CyberSource certifies to new American Express Internet data enhanced specification
MOUNTAIN VIEW, Calif., June 8, 2004 -- CyberSource Corporation (NASDAQ: CYBS), by certifying to an enhanced Internet data specification, has enabled its customers to take advantage of new internet fraud screen capabilities at American Express. Goals of the new program--reduced fraud, fewer chargebacks, and less manual intervention by merchants--all aimed at increasing merchant confidence and offering the cardholder a better experience. Merchants utilizing CyberSource`s direct connection to American Express will enjoy the enhanced capability immediately.
"We at CyberSource work constantly to deliver the best in payment and fraud prevention," said Bill McKiernan, CyberSource chairman and CEO. "This new capability is designed to enable more effective eCommerce as merchants screen out more fraudulent orders, confidently take more good orders and reduce their total processing costs."
Merchants who choose CyberSource`s direct connection to American Express have access to a variety of American Express fraud prevention tools, including Automated Address Verification (AAV), which verifies the address on purchaser`s card is the same as the ship-to address, Enhanced AAV (which adds last name validation), and Automated Address Verification Plus (AAV+). AAV+ verifies the ship-to information is appropriate and offers the merchant a guarantee against chargeback.
About CyberSource
CyberSource Corporation is a leading provider of electronic payment and risk management solutions. CyberSource solutions enable electronic payment processing for Web, call center/IVR, and POS environments and manage transaction risk associated with card-not-present transactions. CyberSource Professional Services designs, integrates, and optimizes enterprise-wide commerce transaction systems. Approximately 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 offices 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.
Editorial Contacts:
Bruce Frymire
CyberSource Corporation
650.965.6042
bfrymire@cybersource.com
© 2004 CyberSource Corporation. All rights reserved. CyberSource is a registered trademark in the U.S. and other countries. CyberSource eCommerce Transaction Suite is a service mark of CyberSource Corporation. All other brands and product names are trademarks or registered trademarks of their respective companies.
Back...
