CyberSource(R) Introduces Payment Integration Cassette for SAP(R) Solutions
Provides Seamless Electronic Payment Processing and Fraud Detection
Functionality for Businesses Operating on SAP Solutions
MOUNTAIN VIEW, Calif., July 8 --
CyberSource Corporation (Nasdaq: CYBS), a leading provider of risk management
and electronic payment solutions for enterprise businesses, today announced
immediate availability of a CyberSource payment cassette for SAP(R) solutions.
The payment cassette integrates with SAP R/3(R) to give businesses selling via
multiple channels the benefits of a CRM/ERP system seamlessly integrated with
highly secure, scalable electronic payment and proven fraud-detection
functionality for streamlined order acceptance and improved customer
satisfaction.
Many R/3 customers often use a separate, manual process to accept credit
and procurement cards. This requires daily human review and reconciliation,
which can result in business administration efficiency costs, order
fulfillment delays and customer dissatisfaction. By providing real-time
credit card authorization and fraud-detection functionality accessible from a
single application interface, the new CyberSource payment cassette for SAP
solutions can help save businesses time and money, while improving the
customer experience.
"We are pleased to add this new cassette to our wide range of payment
integration offerings," said Dave Daetz, Senior Vice President of Corporate
Business Development, Marketing and Product Management for CyberSource. "This
integration demonstrates CyberSource`s continued commitment to align itself
with world-class organizations and provide their customers with a simple means
to take advantage of our high-quality, robust, and scalable electronic payment
solutions for improved order acceptance processes."
The CyberSource payment cassette for SAP solutions, designed for easy
implementation, provides access to CyberSource`s hosted electronic payment
transaction and fraud detection services, as well as comprehensive transaction
reporting.
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 the 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.
Additionally, CyberSource is the only payment transaction provider in the
industry to utilize 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 basic username and password
authentication, which typically consists of only eight characters and can be
compromised by "hackers," 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.
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 ability of the new cassette to help save businesses time and
money, increase business efficiency, and enhance overall customer experience,
(2) the ease with which the cassette can be implemented, (3) compatibility
with difference commerce platforms and interoperability with new standards and
products, (4) general performance qualities of CyberSource products and
services, and, (5) how CyberSource products and services are regarded in the
industry. 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.
SAP, R/3, and all other SAP products and services mentioned herein are
trademarks or registered trademarks of SAP AG in Germany and several other
countries. Other product or service names mentioned herein are the trademarks
of their respective owners.
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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