Alipay Chooses CyberSource for Fraud Fighting
Nov. 21, 2013
This week, antifraud software and online gateway provider CyberSource unveiled a partnership with Chinese online payment company Alipay that will strengthen the Chinese company’s fraud-fighting capabilities. Alipay, the payments arm of China’s massive e-commerce company Alibaba Group, said CyberSource has enabled Alibaba e-commerce site AliExpress to reduce fraud rates on cross-border B2C transactions. Alipay is using CyberSource’s Decision Manager fraud tool and Managed Risk Services consulting service to augment its in-house antfifraud capabilities across the Alibaba e-commerce portfolio.
“Alibaba and Alipay are growing rapidly and expanding on a global scale. With this in mind, we need to protect the business against the risks of global fraud,” said Tu Jianwei, senior director of Alipay. “The implementation of CyberSource Decision Manager and Managed Risk Services allows us to better understand best practices in global risk management and build an efficient system for our extensive user base. With CyberSource’s world-class fraud management capabilities, our merchants are able to simultaneously maintain low fraud rates and high transaction acceptance rates, thereby enhancing their customers’ experiences.”