Top Cybersource Alternatives

With many businesses and organizations around the world starting to offer their services online, payment platforms and other payment-related infrastructure has assumed greater importance. A robust payment infrastructure not only ensures efficient payment processes but also adds on to the credibility of the service provider. Customers like to transact with businesses they feel good about and a robust payment infrastructure helps build that trust factor. CyberSource is one of the leading payment platforms that offer a flawless customer experience in addition to a much wider reach.

Major features

The three major features offered by the platform can be summarized as payment acceptance, fraud management, and payment security. The payment acceptance features offer users the flexibility to obtain payments from a variety of mediums. They can choose to accept online payments through debit cards, credit cards, bank transfers, and digital wallets like PayPal, Apple Pay, and Visa Checkout. Additionally, the platform also offers options to accept in-person payments through point-of-sale (POS) terminals or secure mPOS. The option to accept payments via call centres is also offered.

Fraud and risk management

A dedicated payment management platform to accept payments from different channels is also on offer. This enables the user to integrate various payment channels which assists him in better control and management of different payment mediums. Apart from these, the platform also offers fraud and risk management features. These features consist of various options that help automate fraud detection, customize fraud rules according to the organization and type of industry, and optimize the process of manual reviewing.

Token management and PTP encryption

The platform initially starts analyzing the user’s historical data to gather insights and data. It then uses machine learning to generate rules which are then tested with decision manager replay. The risk analyst further assesses the results and then the mechanism is finally deployed in the production cycle. Under the payment security features, the platform offers options such as token management service and point-to-point encryption. These features help in the easy exchange of data among the various parts of the process and enable faster processing times. Also, since these options enhance the security of the process, the user feels more satisfied leading to repeat conversions and ultimately better revenue.