Partnership Provides Complete Set of Payment Security Services for Merchants MOUNTAIN VIEW, Calif. and CHICAGO, Aug. 11
MOUNTAIN VIEW, Calif. and CHICAGO, Aug. 11 /PRNewswire-FirstCall/ --
CyberSource Corporation (Nasdaq: CYBS), a leading provider of electronic
payment and risk management solutions, and Trustwave, the leading provider of
on-demand data security and payment card industry compliance management
solutions to businesses and organizations throughout the world, have announced
a partnership to provide payment security solutions to Trustwave and
CyberSource merchants in the United States and Europe. Industry-leading
payment security technologies and consulting services from both companies will
help merchants streamline compliance validation with the Payment Card Industry
Data Security Standard (PCI DSS), providing a complete set of payment security
services for merchants.
(Logo: http://www.newscom.com/cgi-bin/prnh/19990513/CYBRSOURCELOGO)
PCI DSS is the payment card industry security requirement for entities
that store, process or transmit cardholder data, and has been endorsed by all
the major card brands -- Visa Inc., MasterCard Worldwide, Discover Network,
American Express and JCB. The PCI DSS is a framework for the secure handling
of cardholder data.
Recognized as CyberSource's preferred Qualified Security Assessor (QSA),
Trustwave will offer CyberSource merchants a comprehensive compliance
validation program, including its Risk Profiler, an online portal that defines
data security risk associated with credit card acceptance practices.
Trustwave's Risk Profiler is the first stage of its TrustKeeper(R) on-demand
compliance management program. TrustKeeper provides merchants with access to
tools necessary to validate PCI DSS compliance including the Self-Assessment
Questionnaire and quarterly network vulnerability scanning, and when
necessary, remediation recommendations. Additionally, Trustwave will work with
CyberSource Global Services to provide merchants application testing and other
forensic services. These proprietary security solutions, along with
Trustwave's managed security services, will help merchants facilitate and
maintain ongoing PCI DSS compliance validation.
Similarly, Trustwave will offer its merchants CyberSource Secure Storage
and Hosted Payment Acceptance solutions to reduce the scope of PCI DSS
compliance by removing payment data storage and handling from the merchant
environment. Trustwave will also work with CyberSource Global Services to
provide security remediation to address gaps in PCI DSS compliance. For more
information on these CyberSource services, go to
http://www.cybersource.com/products_and_services/payment_security/.
"We believe joint marketing of the talents of our two companies will yield
the most complete set of payment security services for e-commerce merchants,"
said David Glaser, vice president, CyberSource Global Services. "Both
companies will be better able to serve the needs of their customers. We are
delighted to be partnering with Trustwave, long one of the world's leaders in
payment card security compliance management."
"This partnership really drives the talent of both organizations into a
comprehensive solution that benefits the merchant," said Robert J. McCullen,
chairman and CEO of Trustwave. "It's our goal to secure the payment
environment to limit the opportunity for a data compromise and by teaming with
CyberSource, we're able to provide our merchants a solution to limit data
storage and handling."
About CyberSource
CyberSource Corporation is a leading provider of electronic payment and
risk management solutions. CyberSource solutions enable electronic payment
processing for Web, call center, and POS environments. CyberSource also
offers industry leading risk management solutions for merchants accepting
card-not-present transactions. CyberSource Professional Services designs,
integrates, and optimizes commerce transaction processing systems.
Approximately 238,000 businesses use CyberSource solutions, including half the
companies comprising the Dow Jones Industrial Average. The company is
headquartered in Mountain View, California, and has sales and service offices
in Japan, the United Kingdom, and other locations in the United States
including Bellevue, Washington and American Fork, Utah. For more information
on CyberSource please visit http://www.cybersource.com or email
info@cybersource.com. For more information on Authorize.Net small business
solutions, please visit http://www.authorize.net or email sales@authorize.net.
About Trustwave
Trustwave is the leading provider of on-demand and subscription-based
information security and payment card industry compliance management solutions
to businesses and government entities throughout the world. For organizations
faced with today's challenging data security and compliance environment,
Trustwave provides a unique approach with comprehensive solutions that include
its flagship TrustKeeper(R) compliance management software and other
proprietary security solutions. Trustwave has helped more than 30,000
organizations-ranging from Fortune 500 businesses and large financial
institutions to small and medium-sized retailers-manage compliance and secure
their network infrastructure, data communications and critical information
assets. Trustwave is headquartered in Chicago with offices throughout North
America, South America, Europe, Africa, China and Australia. For more
information, visit https://www.trustwave.com/.
"Safe Harbor" statement under the Private Securities Litigation Reform Act
of 1995
Statements in this release that are not purely historical are
forward-looking statements within the meaning of Section 27A of the Securities
Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including,
without limitation, statements regarding the company's expectations,
objectives, anticipations, plans, hopes, beliefs, intentions or strategies
regarding the future. Forward-looking statements in this release include,
statements regarding: (1) helping merchants streamline Payment Card Industry
Data Security Standard (PCI DSS) compliance; and (2) providing the most
complete set of payment security services for merchant. Factors that could
cause actual results to differ materially from the forward looking statements
include risks and uncertainties such as, changes in customer needs, new
products and services offerings by the company and its competitors, any
unforeseen event or any unforeseen system failures, and other risks indicated
in our filings with the Securities and Exchange Commission. It is important
to note that actual outcomes could differ materially from those in such
forward-looking statements. Readers should also refer to the documents filed
by CyberSource with the Securities and Exchange Commission, specifically the
annual report filed on Form 10-K for the year ended December 31, 2007, filed
with the Securities and Exchange Commission on March 11, 2008, and our
quarterly reports filed on Form 10-Q from time to time, all of which identify
important risk factors.
(C)2008 CyberSource Corporation. All rights reserved. CyberSource is a
registered trademark in the U.S. and other countries. All other brands and
product names are trademarks or registered trademarks of their respective
companies.
SOURCE CyberSource Corporation
