Increases Payment Security Protection for Merchants and Consumers



MOUNTAIN VIEW, Calif.- October 19, 2009 - PIN Payments News Blog - CyberSource Corporation [NASDAQ: CYBS] today announced the incorporation of automated account updating services into its suite of Enterprise Payment Security 2.0 solutions. 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.



With tokenization, when payment transactions are sent to CyberSource for processing, CyberSource, not the merchant, stores the raw payment data in its secure systems and assigns each transaction a string of characters, a "payment token." Payment tokens enable merchants to use transaction information for tasks such as recurring billing, issuing credits, all without exposing the actual data of the transaction. Finally, tokenization does not involve storing or keeping track of monetary values of cards. The form of the tokens and their functions render them useless to hackers or even to merchant employees who might wish to make illegal use of customer data.



"The point of integrating tokenization with account updating is to simultaneously increase the accuracy of customer billing data and decrease the need for employees to handle that data," said Kirsten Fry-Sanchez, Vice President, Product Management. "Customer card information will be kept current and less likely to fail. Payment information remains tokenized, protecting the integrity of transaction data." This advance builds on CyberSource's growing suite of payment security solutions designed to eliminate payment data exposure in merchant environments per Enterprise Payment Security 2.0 principles. No other payment service provider has integrated account updating services with payment tokenization/remote secure storage solutions.



More on Enterprise Payment Security 2.0

The design principles of Enterprise Payment Security 2.0 call for merchants to eliminate payment data exposure at three points of interaction: storage, capture/transmission, and back office administration. CyberSource helps merchants achieve this with a suite of solutions that includes payment tokenization and remote storage of payment data, hosted payment acceptance for data capture, and outsourced services to cover back office functions that require manual processing. Together, these solutions can lower merchants' payment security risk, while also reducing the scope, cost and complexity of payment security compliance. For more information see: http://www.cybersource.com/products_and_services/payment_security/



More on CyberSource Account Updater

Account Updater automatically updates merchants' customer payment data records stored on CyberSource remote secure storage servers via automatic feeds from the card brands. Since the payment data is kept current, merchants process both recurring and on-demand transactions with fewer authorization failures. The updates are automatically applied to stored data, thereby eliminating any need for contact with merchants' staff or systems. "We've offered Payment Tokenization with Remote Secure Storage since 2006," Fry-Sanchez continued. "We have established a strong customer base over those three years and learned a great deal in the process. CyberSource Account Updater is another important tool we're introducing to help customers reduce payment data exposure and enhance revenue capture by reducing the likelihood of order failure."



Availability

CyberSource Account Updater is available now for customers using CyberSource's integrated merchant account services, with support for additional configurations to follow. About CyberSource

CyberSource solutions enable electronic payment processing for Web, call center, and POS environments. CyberSource also offers industry-leading risk management solutions for merchants accepting card-not-present transactions. CyberSource Professional Services designs, integrates, and optimizes commerce transaction processing systems. Approximately 273,000 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, 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.com or email info@cybersource.com. For more information on Authorize.Net small business solutions, please visit www.authorize.net or email sales@authorize.net.



Editorial Contact:

Bruce Frymire

CyberSource Corporation

650.965.6042

bfrymire@cybersource.com


Source: Company Press Release



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