Asia Commercial Bank (ACB), a private bank in Vietnam, has selected CyberSource to enhance its capabilities in processing both local and global online payments.
According to a 2012 report by the Ministry of Industry and Trade of Vietnam, the country's total e-commerce sales was at US$700 million by the end of 2012 and it is expected to reach US$1.3 billion by 2015.
To tap on this potential, ACB will deploy CyberSource's global payment gateway solution as well as fraud management tool, Decision Manager, to expand the range of payment services available to its e-commerce merchant customers.
"CyberSource's solutions will enable us to process payments more securely and effectively for our customers, helping us establish our market leadership in the growing e-commerce market in Vietnam," said Quang Khanh, Bankcard Centre director at ACB.
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