CyberSource Releases New Payer Authentication Service for Online Merchants
Service Supports Both Visa and MasterCard Cardholder Verification Programs
Providing Merchants Guaranteed Payment for Online Transactions
MOUNTAIN VIEW, Calif., Sept. 16 -- CyberSource Corporation (Nasdaq: CYBS), a leading provider of electronic
payment and risk management solutions for enterprise businesses, today
announced the planned release of its new Payer Authentication Service in the
United States and United Kingdom on September 25, 2002 -- the first service to
provide merchants "no hassle" access to both Visa`s "Verified by Visa" and
MasterCard International`s authentication program, as well as complementary
fraud protection services.
The Verified by Visa cardholder-authentication service, based on the 3-D
Secure standard, deters unauthorized card use and provides chargeback
protection for participating merchants. MasterCard`s authentication program
is based on the Universal Cardholder Authentication Field (UCAF), which
supports a broad spectrum of issuer security solutions and offers similar
cardholder and merchant protections. The new CyberSource Payer Authentication
Service provides access to these cardholder authentication services through a
single, convenient connection, making it easier for merchants to rapidly
implement and maintain secure payment capability.
"Our goal was to make merchant adoption of these valuable programs as easy
and effective as possible," said Jeff King, Director of Product Management for
CyberSource. "By using the CyberSource Payer Authentication Service,
merchants can make use of the programs quickly and also access complementary
fraud screening services. All it takes is a connection to our data centers
-- there`s no software to install or manage; and, as system specifications
change, or new verification services are introduced by other card brands, we
manage the changes. The merchant`s systems aren`t impacted."
Because effective fraud control requires a multi-faceted approach,
CyberSource fraud screening services are also available through this same
connection. These services complement the protection offered by Visa and
MasterCard programs, as well as reliably controlling fraud risk on
transactions involving card brands not yet offering authentication services.
The CyberSource Payer Authentication Service can be used in conjunction with a
merchant`s existing payment system, or accessed in combination with
CyberSource payment services for a single, authenticated payment solution.
More on CyberSource payment and risk management solutions:
http://www.cybersource.com/products_and_services/
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.
SOURCE: CyberSource Corporation
CONTACT: Editorial, Liz Haas of Atomic Tech PR, +1-415-703-9454, or
liz@atomicpr.com, for CyberSource Corporation
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