CyberSource(R) Enhances Payment Processing Software With Support For Electronic Checks
New Functionality Allows Enterprise Businesses to Extend Reach to a Broader
Customer Base and Increase Customer Satisfaction
MOUNTAIN VIEW, Calif., Aug. 1 --
CyberSource Corporation (Nasdaq: CYBS), a leading provider of risk management
and electronic payment solutions for enterprise businesses, today announced
its release of the CyberSource Payment Manager version 3.5, an enhanced
payment processing software that now provides support for electronic checks.
The new functionality allows enterprise businesses to offer customers multiple
payment options, extending their reach to a broader customer base that
includes purchasers who prefer to pay by check and/or do not have credit
cards.
"Organizations such as telcos, utilities, government agencies and
financial services companies have historically preferred checks when operating
in the physical world," said Tracy Wilk, Vice President of Payment Product
Management for CyberSource Corporation. "We`re pleased to extend the
capabilities of the CyberSource Payment Manager so that these organizations
can continue to offer their preferred payment method when they begin
conducting business online and over the telephone. Additionally, despite the
emergence of credit cards specially designed for procurement, checks continue
to be the preferred business-to-business payment method."
Electronic checks are ideal for businesses that offer recurring billing or
that wish to offer bill payment by electronic check in addition to credit,
debit, procurement, or private label cards. Additionally, with electronic
checks, businesses can realize lower transaction fees than those associated
with credit cards, reduce or eliminate the inefficiencies associated with
processing physical checks and invoices, and shorten the time needed for funds
to be deposited into their accounts.
CyberSource Payment Manager version 3.5 now also provides support for
dynamic "soft descriptors." Soft descriptors allow businesses to customize
line-item descriptions on cardholder statements to include information such as
the category of goods that were purchased and the merchant`s toll-free
customer service number. By providing additional insight into each
transaction, soft descriptors make it easier for consumers and corporate
buyers alike to keep better purchasing records, increasing customer
satisfaction and reducing merchants` customer support and dispute resolution
costs.
The CyberSource Payment Manager version 3.5, designed for enterprise
businesses with multiple sales channels processing large volumes of
transactions, is now available. Both electronic check and soft descriptor
features of Payment Manager version 3.5, are specifically accessible to
organizations using Paymentech services for payment processing.
About the CyberSource Payment Manager
The CyberSource Payment Manager software is a powerful,
transaction-processing server that supports all enterprise sales channels. It
operates behind-the-scenes to authorize and settle credit and debit cards and
electronic checks through built-in connections with third-party processors and
merchant banks. The software integrates seamlessly with legacy front-end,
financial management and customer relationship systems
More on CyberSource Payment Manager:
http://www.cybersource.com/solutions/electronic_payment/solutions/software.xml
More on CyberSource payment solutions:
http://www.cybersource.com/solutions/electronic_payment/solutions/
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. All other brands and product names are trademarks or registered
trademarks of their respective companies.
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CONTACT:
Jennifer Jennings of CyberSource Corporation
+1-650-965-6042
jjennings@cybersource.com
Liz Haas of Atomic Tech PR
+1-415-703-9454
or liz@atomicpr.com
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