CyberSource and Trustwave have announced a partnership to provide payment security solutions to Trustwave and CyberSource merchants in the United States and Europe. The solutions "will help merchants streamline compliance validation with the Payment Card Industry Data Security Standard (PCI DSS), providing a complete set of payment security services for merchants."   » Continue Reading

CyberSource has published a new "Insider's Guide to ePayment Management" that "details 30 ePayment management tactics leading online merchants are using to improve business results."   » Continue Reading

CyberSource and China-based PayEase Technology Ltd. have announced a collaboration to facilitate merchants’ entry into the China market. With the PayEase/CyberSource solution, merchants gain support for both Chinese credit cards as well as debit cards from over 20 key banks.   » Continue Reading

CyberSource has announced that its Authorize.Net small business solution has launched Simple Checkout allowing online merchants to create easy-to-implement 'Buy Now' and 'Donate' buttons. 'Simple Checkout was designed specifically for organizations that rely on donations and specialty merchants that typically sell one item per order.'   » Continue Reading

CyberSource and mPoria have announced a strategic channel partnership in which CyberSource will offer mPoria's GoMobile! m-commerce technology to its network of online merchants. 'GoMobile! enables merchants to quickly and cost-effectively build and launch a mobile shopping site, giving retailers access to more than 250 million wireless subscribers nationwide.'   » Continue Reading

CyberSource has release the results of its ninth annual CyberSource Corporation survey of eCommerce fraud - concluding that" U.S. merchants are succeeding in holding the fraud rate stable, but they are expending considerably more resources in the effort. Merchants estimate that 1.4% of their online sales will line the pockets of fraudsters this year-identical to last year-but much higher volumes spent in U.S. eCommerce means the dollar losses are approximately 20% higher The result: criminals will unlawfully carry off $3.6 billion in goods and services this year-up from $3.1 billion in 2006."   » Continue Reading

CyberSource has announced that Jet Airways is the first airline in India to implement an automated online risk management solution. CyberSource is providing its Decision Manager solution to Jet Airways to help streamline online risk management processes and reduce fraud.   » Continue Reading

BidPay has announced it is reducing the fees it charges online merchants and auction sellers and streamlining the purchase process when BidPay is used. On a $50 purchase, fees paid by merchants on domestic US payments will be reduced from $1.75 to $1.345 - a 23% reduction.   » Continue Reading

CyberSource and Authorize.Net have announced the signing of a definitive agreement for CyberSource to acquire Authorize.Net in a stock and cash transaction valued at approximately $565 million - about a 20 percent premium over the market value of Authorize.Net at the market close last Friday.   » Continue Reading

Accretive Commerce, a business process outsourcer of direct-to-customer commerce services, has announced a strategic alliance with CyberSource to offer CyberSource's payment management services - enabling online credit card, debit card, eCheck, PayPal, and Bill Me Later transactions - to Accretive Commerce's clients.   » Continue Reading

CyberSource has announced enhanced "global payment capabilities, expanding the international payment reach of its eCommerce merchants and simultaneously adding anti-fraud and security measures." According to the company, a single connection with CyberSource now provides access to payment processing services for cards, direct debits, and bank transfers in over 190 countries - including new fraud screening capabilities to manage online payment risk across different international markets and secure payment data storage allowing merchants to transact globally without storing sensitive payment data on their networks.   » Continue Reading

The Merchant Risk Council has announced the results of its annual merchant fraud survey. According to the MRC, "this year’s survey was sponsored by CyberSource Corporation as part of its broader annual survey of online fraud. The combined results show MRC Platinum merchants setting the pace for the eCommerce industry in controlling fraud and protecting valid customer orders. The Platinum merchants are 110 of the largest online sellers in the U.S. who share fraud trends and best practices through MRC committees and conferences."   » Continue Reading

Jeffrey Grau writes for eMarketer.com about CyberSource's recent survey of online ecommerce fraud that estimated ecommerce merchants in the US and Canada will lose $3.0 billion to online payment fraud in 2006, representing 1.4% of total online sales.

Despite the proliferation of high speed Internet among U.S. homes, most eCommerce shopping happens during work hours, according to CyberSource.   » Continue Reading

CyberSource has announced that it has predicted that December 18th will be the biggest online shopping day of 2006. The estimate is based on the company's analysis of six years of historical transaction volumes and the number of shipping days remaining before December 25th.   » Continue Reading

CyberSource has announced the results of its 8th Annual CyberSource Survey of eCommerce fraud - reporting that U.S. merchants will lose as much as $3 billion in eCommerce revenue to fraud in 2006, up from $2.8 billion last year. As a percent of revenue, fraud losses will be slightly less this year-merchants expect to lose 1.4% of revenue, down from 1.6% the year before, and 1.8% in 2004.   » Continue Reading

CyberSource is currently recruiting for a Market Manager, Enterprise Markets, and for a Channel Marketing Manager.   » Continue Reading

CyberSource and BidPay.com, Inc. have announced the re-launch of the popular BidPay auction payment service. Acquired by CyberSource in March 2006, BidPay "now returns with a number of competitive innovations including seller protection and the ability for sellers to accept payments from buyers around the world."   » Continue Reading

CyberSource has announced the launch of a new service enabling eCommerce merchants to process electronic payments without the risk of storing or even handling sensitive account information. With CyberSource's Payment Data Management, CyberSource, not the merchant, manages sensitive customer information such as credit card numbers and related transaction data. CyberSource handles and stores all payment data on behalf of the merchant in security-certified processing centers that connect directly with the banking network. As a result, consumer payment information is safer, merchant risk decreases, and merchant compliance with card association security rules can become simpler and faster.   » Continue Reading

CyberSource has announced two senior management appointments: Scott Cruickshank as president and chief operating officer and David Hansen as president of BidPay.com, Inc., a wholly-owned subsidiary acquired by CyberSource on March 7, 2006.   » Continue Reading

CyberSource has announced that it has acquired BidPay.com, Inc. from First Data Corporation. In exchange for $1.8 million in cash, CyberSource acquired proprietary technology, databases, and certain intellectual property rights, including exclusive rights to the BidPay.com brand.   » Continue Reading

For the second time in as many years, eCommerce merchants named New York City as the riskiest North American metro area for eCommerce.   » Continue Reading

CyberSource has announced the results of its 7th annual CyberSource Fraud Survey. Among the survey's findings, the estimate for ecommerce fraud losses increased to more than $2.8 billion for 2005, an 8% increase over the year before. Although the overall rate of fraud loss remained relatively constant at 1.6% of revenue, mid-to-large merchants selling $5-$25 million annually online reported fraud losses increasing from 1.5% to 1.8% of revenue while those selling over $25 million reported losses increasing from 1.1% to 1.2% of revenue.

"Merchants used to be able to just throw people at this problem," said Doug Schwegman, director of market and customer intelligence for CyberSource. "But there's an inherent limitation to that solution. What merchants need today is greater efficiency, greater intelligence, even technology breakthroughs. The bad guys have put the larger merchants in a challenging situation."

Erica Sagon reports for the Arizona Republic on the pending acquisition of CardSystems by CyberSource.

CyberSource this morning announced it has signed a non-binding letter of intent to acquire the assets of CardSystems Solutions.

"We are excited about this acquisition," said Bill McKiernan, chairman and CEO of CyberSource. "It will mean a strategic expansion of CyberSource's payment platform, and allow current CardSystems customers and partners to continue processing without interruption. The addition of the CardSystems technology extends CyberSource's capability to offer innovative, end-to-end payment solutions to its customers."

Eric Dash reports for the New York Times on rumors that CyberSource is close to submitting a letter of intent to buy CardSystems.

CyberSource has announced new anti-fraud capabilities for its Decision Manager system.   » Continue Reading

Retail Decisions (ReD) has announced that the US Patent and Trademark Office has stated that it will re-examine the granting of US patent 6,029,154 that is the subject of an infringement claim by CyberSource against Retail Decisions.

The USPTO’s decision is in response to a re-examination request submitted by ReD, following the discovery (by ReD) of “prior art” that pre-dates the Cybersource patent.

US Patent 6,029,154, titled "Method and system for detecting fraud in a credit card transaction over the internet", was filed by inventor John Pettitt on July 28, 1997 and issued on February 22, 2000.

CyberSource has announced that Overstock.com has extended its processing relationship including adding Bill Me Later acceptance.   » Continue Reading

CyberSource announced today that it has filed a patent infringement lawsuit against Retail Decisions alleging that Retail Decisions' eBitGuard product uses technology covered by CyberSource's US Patent No. 6,029,154, "Method and System for Detecting Fraud in a Credit Card Transaction Over the Internet".

CyberSource and I4 Commerce have announced they're partnering to make it easier for merchants to implement I4 Commerce's Bill Me Later payment service.   » Continue Reading

CyberSource has released the results of a recent study it performed that concludes that merchants can convert as many as 20% more customers by offering them more payment types to choose from.

Those merchants offering one payment type, such as general purpose credit cards, for example, convert 60% of their shoppers. Those offering four types, e.g., credit cards, gift certificates, eChecks, PayPal, etc., convert 72% of their shoppers -- a 20% increase.

The survey results are incorporated into a new industry whitepaper from CyberSource, "The Insider's Guide to eCommerce Payment".

CyberSource has announced that it has certified its systems to a new enhanced Internet data specification, enabling its merchant customers to take advantage of new internet fraud screen capabilities provided by American Express.   » Continue Reading

CyberSource has announced support for the use of ATM cards for online payments without PIN's within certain specific acceptance categories.   » Continue Reading

CyberSource has announced that it has enhanced its small business offering by bundling in additional risk management tools.

Payment processor CyberSource today reported a profitable Q4 which exceeded prior guidance.

"The fourth quarter is powerful testimony to the CyberSource value proposition," said Bill McKiernan, the company's chairman and CEO. "We saw strong growth in revenue, excellent margins, and most importantly, the company's first quarter of profitability. The dollar volume of our credit card authorizations was a record $5.4 billion. This was a very strong quarter for the company and highlights the solid momentum we have going into 2004."

CyberSource announced today that it is introducing PayPal as a payment option for its merchant customers.

"By working with CyberSource, businesses can now seamlessly integrate PayPal into their online storefronts," said Todd Pearson, managing director of PayPal's Merchant Services. "With this integration, merchants can offer a plug-and-play eCommerce solution that can immediately drive incremental revenue from the large community of buyers who prefer to make their purchases online using PayPal."

CyberSource announced today "the availability of the first payment solution based on web services architecture, including payment-grade transaction security."

CyberSource is the first payment services provider to offer the full spectrum of web services compliant clients. These clients support the SOAP communications protocol, XML document format, and WS Security data signature specifications to provide the level of security required for payment transactions. With CyberSource support of Web Services standards, including transaction security, developers can more quickly implement payment functionality. By accessing the CyberSource Web Services Development Language from a CyberSource or a UDDI resource, developers will be able to enable payment functionality via most major toolkits that support SOAP, such as Microsoft's Visual Studio.net, Apache Project's Axis, and any of the IBM developer kits, such as Emerging Technologies Toolkit.