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Tag: CyberSource

  • OnePlus taps CyberSource for payment management

    OnePlus taps CyberSource for payment management

    Smartphone startup OnePlus is tapping CyberSource’s suite of payment management solutions to securely accept digital payment methods through both web and mobile channels.

    OnePlus will deploy CyberSource’s full suite of payment, fraud management and tokenization services. Through the CyberSource global payment gateway, OnePlus will be able to process a wide range of international online and mobile payments from multiple credit card issuers, as well as certain alternative payment methods.

    Since its founding in 2013, OnePlus has grown rapidly in a short time and operates in more than 30 countries today. As the company continued to expand overseas, OnePlus wanted to offer preferred payment options and currencies in local markets to expand customer reach, without increasing payment security or fraud risk for customers in Europe and North America.

    “OnePlus needs to continue building trust among our customers for sustainable growth,” said Steven Gao, head of global eCommerce at OnePlus.

    “This relationship with CyberSource is important to that strategy as we are now able to accept a greater variety of payment modes and streamline payment acceptance, thus improving the entire customer experience.”

    Additionally, OnePlus will use CyberSource Decision Manager, which features a fraud detection Radar. With insights from over 68 billion transactions processed annually by Visa and CyberSource, supplemented by over 260 real-time global validation tests, OnePlus will be able to automatically screen more inbound orders faster, with increased accuracy and less manual interventions.

    This will significantly enable OnePlus to better mitigate its online fraud rate with the ability to accept more genuine orders with confidence, while minimizing the rejection of valid ones.

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  • Line Thailand to launch mobile payments

    Line Thailand to launch mobile payments

    Visa subsidiary CyberSource has sealed a partnership with mobile messaging app Line Thailand, to allow Thai users to make mobile payments using its Line Pay service.

    CyberSource, one of the world’s largest providers of eCommerce payment management services,  will offer its full suite of payment, fraud management and tokenisation services for Line Thailand, which will work with acquirer Krungsri (Bank of Ayudhya), Thailand’s fifth largest bank.

    Line and Cybersource will be able to process a wider spectrum of mobile payments from multiple card brands and issuers, as well as “certain alternative payment methods”.

    “The solution is designed to provide their customers with secure mobile payment options at affiliated online and brick-and-mortar stores without requiring an additional app,” explains CyberSource.

    Line has grown globally across 230 countries and regions since 2011, with its mobile messaging service app registering 205 million monthly active users as of April 2015. Some 33 million Thais use Line Thailand.

    Prapakorn Lipikorn, Head of Line Pay business development, with Line Thailand, said:. “This partnership is a key component in our strategy to cater to an ever-growing user base in Southeast Asia. We are able to streamline payment acceptance and create new growth opportunities for our merchants, while providing our users with a fuss-free mobile payment option.”

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  • Line adopts secure payment service

    Line adopts secure payment service

    Social media app Line has teamed up with CyberSource to enhance the security and convenience of it mobile payment service Line Pay.

    CyberSource, a subsidiary of Visa, is one of the world’s largest providers of eCommerce payment management services. The strategic partnership with Line Corporation will add payment and fraud management services for Line Pay.

    “Via CyberSource’s global payment gateway, Line will be able to process online payments from multiple card brands and issuers, as well as certain alternative payment methods,” the company said in a statement.

    “These solutions enable Line to advance their business globally in a scalable and secure manner.”

    Since Japanese company Line’s launch in 2011, the service has grown globally across 230 countries and regions. As Line Corporation’s core business platform, the app helped the company obtain an international presence by consistently rolling out and expanding services, integrating various social elements in its app features – including Line stickers, Line family apps, Line Game and Line camera. The mobile messaging service app had 181 million monthly active users as at January 2015.

    “With global smartphone penetration per capita expected to increase more than three times by 2017 from that in 2011, we recognise that there is great opportunity for growth in the mobile industry,” said Takeshi Idezawa, Line Corporation’s COO.

    “We are constantly looking to work with partners with an established worldwide presence and vast experience so we can provide quality service to today’s digitally-savvy consumers. With our entry into the mobile payments market, we are now able to empower our customers with more choices and flexibility in online payments. On top of that, we are also able to protect their interests with CyberSource’s payment security expertise. We strongly believe this will be pivotal in helping us accelerate our global growth.”

    In addition to global payment services, Line will also have access to secure payment acceptance and fraud management services via the CyberSource payment management platform. This means Line will be able to provide payment security, with users’ sensitive payment data residing in CyberSource’s secure data centers, as well as process a wider spectrum of payment methods.

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