dcsimg

CyberSource eliminates online merchants' need to store credit card details

By , CardRatings contributor
  • Google +
  • Twitter
  • Facebook
New merchant security guidelines and mounting consumer pressure have forced many e-commerce retailers to search for credit card processing platforms that store customer information offsite, away from their own computer networks. Visa, Inc. subsidiary CyberSource announced a new suite of merchant software tools that accomplish that goal without slowing down transaction times or increasing the risk of fraud.

According to CyberSource officials, the new version of their e-commerce platform "tokenizes" customer information. This relatively new approach to transaction processing allows merchant sites to match details about an order, such as shipping and payment address, with a secure token representing a customer's payment information on CyberSource's secure servers. Therefore, site admins and developers can never access a customer's actual credit card number or security ID.

By shifting credit card storage to a third-party processor like CyberSource, e-commerce retailers no longer need to ensure compliance with PCI security standards on their own websites. This shift significantly reduces development costs and shrinks deployment schedules, a move that CyberSource officials told reporters would make e-commerce even more efficient for its clients and their customers.
0 Responses to "CyberSource eliminates online merchants' need to store credit card details"

No Comments

Leave a Comment
 
 
 
About Our Ratings ×

Our editors rate credit cards objectively based on the features the credit card offers consumers, the fees and interest rates, and how a credit card compares with other cards in its category. Ratings vary by category, and the same card may receive a certain number of stars in one category and a higher or lower number in another.

The ratings are the expert opinion of our editors, and not influenced by any remuneration this site may receive from card issuers.

Advertisers in our database are highlighted, and advertisements include an option to apply using links on our site. CardRatings.com may be compensated by companies mentioned on the site when a user's application is accepted or approved by such companies.

How do your cards stack up?

Compare your card starting here

NEXT »

Featured Partner Cards

loading