Global Tax Calculation
Global tax compliance is a crucial aspect of running a successful business in today's interconnected world. CyberSource's Global Tax Calculation service simplifies this complex process by providing real-time tax calculation, ensuring that your customers can quickly checkout with the correct tax amount applied for their specific location. This service covers a wide range of tax jurisdictions both in the U.S. and internationally, including sales, use, and Value Added Tax (VAT). By calculating taxes at the line-item level and accommodating maximum tax rates, product-based rules, and exemptions, CyberSource's solution offers accuracy and efficiency. Moreover, as a hosted service, no specialized software is required, making it a seamless addition to your business operations.
Recurring Billing
With CyberSource's Recurring Billing solution, businesses can manage subscription and installment payments securely and efficiently. This service supports various payment methods and currencies, allowing you to accept recurring payments from customers worldwide. By storing sensitive payment data in PCI DSS compliant data centers, CyberSource reduces the risks associated with data storage and ensures the safety of customer information. The ability to configure renewal and cancellation rules, customize payment notifications, and utilize an optional Account Updater service for automatic card information updates makes managing recurring payments hassle-free. This solution not only streamlines the billing process but also enhances customer satisfaction by providing a seamless payment experience.
Account Updater
Maintaining accurate and up-to-date customer card data is essential for businesses to prevent declined payments and retain customer loyalty. CyberSource's Account Updater service automates the process of updating cardholder information behind the scenes, reducing manual efforts and ensuring consistent revenue flow. By automatically handling common account changes such as expiration dates, account closures, and card number updates, this service minimizes friction at checkout and improves customer relationships. Seamless integration with CyberSource's payments platform and tokenization solution further enhances the efficiency of managing card-on-file portfolios. For merchants, acquirers, and customers alike, Account Updater is a valuable tool that contributes to a smooth payment experience.