Travelex UK Counts on CyberSource’s Payment and Risk Management Expertise

READING, England, Oct. 28 /PRNewswire-FirstCall/ -- CyberSource Ltd., a leading provider of electronic payment and risk management solutions, has been selected by Travelex UK Ltd., the world's foreign exchange and business payments specialist, to help secure its online and call center payments. CyberSource services selected by Travelex include electronic payment processing, risk management, and payer authentication. These were chosen to enable Travelex to grow its eCommerce channel to meet customer demand while minimizing the increased overhead of manual review.

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Simon Leach, head of eCommerce at Travelex said, "We needed a secure, scalable payment solution to improve efficiency across the payments process, which is important as we grow our business. After considering a number of vendors, we selected CyberSource's flexible, cost-effective solution as it was the most capable choice to help support our future expansion plans."

CyberSource payment processing has been available to European merchants since 1997. CyberSource's Decision Manager is a fraud management portal that determines in real-time whether an order should be accepted, rejected or marked for further review, helping to streamline fraud management operations and reduce the cost of order review. CyberSource Payer Authentication offers additional verification of a cardholder's identity via the Verified by Visa and MasterCard SecureCode programs, helping to reduce the risk of fraud. More information on CyberSource risk management services: http://www.cybersource.com/risksolutions.

Simon Stokes, managing director at CyberSource, said, "CyberSource has a strong reputation among established financial service providers in helping them manage their high transaction volumes. We are glad to be part of Travelex's eCommerce environment and look forward to supporting the growth of their online business."

About CyberSource

CyberSource Ltd. is a wholly-owned subsidiary of CyberSource Corporation (Nasdaq: CYBS). CyberSource is 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 optimises 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 [email protected].

About Travelex

Travelex is the world's foreign exchange and international payments specialist, operating through subsidiaries and branches in five regions: United Kingdom; Europe, Middle East and Africa (EMEA); Americas and Asia Pacific. As one of the world's leading providers of outsourced travel money to banks, travel agencies and other retailers it provides products including its prepaid travel card Cash Passport to over three million channel customers annually. Through its world-leading automation Travelex offers consumers a full range of delivery channel options including telephone and web-based ordering. For more information, please visit: http://www.travelex.co.uk/uk

(C)2008 CyberSource Corporation. All rights reserved. CyberSource is a registered trademark in the U.S., the U.K. and other countries. CyberSource Decision Manager and CyberSource Payer Authentication are trademarks of CyberSource in the U.S., the U.K. and other countries. All other brands and product names are trademarks or registered trademarks of their respective companies.

SOURCE CyberSource Corporation

CONTACT: U.K., Rosie Leishman, 44 118 929 4855, [email protected], or U.S., Bruce Frymire, +1-650-965-6042, [email protected], both of CyberSource Corporation