The National Bank of Abu Dhabi (NBAD) has selected CyberSource, a wholly-owned subsidiary of Visa, to provide secure online payment acceptance capabilities to its merchant clients in the UAE.
CyberSource claims that its solution will assist NBAD’s UAE merchants to reduce fraudulent transactions by allowing genuine orders to pass through.
According to CyberSource, the device optimized solutions will eliminate the need for merchants to develop separate mobile apps for online transactions, simplifying their evolution from brick and mortar to eCommerce.
NBAD director of card, Naveet Dave, said: "NBAD is committed to provide its merchant clients the best possible method in navigating through the complexities of a fast-evolving payments landscape.
"We chose CyberSource for its customer-centric approach and because its technology improves merchants’ payment management experience."
CyberSource business development head for Middle East, Gups Jutla, said: "To minimize fraud losses, you need to reduce the number of fraudulent transactions going through your systems while allowing genuine orders to pass through quickly and easily.
"CyberSource Fraud Management includes Decision Manager, featuring the World’s Largest Fraud Detection Radar that protects your business and allows you to maximize revenue, while keeping your operational costs low."