CyberSource

What is Cybersource and what do they do?

Cybersource is a global payment management platform founded in 1994, and it is a subsidiary of Visa Inc. The company provides a range of payment processing services designed to facilitate various payment transactions securely. Its core offering includes payment processing, fraud management, and payment security services.

Cybersource supports various payment methods, including credit and debit cards, digital wallets, and alternative payment methods. Its integrated approach enables businesses to automate payment operations, making it easier to accept payments online and in-store. Additionally, Cybersource offers extensive reporting and analytics tools that help businesses understand transaction trends and improve their operational efficiency.

Who is it for?

Cybersource caters to a wide range of industries, including eCommerce, retail, travel, and hospitality. It primarily targets businesses that require a comprehensive solution for managing payment processes and enhancing security. Companies looking to optimize their payment systems and reduce fraud risk benefit from Cybersource's diverse offerings.

The platform is utilized by businesses of various sizes, from small startups to large enterprises, providing tailored payment solutions that scale according to business needs. Regions where Cybersource is used include North America, Europe, Asia Pacific, and Latin America, showcasing its global reach and adaptability in different markets.

Why do businesses choose Cybersource?

Businesses choose Cybersource for several verified strengths and benefits:

• Comprehensive Payment Solutions: Cybersource provides a wide array of services, including payment gateway capabilities, fraud management tools, and customer insights, making it a one-stop-shop for payment needs.
• Fraud Management: The platform offers advanced fraud detection and prevention tools, helping businesses minimize chargebacks and fraudulent transactions. This incorporates machine learning algorithms and a robust set of fraud screening tools.
• Flexible Payment Options: Cybersource supports a multitude of payment types and currencies, allowing businesses to operate efficiently in different markets. This enables companies to provide their customers with preferred payment methods, enhancing the overall user experience.
• Global Reach: With capabilities extending across various regions and countries, Cybersource can cater to businesses aiming for international expansion. This is particularly beneficial for eCommerce platforms looking to enter new markets.
• Integration Capabilities: Cybersource offers extensive APIs and SDKs, enabling businesses to integrate payment functionalities seamlessly into their existing systems or platforms.
• Reliable Support: The company provides access to customer support services, which can help businesses troubleshoot issues or obtain guidance on optimizing payment processing strategies.

Businesses using Corefy can simply obtain a MID from Cybersource and connect it to Corefy’s dashboard in a few clicks, without dealing with any integration work.

Is Cybersource trustworthy?

Cybersource is compliant with Payment Card Industry Data Security Standard (PCI DSS) requirements. This certification indicates that the company meets stringent security requirements for processing, storing, and transmitting cardholder information. Additionally, Cybersource employs various security measures, such as encryption and tokenization, to protect sensitive data during transactions.

The company also implements continuous monitoring and proactive measures to combat cyber threats, reinforcing its commitment to facilitating secure payment processes. As a subsidiary of Visa Inc., Cybersource benefits from the extensive security framework and expertise offered by its parent company, further enhancing its trustworthiness.