwave, a leading data security and compliance firm, show that nearly 70 percent of respondents cited the need to "protect the brand" as the primary driver for tightening controls against hackers and other payment security risks. Only 26 percent said avoiding fines resulting from non-compliance with the Payment Card Industry Data Security Standard (PCI DSS) were the key motivator.


CyberSource Stockholders Approve Acquisition by Visa

MOUNTAIN VIEW | CyberSource Corporation (NASDAQ: CYBS) announced that, at its special stockholders meeting held earlier today, its stockholders approved the acquisition of CyberSource by Visa Inc. (NYSE: V) ("Visa"). Approximately 71.76% percent of the outstanding shares were voted, of which approximately 99.77% were voted in favor of the acquisition. Subject to the satisfaction of customary closing conditions, the acquisition is expected to close July 21, 2010.


CyberSource Brings World's Largest Fraud Detection Radar to Online Merchants

MOUNTAIN VIEW — CyberSource, a Visa company (NYSE: V), today announced availability of the world's largest real-time fraud detection radar, empowering online merchants to pinpoint fraud faster, more accurately, and with less manual intervention. This advance enables merchants to conduct more accurate analyses of their inbound orders, including comparison of those orders to the over 60 billion transactions Visa and CyberSource process annually, including orders that were confirmed to be fraudulent.


CyberSource Announces Renewed Agreement With Facebook

MOUNTAIN VIEW - CyberSource, a Visa company (NYSE: V), today announced that Facebook has extended its agreement to use the CyberSource Payment Management Platform for credit and debit card payments. The new agreement extends an existing worldwide relationship.


2011 Online Merchants Made Most Progress Against Fraud in 13 Years

SAN FRANCISCO — CyberSource, a Visa company (NYSE: V), today announced results of its 13th annual survey of eCommerce fraud.


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