Billable transactions for Visa’s payment management company, CyberSource, grew 16% year-on-year (Y/Y) in the first quarter (Q1/14) to 1.85 billion, according to CardData. While the growth rate is solid, it has been edging down sequentially since peaking at 27% in the second quarter (Q2/13) of last year. Over 400,000 businesses worldwide use CyberSource and Authorize.Net brand solutions to process online payments, streamline fraud management, and simplify payment security.
Meanwhile, CyberSource has formed a strategic global partnership with Amadeus. The deal brings an integrated travel reservation and fraud management solution to airlines, travel agencies and other travel organizations worldwide.
CyberSource’s Decision Manager is being integrated into the dedicated travel Amadeus Payment Platform. As a result it can help travel organizations globally accept more legitimate bookings, while identifying potential fraudulent transactions and lowering operational costs. The combined solution will help travel businesses worldwide maximize revenue, reduce costs and improve the customer payment experience across multiple channels, such as online, mobile, face to face and call center.
RAM Research projects CyberSource transaction volume will top 2 billion by the end of the third quarter.
CYBERSOURCE BILLABLE TRANSACTIONS
(millions)
1Q/13 2Q/13 3Q/13 4Q/13 1Q/14
1608 1648 1696 1894 1859
Source: Visa; CyberSource; CardData
RESOURCES:
For more data on CyberSource access CardData®. For information and commentary on CyberSource visit the searchable CardFlash® Library of more than 58,000 articles published since 1995. Custom RAM Research® projects on CyberSource are available exclusively through CardWeb.com.®
NOTES:
Amadeus is a provider of advanced technology solutions for the global travel industry. Customer groups include travel providers (e.g. airlines, hotels, rail and ferry operators, etc.), travel sellers (travel agencies and websites), and travel buyers (corporations and travel management companies). The Amadeus group employs around 10,000 people worldwide, across central sites in Madrid (corporate headquarters), Nice (development) and Erding (operations), as well as 71 local Amadeus Commercial Organizations globally. The group operates a transaction-based business model.
CyberSource is a wholly-owned subsidiary of Visa Inc., is a payment management company. 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, U.K. CyberSource operates in Europe under agreement with Visa Europe.
