Endsleigh Selects CyberSource Payment Processing and Security Solutions
CHELTENHAM SPA and READING – January 10, 2011
CyberSource, a Visa company (NYSE: V), today announced it has been selected to provide payment processing and payment security solutions to Endsleigh Insurance Services Ltd.
Founded in 1965, Endsleigh has become one of the UK's leading insurance providers. Endsleigh initially chose to work with CyberSource to address PCI-DSS compliance for its online and call centre transactions. After evaluating CyberSource's eCommerce solutions, Endsleigh outsourced its entire payment management process to CyberSource.
The following solutions were selected by Endsleigh:
- Global Payment Processing – Endsleigh reliably and securely processes multiple payment types through CyberSource's PCI-DSS certified global payment processing network. Multiple payment options are supported.
- Payer Authentication(3D Secure) – One connection to CyberSource provides the online payment guarantees offered by both Verified by Visa and MasterCard SecureCode, helping Endsleigh minimise customer disputes, whilst receiving chargeback protection and relief from fraud liability on qualifying transactions.
- Payment Tokenisation – Customer data is stored in CyberSource's PCI-DSS certified secure data centres. Only a mask of the card account number (a 'token'), is returned to Endsleigh for future transaction-related activities.
Pete Leahy, Head of IT at Endsleigh, said, "We are committed to building lifelong relationships with our customers, and inspiring confidence plays a key role. CyberSource's PCI compliant payment solutions help us to process transactions safely and seamlessly, whilst protecting payment details. This is essential in the insurance industry where consumer trust is absolutely paramount."
Simon Stokes, Managing Director, CyberSource said, "Insurance and financial institutions are prime targets for data thieves, due in part to the sheer volume of sensitive information being stored and transmitted. As a result, we have seen an increasing number of organisations revisit their payment security strategies and reassess their practice of managing sensitive data in-house."
Visa is a trademark of Visa Inc. All other marks are property of their respective owners.
CyberSource, a wholly-owned subsidiary of Visa Inc., is a payment management company. Over 300,000 businesses worldwide use CyberSource and Authorize.Net brand solutions to process online payments, streamline fraud management, and simplify payment security. The company is headquartered in Mountain View, California with international offices in Reading, UK; Singapore; and Tokyo. CyberSource operates in Europe under agreement with Visa Europe. For more information, please visit www.cybersource.co.uk.
About Endsleigh Insurance Services Ltd
Originally founded in 1965 to serve the student market, Endsleigh has since broadened its products and services for graduates and professionals, as well as being the preferred insurance supplier for a variety of trade unions and professional organisations. The company offers a wide range of services including motor, home and travel insurance.
Endsleigh also offers business insurance through Endsleigh Business Insurance Services and financial advice through Endsleigh Financial Independent Tailoring.
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