Alipay, a China-based online payment services subsidiary of Alibaba, has extended its partnership with CyberSource Corporation to prevent growing threats in online payment fraud.
The alliance with CyberSource will allow Alipay to improve fraud management practises across the entire e-commerce portfolio of Alibaba.
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In 2010, Alipay integrated its existing in-house fraud-management system with CyberSource’s fraud-detection system Decision Manager to maintain low fraud rates for its cross-border business-to-consumer online business.
Alipay senior director, Tu Jianwei, said that the extension of the partnership will allow Alibaba and Alipay achieve their aims of global expansion.
"The implementation of CyberSource Decision Manager and Managed Risk Services allows us to better understand best practices in global risk management and build an efficient system for our extensive user base," Jianwei added.
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