OnePlus leverages CyberSource solutions to expand payment options for users around the world

OnePlus leverages CyberSource solutions to expand payment
options for users around the world

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

Singapore – 19 January 2017 – 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.”