Traveloka Ensures Online Payment Reliability and Security with CyberSource Solutions

PR62158

JAKARTA, Indonesia, Oct. 13, 2015 /PRNewswire=KYODO JBN/ --

-Traveloka, Indonesia's leading online travel agency, adopts CyberSource's full

suite of payment solutions

-CyberSource payment management solutions enable Traveloka to accept more

payments quickly and securely, ensuring payment reliability for customers

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

providers of eCommerce payment management services, today announced a

partnership with Traveloka, Indonesia's fast-growing online travel agency

(OTA). This agreement allows Traveloka to provide reliable and secure payment

services for its customers through web and mobile channels.

Through this partnership, Traveloka will be able to utilize CyberSource's

payment gateway services to process web and mobile payments from multiple

issuers. To secure the checkout process, Traveloka will also deploy CyberSource

Payment Tokenization, which replaces sensitive payment data with a unique

identifier or token that cannot be mathematically reversed. The actual payment

data is securely stored in CyberSource data centers, which are operated by

Visa. Together with CyberSource Decision Manager, which features the World's

Largest Fraud Detection Radar, these solutions will help Traveloka to process a

wider spectrum of payment methods in a fast and secure manner.

Since the launch of Traveloka in 2012, the company has grown from a flight

metasearch engine to become the leader in Indonesia's OTA market. The company

provides vast selections of competitive hotel rates and tickets for domestic

and international flights. It was essential for Traveloka to streamline and

simplify its business operations to focus on more strategic business objectives

and maintain its competitive advantage.

"As a leader in an emerging online travel market such as Indonesia, we believe

that delivering a top-notch, end-to-end experience to our customers is

instrumental to our growth. Our customer's payment journey is a key component

of this experience and we are delighted to partner with CyberSource, a trusted

and established name in the payment management space. CyberSource solutions

will enable us to deliver a faster and more convenient booking experience for

our customers securely, especially with the TravelokaQuick

(http://press.traveloka.com/traveloka-launched-travelokaquick/) feature on our

mobile app and web channel," said Samsu Sempena, Head of Commerce, Traveloka.

"Online travel sales in Indonesia is gaining momentum as Internet penetration

grows and consumers increasingly shift to online transactions for

convenience[1]. In addition, mobile transactions have boomed as the number of

mobile phones equipped with data plans increases[2]. CyberSource recognizes

that Indonesia's thriving online travel market has immense growth potential. We

are delighted to work with Traveloka to realize its goals, by providing a

hassle-free, end-to-end, online payment experience which enhances customer

experience and promotes customer loyalty," said Chew Ann Wee, Senior Regional

Director, Southeast Asia, CyberSource.

About CyberSource

CyberSource, a wholly-owned subsidiary of Visa Inc., is a payment management

company. Over 400,000 businesses worldwide use CyberSource

(http://www.cybersource.com/asiapacific) and

Authorize.Net(http://www.authorize.net/) brand solutions to process online

payments, streamline fraud management, and simplify payment security. The

company is headquartered in Foster City, California and maintains offices

throughout the world, with regional headquarters in Singapore, Tokyo, Miami /

Sao Paulo and Reading, U.K. CyberSource operates in Europe under agreement with

Visa Europe. For more information, please visit

http://www.cybersource.com/asiapacific.

About Traveloka

Traveloka is one of Southeast Asia's fastest-growing tech company that provides

online booking service for flights and hotels, headquartered in Jakarta,

Indonesia. The company was founded by three Indonesian technology information

practitioners with years of work experience at tech companies in Silicon

Valley. The company has established partnerships with 33 airlines serving more

than 18,000 different routes in Asia Pacific. Traveloka also has listed more

than thousands of hotels all over South East Asia, Japan, Hong Kong, and South

Korea. For more information about Traveloka, please visit

http://press.traveloka.com/.

Media contact:

Felicia Ang

Ying Communications

+65-9113-9636

felicia.ang@yingcomms.com

[1] Euromonitor International,Travel and Tourism in Indonesia, September 2014

[2] Euromonitor International,Travel and Tourism in Indonesia, September 2014

SOURCE  CyberSource