BCEL partners with CyberSource to extend cross-border ecommerce offerings

Friday 15 November 2013 07:45 CET | News

CyberSource, a Visa company and a provider of ecommerce payment management services, has entered an agreement with the commercial bank in Laos, Banque Pour Le Commerce Exterieur Lao (BCEL). The agreement enables BCEL to expand its business, both locally and regionally, by offering online payment services to its merchant customers.

Using the CyberSource through VisaNet (CTV) solution, BCEL will gain access to CyberSource payment processing and fraud management services through the bank’s existing connection to Visa. Through CTV, merchants acquired by BCEL will be able to access the full range of CyberSource solutions. This includes the ability to accept payment cards online and to support multi-channel payments worldwide, while screening for fraud using CyberSource Decision Manager. BCEL is also the first acquirer in Laos to leverage CyberSource solutions to provide merchants with a way to manage online transactions, including a scalable payment gateway coupled with a market-proven fraud management solution.

To manage payments in an expanding cross-border business, BCEL’s partners will also benefit from CyberSource Decision Manager, a fraud management solution. Decision Manager provides the ability to automatically screen more orders, based on insights from the over 60 billion transactions processed annually by Visa and CyberSource, leading to streamlined fraud management operations for BCEL and its merchant customers. Data insights are derived from transactions across multiple payment types and from merchants worldwide, and are supplemented by 260 validation and correlation tests and services.

CyberSource, a wholly-owned subsidiary of Visa, is a payment management company. Over 400,000 businesses worldwide use CyberSource and Authorize.Net brand solutions to process online payments. The company is headquartered in Foster City, CA and maintains offices throughout the world, with regional headquarters in Singapore, Tokyo, Miami / Sao Paulo and Reading, UK. CyberSource operates in Europe under agreement with Visa Europe.

Check out our Cross-border Ecommerce Research section here for more info on country-specific ecommerce facts & figures, preferred payment methods, risk and fraud, as well as ecommerce legislation & regulation for mature and emerging markets.

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Keywords: cross-border ecommerce, BCEL, Cybersource, online payment, merchant customers
Categories: Payments & Commerce
Countries: World
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Payments & Commerce

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