FutureBazaar Chooses CyberSource to Fight Online Fraud
2008年12月9日 - 10:00PM
PRニュース・ワイアー (英語)
MUMBAI, India, READING, U.K., and MOUNTAIN VIEW, Calif., Dec. 9
/PRNewswire-FirstCall/ -- CyberSource Ltd., the U.K.-based
CyberSource subsidiary, today announced that its Decision Manager
anti-fraud solution has been selected by FutureBazaar India Ltd.,
the online shopping portal of Pantaloon Retail, one of India's
largest retailers. Using Decision Manager, FutureBazaar can now
access over 150 global validation tests to screen for fraud and
determine in real time whether online transactions should be
accepted, rejected, or marked for further review. (Logo:
http://www.newscom.com/cgi-bin/prnh/19990513/CYBRSOURCELOGO)
Virendra Chhatbar, chief finance officer at FutureBazaar, said, "As
eCommerce continues its rapid growth in India, retailers large and
small must be increasingly vigilant to the threat of fraud.
CyberSource's proven risk management solution gives us that greater
level of intelligence. CyberSource has considerable experience
working in the Indian online environment, a factor that strongly
influenced our decision." Indian B2C eCommerce sales are expected
to grow 195% between 2008 and 2011 (eMarketer, "Asia-Pacific B2C
E-Commerce", January 2008). FutureBazaar's group company, Pantaloon
Retail, has over 1,000 stores across 61 cities in India and employs
over 30,000 people. FutureBazaar (http://www.futurebazaar.com/)
offers India's widest range of home products online including toys,
clothing, books, consumer electronics, and larger items such as
kitchen appliances. How Decision Manager works Decision Manager's
fraud evaluations, drawn from over 150 order validation tests, take
place within seconds and are based on business rules determined by
FutureBazaar. The rules can be updated at any time through an
easy-to-use online interface. This flexibility enables FutureBazaar
to continually adapt its fraud screening strategies to changing
marketplace realities. Decision Manager includes sophisticated case
management systems and process analytics to help further address
the accuracy and efficiency of the fraud management process. For
more information on CyberSource's Decision Manager, see:
http://www.cybersource.com/risksolutions. Dr. Akif Khan, head of
U.K. client and technical services at CyberSource Ltd., said,
"Fraud patterns vary from region to region and even country to
country. Online merchants need to alter their rules to accommodate
these variances or they are likely to allow unacceptable levels of
fraud and deny too many good orders. We believe our experience
working in India allows us to more effectively recommend screening
practices to optimize online performance in that region. We are
building on our work with companies like FutureBazaar to deliver
the highest standards of payment and risk management throughout
Asia." About CyberSource Ltd. CyberSource Ltd. is the U.K.-based
wholly-owned subsidiary of CyberSource Corporation (NASDAQ:CYBS), a
leading provider of electronic payment and risk management
solutions. CyberSource solutions enable electronic payment
processing for web, call center, and point-of-sale environments.
CyberSource also offers industry leading risk management solutions
for merchants accepting card-not-present transactions. CyberSource
Professional Services designs, integrates, and optimizes commerce
transaction processing systems. Over 245,000 businesses use
CyberSource solutions, including half the companies comprising the
Dow Jones Industrial Average. The company is headquartered in
Mountain View, California, and has sales and service offices in
Japan, the United Kingdom, and other locations in the United States
including Bellevue, Washington and American Fork, Utah. For more
information, please visit the CyberSource Ltd web site at
http://www.cybersource.co.uk/ or email . About FutureBazaar
FutureBazaar is India's largest online retailing portal. It is
operated by FutureBazaar India Ltd., a Future Group Company.
FutureBazaar offers a wide selection of apparel, books, cameras,
consumer electronics, consumer durables, mobile phones, home d�cor,
home entertainment, kitchen appliances, toys, games, watches and
accessories. The company's products come with a 15-day
unconditional return warranty and a 7-day delivery guarantee. It
delivers to more than 1,500 Indian cities and towns. (C)2008
CyberSource Corporation. All rights reserved. CyberSource is a
registered trademark in the U.S. and other countries. All other
brands and product names are trademarks or registered trademarks of
their respective companies.
http://www.newscom.com/cgi-bin/prnh/19990513/CYBRSOURCELOGO
http://photoarchive.ap.org/ DATASOURCE: CyberSource Ltd. CONTACT:
India, Wayne Ferrao, 66522890-899, , for CyberSource Ltd., or U.K.,
Rosie Leishman, +44 118 929 4855, , or U.S., Bruce Frymire
+1-650-965-6042, , both of CyberSource Ltd. Web site:
http://www.cybersource.com/ http://www.futurebazaar.com/
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