New CyberSource Tool Combats Fraud

Share this article:
Internet transaction processor CyberSource Corp. yesterday introduced a new credit card payment process designed to combat fraud.


The CyberSource Smart Authorization from CyberSource, Mountain View, CA, combines a visual fraud-screening application and a credit card processing service into one tool.


The company said its service performs address validations, screens for obscenities and nonsensical names and cross-checks against merchant databases for bad addresses and credit card numbers.


Screening results are processed. One-word "approve" or "decline" recommendations are then returned to merchants.


"We've had a number of customers ask for a fraud screening service … because they experience significant levels of credit card fraud and don't have … fraud management resources," said Tracy Wilk, vice president of product management at CyberSource.


CyberSource contends that Smart Authorization is more advanced than the banking network's Address Verification System and better prepared to combat credit card fraud, which the company claims will increase tenfold in the next four years.


Gift certificate and promotional incentive programs also are available through the service.
Share this article:
You must be a registered member of Direct Marketing News to post a comment.

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

More in News

Customer Centricity Is Spurring Marketing-Tech Investments

Customer Centricity Is Spurring Marketing-Tech Investments

A majority of marketers rank customer satisfaction improvements as paramount in the technology investment decisions.

Big, Bold Moves in the C-Suite

Big, Bold Moves in the C-Suite ...

JCPenney appoints Home Depot's Marvin Ellison as CEO; Harte Hanks and JWT add hitting power to their C-level benches

Campaign Comes to the States

Campaign Comes to the States

DMN's UK-based sister publication launches Campaign US