Banorte and CyberSource Partner to Promote Secure eCommerce in Mexico

Mexico, D. F., July 31st, 2013 —

Grupo Financiero Banorte partners with CyberSource, the multinational leader in payment management to foster secure eCommerce in Mexico. Merchants affiliated to Banorte will have the possibility to make the most from CyberSource platform, “Decision Manager” that includes the world’s largest fraud detection radar, easing their sustainable growth and an increase in their operative margins.

Global tendency to shop online is promising in our country. That’s why we have defined a model that lets us offer our clients cutting-edge technology. We have decided to invest time and resources to become the first bank to be 100% integrated with CyberSource Decision Manager. Today this is a reality. With this partnership, we will boost our client’s online sales more securely” said Héctor Abrego, Deputy General Director of Alternate Channels of Grupo Financiero Banorte.

“This solution will be available as from September 3rd, and it is very simple to hire it. Technological integration is made directly with Banorte through a process that may take a week”, added Banorte executive.

“At CyberSource, we are always striving to help merchants innovate and grow in a more secure way, generating more income through different channels. This partnership with Banorte means a contribution to the evolution of eCommerce in Mexico, one of the world’s fastest-growing markets” said Guillermo Rospigliosi, CyberSource Managing Director for Latin America.

What is CyberSource Decision Manager?

Decision Manager is CyberSource fraud management platform that helps online merchants make more accurate decisions about which transactions they should accept or reject. Decision Manager includes the world’s largest fraud detection radar, which allows merchants to test, correlate and compare the transactions they receive with more than 60 billion transactions that Visa and CyberSource process annually. Now, online merchants in Mexico can anticipate and make a quick decision when they receive a suspicious order.

How does CyberSource online fraud prevention management tool work?

Each transaction received by CyberSource is tested with more than 260 different variables and, depending on the results, merchants are advised to accept, reject or submit the order to further review. All this happens in less than two seconds and is completely transparent for the buyer. Apart from reducing the number of transactions needing manual review, Decision Manager helps identify fraudulent transactions and a higher conversion of online sales.

For more information about CyberSource Decision Manager, please visit: http://www.cybersource.com/es-LAC/

About CyberSource

CyberSource is a payment and fraud management company. Over 400,000 companies around the globe use CyberSource and Authorize.Net solutions to process online payments, streamline fraud management, and simplify payment security. The company is headquartered in San Francisco, with international offices as regional headquarters in Mexico DF/Miami/Sao Paulo (Latin America and the Caribbean), Singapore (Pacific Asia); Tokio (Japan) and Reading, United Kingdom (Europe/Middle East /Africa). CyberSource operates under contract terms with Visa Europe. If you want more information, please visit: www.cybersource.com.

Corporate Relations Contacts:

Rocío García
Visa México
53874134
rgarcia@visa.com

Global Corporate Relations:

Aida Hadzibegovic
650-432-2990
globalmedia@visa.com