Fast-growing Webjet Brings in CyberSource to Fight Online Fraud
MELBOURNE, AUSTRALIA, and SINGAPORE — May 17, 2010
CYBS Singapore Pte. Ltd., a wholly-owned subsidiary of CyberSource Corporation (NASDAQ: CYBS), today announced that CyberSource's Decision Manager anti-fraud solution has been selected by Melbourne-based, award winning online travel agency Webjet Ltd.
"We chose CyberSource because of their global experience in the travel industry," said Richard Noon, Webjet's CEO. "This, coupled with their professional approach and comprehensive solution, helped make our decision very easy. We expect CyberSource Decision Manager to help us deliver the best possible service to our customers."
CyberSource's Decision Manager can access over 200 validation tests and services to automatically review Webjet's incoming online bookings. Decision Manager users can evaluate transactions from a number of perspectives, including single merchant purchase history, multi-merchant purchase history, device tracing, and global validation checks such as telephone number structure in over 100 countries. Using business rules set by Webjet's managers, Decision Manager returns a recommendation to accept, reject or hold the order for review—all in a matter of seconds.
Webjet offers tickets and services for flights, car rentals, hotels and travel insurance. "We currently operate in Australia, New Zealand and have just opened in the USA," added Noon. "As we expand, each country introduces its own particular fraud challenges, and we want to get the necessary infrastructure in place well ahead of any expansion."
Tim Sparrow, Head of Business Development, Asia at CyberSource, said, "Webjet needed an effective fraud strategy that could scale to meet its growth targets. We are glad to be part of Webjet's eCommerce environment and look forward to supporting the growth of their online business. The work we are doing with Webjet furthers our presence in the Australasian marketplace and in the global travel sector, both of which are focus areas for CyberSource."
About CYBS Singapore Pte. Ltd.
CYBS Singapore Pte. Ltd. is a wholly-owned subsidiary of CyberSource Corporation (NASDAQ: CYBS). CyberSource solutions enable electronic payment processing for web, call centre, and POS environments. CyberSource also offers industry leading risk management and payment security solutions for merchants accepting card-not-present transactions. CyberSource Professional Services designs, integrates, and optimises commerce transaction processing systems. Approximately 305,000 businesses use CyberSource solutions, including half the companies comprising the Dow Jones Industrial Average. The company is headquartered in Mountain View, California, and has sales and service offices in Japan, Singapore, the United Kingdom, and other locations in the United States including Bellevue, Washington and American Fork, Utah. For more information on CyberSource please visit www.cybersource.asia or email email@example.com.
Webjet Limited (ASX: WEB) is an Australian company that operates as an electronic manager and marketer of travel utilizing the Internet. According to the Hitwise internet ratings service Webjet is the number one ranked Australian Online Travel Agency Website and number two in New Zealand. Webjet has grown sales turnover from $20M in 2004 to $390M in 2009. The company is headquartered in Melbourne, Australia. For more information on Webjet please visit www.webjet.com.au.
Danielle Cook, Noiseworks
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