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CyberSource vs. First Data

August 25, 2022

CyberSource vs. First Data: A Battle of the Payment Processing Titans

Picking a payment processing solution can be challenging. The market is flooded with many options, and the process can be overwhelming. Luckily, we’ve compiled this unbiased comparison of two of the biggest names in the industry, CyberSource and First Data, to help you make a well-informed decision.

Features

Both CyberSource and First Data offer a range of features designed to optimize both online and offline payment processing.

CyberSource

CyberSource provides users with advanced fraud management capabilities, including AI-powered fraud detection and a rule-based system. CyberSource also offers a seamless integration process, supporting over 120 different payment methods, and various programming languages.

First Data

First Data, on the other hand, offers features like transaction reporting, reconciliation tools, and chargeback management all in one place. First Data also provides flexible options for accepting payments via mobile devices, and customized pricing options catered to each business's unique needs.

Pricing

Pricing can be a significant consideration for businesses, regardless of their size. Here is a comparison of the pricing options between these two payment processing giants.

CyberSource

CyberSource offers three pricing plans tailored to accommodate the different needs of businesses. The pricing is based on a monthly subscription with additional fees charged per transaction. The fees vary depending on the plan selected, with the starter plan starting at $0/month, a mid-tier plan at $199/month, and an enterprise-level plan that requires businesses to get in touch with customer support.

First Data

First Data's pricing structure is more customizable, with costs based on the level of service required by the business. Payment processing fees are charged per transaction and are dependent on the type of business you run, your transaction volume, and your desired level of service. For more information, interested parties can contact the First Data sales team directly.

Verdict

The choice between CyberSource and First Data comes down to what you need for your business. If AI-powered fraud detection and seamless integration capabilities are at the top of your list, then CyberSource is the way to go. However, if you're looking for a customizable pricing scheme and chargeback management tools offered in one platform, First Data is the clear winner.

At the end of the day, regardless of which solution you choose, you can rest assured that you’ve made a fully informed decision.

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