Overview of CyberSource
CyberSource, a Visa solution, is a comprehensive global payment management platform designed to facilitate secure, efficient, and scalable payment processing for businesses operating in the e-commerce sector.
What CyberSource Does
CyberSource enables businesses to accept a wide range of payment methods, including credit and debit cards, digital wallets (such as Apple Pay and Google Pay), bank transfers, and alternative payment options like PayPal and Klarna. This platform is built on Visa’s world-leading infrastructure, ensuring high security, reliability, and global reach.
Key Features and Functionality
Global Payment Acceptance
- CyberSource allows businesses to accept payments in over 190 countries and territories, supporting more than 50 currencies and connections to over 150 processors and acquirers.
Advanced Security
- The platform features robust security measures, including Secure Acceptance Hosted Checkout and Secure Acceptance Checkout API, which ensure that sensitive payment data is not stored on the merchant’s server, reducing PCI DSS compliance requirements.
- Payment tokenization replaces sensitive payment data with secure tokens, enhancing security and simplifying compliance.
- 3D Secure 2 Authentication and Rules-Based Payer Authentication (Verified by Visa, MasterCard SecureCode, etc.) add additional layers of security to prevent unauthorized payments.
Fraud Prevention
- CyberSource’s Decision Manager uses machine learning and real-time transaction data to detect and block fraudulent activities. It employs over 260 fraud detectors, including device fingerprinting and IP geolocation, to minimize fraud losses.
Multi-Channel Support
- The platform supports cross-channel payments, allowing businesses to manage transactions seamlessly across various channels, including web, mobile, and in-app payments.
Integration and Flexibility
- CyberSource offers seamless integration with e-commerce platforms like Magento 2, providing various extension types tailored to different business needs. It also supports GraphQL and REST APIs for custom checkout flows and headless commerce.
- The platform allows merchants to manage separate CyberSource accounts for each store, enabling customized payment configurations and fraud rules.
Scalability and Performance
- Built on Visa’s infrastructure, CyberSource can handle massive transaction volumes, with the capacity to process up to 8,000 transactions per second. It boasts a 99.999% uptime, ensuring minimal downtime and risk to the business.
Reporting and Management
- The platform provides consolidated reporting for all payment methods, along with detailed transaction and submission reports, helping businesses to manage and analyze their payment operations efficiently.
In summary, CyberSource is a powerful payment management platform that offers global payment acceptance, advanced security features, robust fraud prevention tools, and seamless integration with various e-commerce platforms. It is designed to help businesses scale quickly, reduce risk, and enhance the customer payment experience.