CyberSource Corp.

International Fraud Rates Fall to 2% in 2009 for E-Commerce Merchants
February 23, 2010

U.S. and Canadian merchants say the percentage of their orders from abroad rose to 21% in 2009, up 24% from 17% in 2008, CyberSource Corp. says in the “11th Annual CyberSource Survey of eCommerce Fraud—2009.” The international growth dovetailed with fraud rates on international orders dropping from an average of 4% in 2008 to 2% in 2009. The domestic rate was 0.9%. The percentage of international orders that were rejected for suspicion of fraud fell 29% from 10.9% in 2008 to 7.7%. The domestic percentage was 1.2%.

BidPay Adds Integrated Checkout Options
October 4, 2007

Online sellers and third-party developers now can integrate BidPay, a low-cost payment option for online credit and debit card processing without the need for a merchant account, as a payment option on their checkout pages.