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Welcome to the News View for "CyberSource".

Here, on these archive pages, you'll find all of the articles on Payments News for CyberSource listed in date sequence beginning with the most recent article at the top of the page.

Click here for a complete listing of what's available in the Payments News Archive - organized by both posting date and subject category.

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October 20, 2015

Headline News from - October 20, 2015

On the Web

  • Remote Order and Pay - Medium (Scott Loftesness) - "Way back in the early 2000’s I was a board member of Ontain — a startup focused on remote order and pay."

On the Wires

  • Chase Doubles Up on Rewards: Marriott Rewards and United MileagePlus Credit Cards from Chase Join Forces for the First Time - "Between November 1 and November 30, 2015, Marriott Rewards Premier cardholders will earn double points on purchases with United® and eligible United MileagePlus Explorer, Club and Presidential Plus cardholders will earn double miles on purchases at Marriott® properties."
  • Fifth Third Bank Launching New Mobile App for Commercial Cards - “Fifth Third’s commercial card mobile app can improve the ease in which our commercial card clients and their employees conduct business, allowing them to focus more effort and time on driving results to their bottom line.”
  • Early Warning Introduces the Authentify Platform - “The Authentify Platform addresses the multi-dimensional challenge of payments’ risk. It brings together multiple modes of authentication – all sitting on top of a bank consortium model that is powered by shared intelligence – to simplify risk-managed authentication while strengthening accuracy and speed to optimize the consumer experience."
  • NAFCU: EMV Chip-Card Transition Is Not Silver Bullet, Cybersecurity and Consumer Protection Require Multi-Tiered Approach - "Specifically, NAFCU supports Sens. Tom Carper, D-Del., and Roy Blunt, R-Mo., bipartisan measure, S. 961, the “Data Security Act of 2015,” and the companion House bill introduced by Rep. Randy Neugebauer, R-Texas, and Rep. John Carney, D-Del., H.R. 2205, which would set a national data security standard for retailers akin to GLBA while acknowledging financial institutions’ existing adherence to GLBA standards."
  • CyberSource Brings Real-Time Fraud Analytics to Merchants - “Merchants create rules and parameters in their fraud management systems that determine whether a transaction is accepted or denied, based on risk levels,” said Andre Machicao, senior vice president, CyberSource, a Visa Inc. company. “In some cases, the parameters they set might be overly cautious, causing them to lose legitimate, safe business unnecessarily. CyberSource’s new capability allows merchants to back test prior transactions to see what would have happened if they had set different rules.”
  • Seamless Distribution AB: New SEQR Service: International Remittance and Payments – Offering Money Transfers between Countries Free of Charge - “Demand for international transfers is constantly growing as people’s lives become increasingly global. But established payment agencies charge high fees, making money transfers expensive. SEQR can offer a highly competitive and simple alternative - something we’re convinced many people will appreciate,” says Peter Fredell, CEO of Seamless. “This service is an important part of our international expansion.”
  • Discover Financial Services Joins Banking Industry Architecture Network - "Discover Financial Services recently joined the Banking Industry Architecture Network, a not-for-profit industry standards association, to leverage a banking-industry-specific framework and standard messaging to speed the delivery of new products and services."

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Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here:!

March 13, 2015

Headline News from - March 13, 2015

On the Web:

On the Wires:

Glenbrook's 2015 Payments Education Update!

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here:!

March 03, 2015

Headline News from - March 3, 2015

On the Web:

On the Wires:

  • Visa, Pizza Hut and Accenture Develop Connected Car Commerce Experience - “By 2020 it is estimated that more than 250 million vehicles worldwide will include some form of embedded connectivity1,” says Bill Gajda, senior vice president of Innovation and Strategic Partnerships, Visa Inc. “As the number of connected cars on the road increases, so does our ability to bring secure online commerce to consumers everywhere. We initially focused on a specific use case – ordering a meal on your way home – but we envision a world where consumers can seamlessly make many of their everyday purchases from the car.”
  • MasterCard and eTranzact Make it Easier for Millions of Nigerians to Receive Remittances - “For millions of Nigerians, the receipt of funds from friends and family is an important lifeline. HomeSend provides senders across the globe and the recipients in Nigeria with a convenient, safe, and cost effective money transfer channel,” says Omokehinde Ojomuyide, Vice President and Area Business Head for West Africa, MasterCard.
  • Elavon's Simplify Application Makes Payment Security for Mid-to-Large Size Businesses Simple - "Simplify is a software application that resides within a payment terminal that is integrated with a customer’s current POS or Property Management System (PMS). The application uses a layered approach to security that combines encryption, tokenization and EMV to mitigate vulnerabilities while cardholder data is in-transit, in-use and at-rest."
  • Stratos Launches First-To-Market Connected Payment Card, Shipping April 2015 - “Stratos exists to empower consumers to make smarter, more secure payment decisions – all with the benefit of consolidating the cards in their wallets,” said Thiago Olson, Co-Founder and CEO of Stratos. “Replacing the dumb plastic we carry every day, Stratos Card is connected hardware designed to improve how we pay with more security, better decisions and ease of use. Stratos is reinventing your wallet and cards just like the iPod and iTunes reinvented your CD collection.”

Glenbrook's 2015 Payments Education Schedule Now Available!

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here:!

June 18, 2014

Headline News from - June 18, 2014

On the Web:

On the Wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here:!

June 11, 2013

Headline News from - June 11, 2013

On the web:

On the wires:

Upcoming from Glenbrook:

  • Summer Camp! - A special summer session of our popular Payments Boot Camp - in Half Moon Bay on August 6th and 7th... Also, an optional half day course on Data In Payments - August 8th, also in Half Moon Bay. Join Carol, Scott and Russ for lively, interactive sessions - register now!
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Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Find something interesting to share? Tell us about it:!

March 26, 2013

CyberSource 2013 Online Fraud Report

Cybersource logo 140x60px CyberSource has announced results of its 14th annual survey of eCommerce fraud based on an independent survey of hundreds of online merchants.
In 2012, companies reported losing an average of 0.9% of total online revenue to fraud, similar to 2010 levels. Using 2012 industry market projections on eCommerce sales in North America, we estimate that total revenue loss translates to approximately $3.5 billion. Because the size of the overall market has grown, the revenue loss equates to $100,000,000 more versus 2011.

A full copy of the report can be requested here.

September 06, 2012

June 27, 2012

January 24, 2012

CyberSource 2012 Online Fraud Report

Cybersource logo 140x60pxCyberSource has announced results of its 13th annual survey of eCommerce fraud based on an independent survey of hundreds of online merchants.
The overall picture: merchants are making gains against fraud but the battle continues. The fraud rate by order (the percentage of orders that turned out to be fraudulent) dropped from 0.9% in 2010 to 0.6% in 2011—the lowest in the 13 year history of the survey. But the cost of combatting fraud continues to grow. Dollar losses were up, manual review continued to climb, and merchants reiterated their concern that fraud is becoming more difficult to detect. 27% of respondents said they are engaged in mobile commerce and initial indicators regarding fraud in that channel are promising.

To obtain a copy of the survey results please visit

December 21, 2011

October 04, 2011

Headline News - October 4, 2011

On the web:

On the wires:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated.

July 25, 2011

Survey Says "Brand Protection" Drives Payment Security Investments

Survey graphic 140px"Findings from a new survey of eCommerce merchants released today by CyberSource and Trustwave show that nearly 70% of respondents cited the need to 'protect the brand' as the primary driver for tightening controls against hackers and other payment security risks." Only 26% said avoiding PCI compliance fines were the key motivator.

May 18, 2011

CyberSource Airline Online Fraud Report - 2011 Edition

CyberSource logo 140pxCyberSource has released survey findings that "show that while airlines are gaining in their war against fraud, much work remains to be done. Airlines reported a loss of about $1.4 billion USD to online payment fraud in 2010."
Dr. Akif Khan, CyberSource's Director, Products and Services said: "The good news is that in terms of fraud loss rates, 2010 results showed a 31 percent improvement over 2008. Clearly, airlines have not only recognized the challenge but have made timely adjustments to it."

March 24, 2011

March 22, 2011

CyberSource Brings Visa's Fraud Detection Radar to Online Merchants

CyberSource logo 140pxCyberSource, a Visa company, has announced availability of "the world's largest real-time fraud detection radar, empowering online merchants to pinpoint fraud faster, more accurately, and with less manual intervention. This advance enables merchants to conduct more accurate analyses of their inbound orders, including comparison of those orders to the over 60 billion transactions Visa and CyberSource process annually, including orders that were confirmed to be fraudulent."

January 19, 2011

CyberSource Surveys of eCommerce Fraud Show Mixed Picture

CyberSource_logo-140px.jpgCyberSource has announced the results of its annual surveys of eCommerce fraud in North America and the U.K.
In the U.S. and Canada, online merchants say their 2010 fraud rate remained at 0.9% for the second straight year. U.K. merchants, on the other hand, say their fraud rate rose from 1.6% in 2009 to an average of 1.9% in 2010—twice the rate seen by U.S./Canadian merchants. CyberSource experts point to a number of likely causes for this development in the U.K., ranging from the greater incidence of cross-border eCommerce within the European region to “fraud migration” in which fraudsters, facing stiff challenges in one location, simply direct their efforts elsewhere, including the U.K.
In related news, the CPP Group has released their Card Fraud Index for the UK saying that card fraud affects a quarter of the adult population.

January 12, 2011

NetSuite Unveils Deep Integration With CyberSource to Combat Cyber Fraud

netsuite_logo_140px.pngNetSuite and and CyberSource have announced "completion of a product integration that will enable companies running on NetSuite to gain seamless access to the CyberSource Decision Manager fraud management solution. The result: a completely integrated cloud-based order management process – from web store, to order submission, fraud screening and payments, through to fulfillment and invoicing."

October 25, 2010

Visa Opens World’s Leading Payments Network to Independent Developers

visa_logo-140px.jpgVisa has announced a number of enhancements to the Authorize.Net Developer Center, a resource that enables "independent developers to create applications supporting electronic payments and related services for major payment networks including VisaNet." The Developer Center builds on Authorize.Net’s existing platform, which Visa acquired as part of the purchase of CyberSource earlier this year.

Besides an improved developer program, what's new here is a PCI-friendly card acceptance technique called the Direct Post Method. "Because customer billing data posts directly to Authorize.Net without touching the merchant server, the merchant can retain control over the receipting experience without incurring PCI DSS overhead."

April 21, 2010

More on Visa Acquisition of CyberSource

A webcast is underway regarding this morning's announcement of Visa acquiring CyberSource. Accompanying the webcast is a presentation, an FAQ, and a Fact Sheet.

Separately, in an SEC 8-K filing this morning, Visa included as an exhibit the Agreement and Plan of Merger document.

Visa to Acquire CyberSource to Accelerate eCommerce Growth

Visa and CyberSource have announced entering into a definitive agreement for Visa to purchase CyberSource, a provider of electronic payment, risk management and payment security solutions to online merchants at a price of $26.00 per share - for a total consideration of approximately $2.0 billion to be paid with cash on hand. READ MORE »

March 09, 2010

Merchant Risk Council's Annual Merchant Fraud Survey

The Merchant Risk Council (MRC), a merchant-led trade association focused on electronic commerce risk and payment strategies, has announced the results of its Annual Merchant Fraud Survey, sponsored by CyberSource Corporation. According to the MRC, "this year’s survey again confirms that MRC Platinum Members are best in class at reducing revenue losses due to cyber theft, while also leading the way in reviewer productivity for both domestic and international orders." READ MORE »

February 22, 2010

A Look at Global eCommerce and Declining Fraud Rates

CyberSource reports that its 11th annual Online Fraud Report shows that among U.S./Canadian merchants accepting international orders, 21% of their online orders came from abroad, up from 17% the year before and 8% in 2005. According to the company, "this steady growth is supported by dramatic progress in meeting the increased fraud challenge of international orders, with 50% lower fraud rates and 30% lower order rejection rates." READ MORE »

January 21, 2010

Javelin Study: End-to-End Encryption, Tokenization, and EMV in the US

Javelin has announced a new report titled "End-to-End Encryption, Tokenization, and EMV in the US: Vendor Analysis of Emerging Technologies and Best Hybrid Solutions" that "assesses the capabilities of end-to-end encryption, tokenization, virtual terminals, magnetic-stripe security and the EMV standard as solutions to combat payment-related data breaches." READ MORE »

November 17, 2009

CyberSource 2009 eCommerce Fraud Survey Shows Decline in Merchant Losses

CyberSource has announced the results of its latest annual survey of eCommerce fraud finding that "merchants in 2009 were fighting back against fraud, and seeing considerable evidence of success. U.S. and Canadian merchants expect to lose about $3.3 billion to eCommerce fraud this year, down from $4 billion last year. This is the first drop in estimated revenues lost since 2003. The percentage of revenue merchants predict they will lose in 2009, on average, is 1.2%, the lowest estimate in the 11-year history of the survey." READ MORE »

October 22, 2009

CyberSource Names Michael Walsh as President and CEO

As part of its third quarter earnings announcement earlier today, CyberSource announced that, effective January 1, 2010, its Board of Directors has promoted Michael Walsh to President & Chief Executive Officer of CyberSource. Walsh has been with CyberSource for over ten years and has served as Senior Vice President of Worldwide Sales for the last five years. CyberSource's founder, current Chairman and CEO Bill McKiernan will continue in the role of Executive Chairman.

October 19, 2009

CyberSource Payment Tokenization Adds Automated Account Updating

CyberSource has announced the incorporation of automated account updating services into its Enterprise Payment Security 2.0 solutions. According to the company, "customer billing records tokenized in CyberSource's remote secure storage servers can now be automatically updated with new account information (such as bank card expiration data or replacement card number) via the CyberSource Account Updater Service." READ MORE »

July 16, 2009

CyberSource Adds Debenhams Direct in UK

CyberSource_logo-140px.jpgCyberSource has announced that it is working with Debenhams Direct to provide secure processing and management of its online transactions. Debenhams Direct is the eCommerce arm of one of the leading retail groups in the U.K. and Ireland and processes over 2,500 orders on an average day. READ MORE »

April 28, 2009

CyberSource Online Fraud Report on Airlines Now Available

CyberSource has announced the availability of its Airline Online Fraud Report, a study of the impact of online fraud on the airline industry. CyberSource commissioned the study in association with Airline Information LLC. It can be downloaded at: READ MORE »

April 22, 2009

Authorize.Net Introduces New Fraud Prevention Capabilities

CyberSource has announced that its Authorize.Net small business solution will be releasing a new Advanced Fraud Detection Suite (AFDS) - calling it "a robust, rules-based fraud detection system that allows online merchants to identify and handle suspicious transactions using multiple filters, tools and custom settings." READ MORE »
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