CyberSource(R) Clarifies Details of Patent-Pending Fusion Scoring Technology
MOUNTAIN VIEW, Calif., May 10 --
CyberSource Corporation (Nasdaq: CYBS), a leading provider of risk management
and electronic payment solutions for enterprise businesses, today clarified
details about its patent-pending Fusion Scoring technology, announced April
10, 2002. These details clarify the distinction and relationship between
CyberSource`s patent-pending scoring technology; the CyberSource Advanced
Fraud Screen Service enhanced by Visa (CAFSSEV) announced October 22, 2001;
and related Visa technology.
New Fusion Scoring Technology
Historically, fraud screening solutions have been primarily based on
either a rules- or neural network-based model. Each of these models has
inherent strengths and weaknesses in determining the risk of fraud in
card-not-present orders. The CyberSource patent-pending Fusion Scoring
technology fuses the results generated from any number and type of scoring
models, appropriately utilizing the best attributes of each model to increase
scoring accuracy. Compared to systems using only a rules or neural network
model, internal test results indicate Fusion Scoring technology can increase
scoring accuracy up to 100 percent.
Fusion Scoring Technology and CyberSource Advanced Fraud Screen enhanced
by Visa
CyberSource Advanced Fraud Screen Service enhanced by Visa is a real-time
payment card fraud risk prediction scoring service announced by CyberSource
and Visa in October 2001 with planned availability in May 2002. CyberSource
contributes to CAFSSEV a rules-based model and a neural network model that
monitors and analyzes trends in CyberSource`s large, constantly updated
database of global online fraud trends and purchase activity across multiple
merchants. The score results of each model are blended using the new
CyberSource Fusion Scoring technology to deliver a highly accurate score to
predict fraud risk.
Visa Technology and CyberSource Advanced Fraud Screen Service enhanced by
Visa
Visa`s patent pending Virtual Intelligence Risk Technology will enable the
CyberSource Advanced Fraud Screen Service enhanced by Visa to further improve
fraud detection accuracy for card-not-present merchants. Visa`s Virtual
Intelligence Risk Technology provides continuous model updates to the service.
Frequent model updating is critical in identifying rapidly changing fraud
patterns, which are becoming more common now that physical boundaries are no
longer barriers in an increasingly interconnected world. This proprietary
technology employs global fraud trends and global online and offline payment
card usage patterns.
About CyberSource
CyberSource Corporation is a leading provider of risk management and
electronic payment solutions for enterprise businesses selling via multiple
sales channels. CyberSource solutions manage transaction risk and enable
electronic payment processing for Web, call center/IVR, and POS environments.
CyberSource professional services designs, integrates and optimizes
enterprise-wide commerce transaction systems. Over 3,000 businesses use
CyberSource solutions, including over half of the Dow Jones Industrial
companies. The company is headquartered in Mountain View, California, and has
sales and service facilities in Japan, the United Kingdom, and other locations
in the United States. For more information, please visit CyberSource`s web
site at www.cybersource.com or email info@cybersource.com.
NOTE: CyberSource is a registered trademark in the U.S. and other
countries. All other brands and product names are trademarks or registered
trademarks of their respective companies.
Statements in this release that are not purely historical are
forward-looking statements, including any statements regarding beliefs, plans,
estimates, projections, expectations, goals or intentions regarding the
future. Forward-looking statements in this release include statements
regarding (1) the number and type of data sources that can be fused, (2) the
ability of the technology to identify and use only the best attributes of
multiple fraud models, (3) the accuracy resulting from use of the fusion
technology, and (4) accuracy enhancements in the CAFSSEV risk score resulting
from risk scores contributed by Visa. Factors that could cause actual results
to differ materially include risks and uncertainties such as any unforeseen
event or any unforeseen technical difficulty related to the Internet as a
whole or to the CyberSource services in particular and the development by
CyberSource and its competitors of new products and services. It is important
to note that actual outcomes could differ materially from those in such
forward-looking statements. Readers should also refer to the documents filed
by CyberSource with the Securities and Exchange Commission, specifically the
annual report filed on Form 10-K for the year ended December 31, 2001, filed
with the Securities and Exchange Commission on March 27, 2002, which
identifies important risk factors.
CONTACT:
Jennifer Jennings
CyberSource Corporation
+1-650-965-6042
jjennings@cybersource.com
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