CyberSource Analysis
PaymentPlus Analysis
CreditNet Analysis
CyberSource Analysis
 

CyberSource
http://www.cybersource.com/sitemap.xml

Transaction time averages 3 seconds (WOWSER). There is so much information on their site that I have offered a link to the sitemap. The link on the course site is incorrect however, CyberSource has a default page error system that redirects the user to their sitemap.

CyberSource offers the merchant a choice of either a Payment Service (using their computer system) or a Payment Manager (software solution using your computer system).
http://www.cybersource.com/solutions/electronic_payment/solutions/service.xml
http://www.cybersource.com/solutions/electronic_payment/solutions/software.xml

What really sets them apart from the others is that they offer Payment and fraud solutions for North America, Europe, Asia with support for transactions in over 100 currencies. Among the additional services they offer are the ability to Accept Cash (MagnaCash), a Global Tax Calculation Engine and Export Control System, an Incentive/ Gift Certificates program. Further, their solutions are compatible with all major operating systems. This is the all-in-one solution provider but is likely to be the most expensive. However, if your business is targeting a Global Market, I would recommend this company.

How it works

CyberSource Payment Service is remotely accessed in real-time. The authorization and settlement process is handled as follows:

1. Customer places an order. The order information is securely transferred to CyberSource over the Internet via the Simple Commerce Messaging Protocol (SCMP).

2. CyberSource receives the order information, performs the requested services, and routes the transaction authorization request through its payment gateway to the processor.

3. The processor routes the transaction to the appropriate card association, which routes the transaction to the customer card issuing bank for authorization.

4. The issuing bank returns authorization approval or decline. CyberSource returns the authorization approval/decline message to the merchant.

5. The merchant sends settlement request to CyberSource. CyberSource sends a settlement request to the processor, who then routes it to the card associations who routes it to the issuing bank or directly to American Express or Discover.

6. The issuing bank approves transfer of money to the acquiring bank (merchant bank).

How to choose the best payment solution

The Cybersource Payment Service combines the advantages of robust functionality with rapid deployment and management ease of an outsourced service. Enterprises can rely on fast, secure, reliable, electronic payment services, worldwide, without the complexity of maintaining an in-house system. In general, this solution is selected by businesses that want:

  • a solution that can be implemented quickly
  • a pricing structure that varies with transaction volume
  • to rely on the expertise and knowledge of the vendor for changes and enhancements

The CyberSource Payment Manager software is a powerful, transaction-processing server that spans all the sales channels of an enterprise. It seamlessly integrates with internal legacy systems and external payment processors. In general, this in-house solution is selected by enterprises that want:

  • a high degree of internal control in order to adapt business processes
  • fixed, predictable expenses regardless of transaction volume
  • to allocate the necessary internal resources to maintain the system and to keep up with changing technology and business rules.

http://www.cybersource.com/solutions/electronic_payment/solutions/service.xml accessed November 19, 2001.
 
PaymentPlus Analysis
CreditNet Analysis
CyberSource Analysis
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Text Book Credit: New Perspectives on E-Commerce - Introductory. Perry, James and Schneider, G.P., Course Technology, a division of Thomson Learning, 2001. http://www.course.com