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Home : Press Room : CyberSource® Upgrades UK Payment Gateway to Support Fraud Detection Initiatives

CyberSource Upgrades UK Payment Gateway

Payment Gateway Support for AVS, Card Verification and ECI Demonstrates Commitment to Reduce the Risk of Credit Card Fraud for Businesses Worldwide

MOUNTAIN VIEW, Calif., May 8, 2002

CyberSource Corporation (Nasdaq: CYBS), a leading provider of electronic payment and risk management solutions for enterprise businesses, today announced that it has upgraded its payment gateway in the UK to fully support a number of industry initiatives designed to reduce fraud in Credit Card Not Present (CNP) sales channels, such as Internet stores, call centers and IVR systems. The upgraded infrastructure now supports the Address Verification Service (AVS), card verification and the Electronic Commerce Indicator (ECI). This move illustrates CyberSource's continued commitment to provide domestic and international businesses the infrastructure necessary to securely and reliably process payments while reducing the risk of fraud.

Neil Cook, managing director, CyberSource UK said, "Through support of these initiatives, along with the advancement of CyberSource's robust risk management products, such as CyberSource's fraud screen product and its Risk Manager platform, CyberSource continues to demonstrate its commitment to help protect businesses worldwide from the burden of CNP fraud. We are confident these new enhancements will provide more value to our payment service customers by helping reduce chargebacks and minimize product loss."

Details of the most recent initiatives supported by the upgraded CyberSource payment gateway in the UK include the following.

• Address Verification Service (AVS) checking for UK bank-issued cards — allows verification of the billing address details provided by the cardholder, with the actual billing address details held on file by the cardholders issuing bank. This real-time check will now be carried out as part of the authorization process facilitated by CyberSource and a response, based on the validity of the provided address, will be returned to the merchant. Although not foolproof, this check will allow merchants to better control fraud exposure through the knowledge that the billing address given by the consumer can be verified as genuine for that card.
  
  
• Card Verification — a system introduced by several card brands to assist the acquiring bank, issuing bank and merchant in validating CNP transactions. The check is based around three or four additional digits, distinct from the account number, that are printed on the front or back side of the card. They do not appear either in the magnetic stripe or chip. These digits help validate the card as genuine and assist in determining that the consumer is actually in possession of the physical card. As a measure to reduce the risk of fraud, merchants can request these card verification digits on their website payment page or verbally as part of a telephone order. This code is now authenticated as part of the standard authorization process facilitated by CyberSource with the card-issuing bank in the UK.
  
  
• Electronic Commerce Indicator (ECI) — an indicator flag for all transactions that are generated via e-commerce. This flag is intended to identify to the banking network all e-commerce transactions, allowing card schemes to properly monitor transaction volumes and the associated fraud risk.
  
  

These enhancements build upon the tremendous value already provided by the CyberSource Payment Service, which includes unparalleled U.S. and international processor support as well as support for over 120 currencies worldwide.

Current CyberSource customers can take advantage of the newly supported initiatives through the same CyberSource Application Programming Interface (API) already installed on their sites, increasing the functionality provided by CyberSource without incurring further implementation or development efforts.

The CyberSource Payment Solution
The CyberSource payment solution, available as an outsourced service or in-house managed software, operates behind-the-scenes to authorize and settle electronic payments through built-in connections (via the domestic and international CyberSource payment gateways) with third-party processors and merchant banks. Developed for large enterprises with demanding needs, CyberSource payment solutions support web, call center, IVR and POS sales environments. CyberSource payment solutions integrate smoothly with major commerce platforms, ERP and CRM systems, and are designed for compatibility and interoperability with new standards and products. Both CyberSource software and outsourced payment service options provide real-time, multiple currency support and integrate seamlessly with CyberSource?isk management solutions, giving businesses a powerful way to protect against losses from fraud.

Further, with the CyberSource Payment Service, enterprise businesses can rely on fast, secure, reliable, electronic payment service, worldwide, without the complexity of maintaining an in-house system.

Additionally, CyberSource is the only payment transaction provider in the industry to utilize a highly secure Public Key Infrastructure (PKI)-based cryptographic security model to authenticate and secure 100 percent of the transactions processed on behalf of its more than 3,000 customers worldwide. Unlike other security solutions, such as basic username and password authentication, which typically consists of only eight characters and can be compromised by "hackers", the CyberSource system utilizes a private key, known only by the merchant, with over 1,024 bits of data to authenticate each transaction, making it virtually impossible to penetrate.

More on CyberSource payment and risk management solutions:

http://www.cybersource.com/solutions/