CyberSource Corp. and First Data Merchant Services (FDMS), a division of First Data Corp., formed an agreement under which FDMS will make available CyberSource’s e-commerce services to its bank alliances and client banks for marketing to Internet merchants.
The new agreement provides FDMS bank alliances and client banks the ability to
offer their merchants an end-to-end suite of turnkey Internet payment
including enhanced protection from fraud and export risks, third party
fulfillment notification and sales tax calculation.
“FDMS wants to help banks bring merchants online, and we realize there’s much
more to electronic commerce than just processing payments,” said Carolyn
Brackett, vice-president of Internet commerce at FDMS. “Through our agreement
with CyberSource, FDMS’ clients can now provide their merchants with the
option of a comprehensive bundle of payment solutions from a leading
electronic commerce vendor with a direct line into FDMS — everything they
need to successfully accept payments on the Internet.”
FDMS will offer CyberSource’s enabled electronic commerce
services in two packages — CommerceFLEX and a CommerceEZ bundle. Both
packages will be provided to FDMS’ bank alliance and client banks for
marketing to their existing and prospective merchant base.
CommerceFLEX provides merchants access to Cybersource’s array of services from
which to choose. These services include risk management services such as IVS
FraudScreen, a powerful automated credit card fraud screening service, and an
Export Control service to expedite the process of achieving compliance with
United States government export restrictions. Services also include FDMS
payment processing, sales and VAT (value-added tax) calculation, fulfillment
house messaging, and digital product preparation, warehousing and secure
CommerceEZ eliminates the need for programming or a secure server by using
CyberSource to securely host a merchant’s order pages. All the same risk
management, commerce services and digital delivery services available to
CommerceFLEX merchants are supported through CommerceEZ.