OnePlus Leverages CyberSource Solutions to Expand Payment Options for Users Around the World

PR67168

SINGAPORE, Jan. 19, 2017 /PRNewswire=KYODO JBN/ --

- OnePlus, a global mobile technology start-up, implements CyberSource's full

suite of global payment management solutions, including fraud management and

payment tokenization

- CyberSource's solutions will enable OnePlus to accept digital payments, and

extend their customer reach beyond their domestic market

CyberSource, a Visa Inc. company (NYSE: V), and one of the world's largest

providers of eCommerce payment management services, today announced its

collaboration with OnePlus, a global mobile technology start-up focused on

developing flagship smartphones for its tech-savvy users. Leveraging

CyberSource's suite of payment management solutions, OnePlus will be able to

securely accept digital payment methods through both web and mobile channels as

it looks to grow its market share across Europe and North America.

OnePlus will deploy CyberSource's full suite of payment, fraud management and

tokenization services. Through the CyberSource global payment gateway, OnePlus

will be able to process a wide range of international online and mobile

payments from multiple credit card issuers, as well as certain alternative

payment methods.

Since its founding in 2013, OnePlus has grown rapidly in a short time and

operates in more than 30 countries today. As the company continued to expand

overseas, OnePlus wanted to offer preferred payment options and currencies in

local markets to expand customer reach, without increasing payment security or

fraud risk for customers in Europe and North America.

"OnePlus needs to continue building trust among our customers for sustainable

growth," said Steven Gao, head of global eCommerce at OnePlus. "This

relationship with CyberSource is important to that strategy as we are now able

to accept a greater variety of payment modes and streamline payment acceptance,

thus improving the entire customer experience."

Additionally, OnePlus will use CyberSource Decision Manager, which features the

World's Largest Fraud Detection Radar. With insights from over 68 billion

transactions processed annually by Visa and CyberSource, supplemented by over

260 real-time global validation tests, OnePlus will be able to automatically

screen more inbound orders faster, with increased accuracy and less manual

interventions. This will significantly enable OnePlus to better mitigate its

online fraud rate with the ability to accept more genuine orders with

confidence, while minimizing the rejection of valid ones.

"Today's customers expect more choices," said Sarah Wu, Head of Sales, Greater

China, CyberSource. "Increasingly, customers are more likely to simply abandon

their shopping carts if their preferred payment option is not available. As

merchants look to expand overseas, a solid and secure payment management

infrastructure will help improve customer experience. We are thrilled to work

with OnePlus to optimize their payment and fraud management services, enabling

them to provide a secure end-to-end online payment experience that caters to

their growing user base."

About CyberSource

CyberSource, a wholly owned subsidiary of Visa Inc., is the only integrated

payment management platform built on secure Visa infrastructure, with the

payment reach and fraud insights of a massive $358Bn global processing network.

CyberSource and Authorize.Net payment management solutions help 475,000 large

and small businesses grow sales, mitigate risk, and operate with greater

agility. CyberSource operates globally, and is headquartered in San Francisco,

California. For more information, please visit www.cybersource.com.

About OnePlus

OnePlus is a global startup challenging conventional concepts of technology.

Created around the "Never Settle" mantra, OnePlus creates exquisitely designed

devices with premium build quality and high-performance hardware. OnePlus

thrives on cultivating strong bonds and growing together with its community of

users and fans. For more information, please visit OnePlus.net

(https://oneplus.net/).

Contacts:

Jareth Cheng

Ying Communications

+65-3157-5628

jareth.cheng@yingcomms.com  

SOURCE  CyberSource