CyberSource empowers Boutique.ru to offer secure and mobile optimised online payment solution

CyberSource’s hosted payment service ensures that sensitive card data never touches Boutique systems—builds consumer confidence, helps protect Boutique brand and lower cost of PCI compliance. Boutique.ru customers will enjoy the convenience of paying online with highest level of security using traditional website or mobile phones.

Russia, 15 May 2013 -

CyberSource, a Visa company (NYSE: V), and one of the world's largest providers of eCommerce payment management services, today announced that Boutique.ru, a leading online luxury fashion retailer in Russia, has selected CyberSource to enable a secure and unified shopping experience for Boutique.ru customers, regardless of the eChannel they select to make their purchase.

CyberSource’s solution for web and mobile initiated transactions automatically detects a customer’s device type, operating system and location. Whether shopping on a laptop, tablet or smartphone, the cloud-based solution presents an elegant, personalised and secure shopping environment for Boutique.ru customers. The hosted solution also helps reduce the cost and complexity involved in maintaining PCI DSS (Payment Card Industry Data Security Standard) certification for Boutique.ru by shortening audit and verification procedures.

Mr. Dennis Beloff, CEO at Boutique.ru commented, “Our business is rapidly expanding with more and more customers opting to pay by credit card. Spread across Russia, our clients continually tell us that security is of primary importance when paying this way, therefore Boutique.ru needed a scalable payment solution that could be integrated with ease, minimize downtime and offer world class security. CyberSource’s deep understanding of the ecommerce landscape, shared commitment to helping us grow our business and continued investment in technology made them the obvious choice.”

About CyberSource

CyberSource, a wholly-owned subsidiary of Visa Inc., is a payment management company. Over 400,000 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 Foster City, CA and maintains offices throughout the world, with regional headquarters in Singapore, Tokyo, Miami, Sao Paulo and Reading, U.K. CyberSource operates in Europe under agreement with Visa Europe. For more information, please visit www.cybersource.com

About Boutique.ru

Boutique.ru is one of the top five largest online fashion retailers in Russia. The company has been a fashion ecommerce pioneer in Russia since 2006, now retailing a portfolio of more than 100,000 SKUs from over 800 leading international apparel, footwear and accessories brands. With offices in Moscow and St Petersburg, and supported by 300 employees, Boutique.ru operates on a B2C and B2B basis, serving customers from 500 cities across Russia and CIS. Boutique.ru is part of the Machiavelli Fashion Group, an acknowledged leader in fashion retailing since 1997. For further information please visit www.machiavelli.ru

Media Contacts:

For CyberSource
Sunayana Kripalani
Mob.: +971 44 37 23 20
Email: sukripal@cybersource.com

For Boutique.ru
Alexander Tovey
Mob.: +44 (75) 25819004
Email: at@b1.ru

Global Corporate Relations:

Elvira Swanson
globalmedia@visa.com