The companies have reached an agreement to this effect.
As per the agreed terms, Line Thailand’s mobile payment service Line Pay will utilize CyberSource’s fraud management and payment tokenization solutions, thus allowing Line Thailand users to make secure and efficient mobile payments.
CyberSource’s fraud management tool, Decision Manager, with the world’s largest fraud detection radar will help Line Pay to pinpoint fraud faster and accurately with less manual intervention.
Additionally, CyberSource Merchant Payment Tokenization will be used to protect customer payment data. It replaces sensitive account data with a unique identifier token and stores the data on CyberSource’s secure servers that are away from the merchant environment.
Line Thailand’s acquirer and Thailand’s fifth largest bank Krungsri will be able to process mobile payments from multiple card brands and issuers, as well as certain alternative payment methods through CyberSource’s global payment gateway.
Commenting on the partnership, Line Thailand Line Pay business development Prapakorn Lipikorn said: "By integrating CyberSource’s global payment gateway, fraud management and tokenization solutions into our mobile payment service, our affiliated merchants will be able to simplify and secure their checkout process without the inconvenience of loading a new app.
"This partnership is a key component in our strategy to cater to an ever-growing user base in Southeast Asia. We are able to streamline payment acceptance and create new growth opportunities for our merchants, while providing our users with a fuss-free mobile payment option."
