CyberSource Corporation (NASDAQ:CYBS), a leading provider of electronic payment, risk management and payment security solutions, today announced it has extended support for PayPal Express Checkout to U.K merchants, and has released enhanced fraud protection for both U.S. and U.K. merchants accepting PayPal Express Checkout transactions worldwide.
"We've now made it simple for our merchants in both the U.S. and U.K. to easily integrate and manage PayPal payments alongside their other payment options, and bring even greater speed and convenience to their customers' shopping experience." said Michael Orlando, vice-president, strategic markets for CyberSource.
By implementing PayPal Express Checkout through CyberSource, businesses can accept and reconcile multiple payment types through one payment gateway and reporting interface, rather than managing separate processing connections and reports. Merchants processing PayPal through CyberSource can also access additional fraud protection for PayPal transactions, since PayPal is now supported within the CyberSource fraud portal. This portal gives business managers the ability to create order screening rules based on over 100 additional validation tests, including address verification, IP geolocation tests, and purchase-velocity monitoring.
"Merchants everywhere are seeing the advantages of accepting PayPal payments to increase sales conversion," said Gene Alston, business development director at PayPal. "CyberSource's support for PayPal Express Checkout means more merchants will have an easier time integrating PayPal while gaining access to PayPal's 164 million accounts worldwide."