CyberSource(R) Announces Enhanced Payment Service Performance and Security
Enhancements Strengthen Security and Reduce Transaction Times More Than
50 Percent
MOUNTAIN VIEW, Calif., Feb. 13 --
CyberSource Corporation (Nasdaq: CYBS), a leading provider of electronic
payment and risk management solutions for enterprise businesses, today
announced that it has enhanced its transaction processing infrastructure with
the industry`s most advanced asymmetric encryption standards to provide its
customers an unparalleled, highly secure and efficient electronic payment
processing service.
With the recent security enhancements, CyberSource customers realize a
dramatic cryptographic performance increase, reducing average transaction
times by nearly 50 percent and raising payment processing capacity by more
than 40 percent. CyberSource is the only payment transaction provider in the
industry to enforce a highly secure public key infrastructure (PKI)-based
cryptographic security model to authenticate and secure 100 percent of the
transactions processed on behalf of its more than 3,000 customers worldwide.
Unlike other security solutions, such as password authentication, which
typically consists of only eight characters and can be compromised easily by
"hackers" who guess passwords, reproduce them and/or distribute them, the
CyberSource system utilizes a private key, known only by the merchant, with
over 1,024 bits of data used to authenticate each transaction, making it
virtually impossible to penetrate.
"It is our goal to provide merchants with the most secure payment
processing infrastructure possible," said Robert Ford, Chief Technical Officer
at CyberSource Corporation. "The CyberSource Payment Service utilizes proven
1024-bit, asymmetric encryption standards to authenticate our merchants for
all transactions. This authentication model is stronger and more secure than
the password authentication models still employed by many payment processors
and provides our customers an unparalleled level of security. And, we have
implemented the technology in a highly efficient fashion, making for greater
consumer satisfaction when purchasing on our clients` web sites."
CyberSource selected RSA Security (Nasdaq: RSAS) technology to complete
the security upgrade resulting in a more efficient and secure transfer of
sensitive cardholder data with its transaction customers. RSA BSAFE(R) Cert-C
encryption software is used to create certificate processing and cryptographic
software applications that integrate into a public key infrastructure.
"RSA BSAFE encryption software is trusted the world over by developers seeking
to build world-class e-security into mission critical infrastructures," added
John Worrall, Vice President of Product Marketing at RSA Security. "We are
always excited to help companies recognize the type of substantial and
positive results that CyberSource has seen with its customers."
About The CyberSource Payment Solution
The CyberSource payment solution, available as an outsourced service or
in-house managed software, operates behind-the-scenes to authorize and settle
electronic payments through built-in connections with third-party processors
and merchant banks. Developed for large enterprises with demanding needs,
CyberSource payment solutions support web, call center, IVR and POS sales
environments. CyberSource payment solutions integrate smoothly with major
commerce platforms, ERP and CRM systems, and are designed for compatibility
and interoperability with new standards and products.
Both CyberSource software and outsourced payment service options provide
real-time, multiple currency support and integrate seamlessly with
CyberSource`s risk management solutions, giving businesses a powerful way to
protect against losses from fraud. Further, with the outsourced CyberSource
payment service, enterprise businesses can rely on fast, secure, reliable,
electronic payment service, worldwide, without the complexity of maintaining
an in-house system.
About RSA Security Inc.
RSA Security Inc., the most trusted name in e-security(R), helps
organizations build secure, trusted foundations for e-business through its RSA
SecurID(R) two-factor authentication, RSA ClearTrust(R) Web access management,
RSA BSAFE encryption and RSA Keon(R) digital certificate management product
families. With approximately one billion RSA BSAFE-enabled applications in
use worldwide, more than ten million RSA SecurID authentication users and
almost 20 years of industry experience, RSA Security has the proven leadership
and innovative technology to address the changing security needs of e-business
and bring trust to the online economy. RSA Security can be reached at
www.rsasecurity.com.
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 http://www.cybersource.com or email info@cybersource.com.
NOTE: CyberSource is a registered trademark in the U.S. and other
countries. RSA, BSAFE, ClearTrust, Keon, SecurID and The Most Trusted Name in
e-Security are registered trademarks of RSA Security Inc. All other brands
and product names are trademarks or registered trademarks of their respective
companies.
CONTACT:
Jennifer Jennings of CyberSource Corp.
+1-650-965-6042
jjennings@cybersource.com
Liz Haas of Atomic Tech PR
+1-415-703-9454
liz@atomicpr.com
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