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CYBERSOURCE PROVIDES PAYMENT AND FRAUD SCREENING 24-7 FOR LEADING ONLINE ELECTRICAL RETAILER

CyberSource Corporation (NASDAQ: CYBS), a leading provider of electronic payment and risk management solutions, is providing online electrical retailer 247electrical.co.uk with round the clock payment processing and fraud protection for its new e-commerce store. 247electrical.co.uk called on CyberSource to help the company fully automate its system and reduce the time that staff were spending performing security checks on web orders.

The launch of the updated website was the culmination of a six-month project that saw the company create a new e-commerce store to cater for a growing customer base. Alongside CyberSource electronic payment processing, 247electrical.co.uk has also selected Advanced Fraud Screen and the payer authentication service, Verified by Visa (VbV).

Dominic Yacoubian, director of 247electrical.co.uk, said, "We felt that it was important to provide our customers with a fast and efficient system incorporating the very latest fraud screening techniques. Sales have increased steadily via our online store so it was vital to introduce an automated system which would reduce manual processing and minimise fraud."

Nathan Jackson, managing director at CyberSource Europe, added, "Online fraud is a significant concern for retailers, particularly with the rollout of chip and PIN and the predicted migration of fraud. Our industry leading solutions provide secure, automated fraud screening for e-commerce payments, lessening the burden on manpower and significantly reducing the risk faced by companies trading online. Businesses are able to securely accept and process the maximum number of transactions."

CyberSource provides multiple payment and risk management services for businesses of all size. Merchants benefit from enterprise class e-commerce capabilities, including enhanced reliability and security, as well as award winning support.