CyberSource
Cybersource is an E-commerce credit card payment system management company. Customers process online payments, streamline online fraud management, and simplify payment security.
| Type | Payment Management Platform |
|---|---|
| Industry | Technology |
| Fate | Acquired by Visa Inc. |
| Founded | 1994  |
| Headquarters | , United States |
| Parent | Visa Inc. |
As of December 2016, Cybersource provides online payment management solutions to over 400,000 merchants globally across multiple industries. One single connection to Cybersource can enable merchant to conduct global business without merchant having to integrate to local payment providers/methods one by one, which largely improves merchant's go-to-market speed. Meanwhile, with Cybersource's Decision Manager, world's largest fraud detection radar, merchant can combat fraud effectively. Offering secure and Express Checkout experience is also one of Cybersource's core capabilities by having developed hosted payment page and Tokenization technology. In addition to normal direct card payment, popular and innovative payment methods are also supported on Cybersource, such as Visa Checkout (Cybersource is Visa Inc.'s wholly owned subsidiary since 2010), Apple Pay, Alipay, etc.
History
Founded in 1994, Cybersource provides online payment and fraud management services for medium and large-sized merchants. Cybersource acquired the U.S. small business payment services provider, Authorize.Net, in November 2007 for $565 million.[1]
On April 22, 2010, Visa Inc agreed to acquire Cybersource for about $2 billion.[2][3]
See also
- List of on-line payment service providers
References
- "Cybersource to Buy Authorize.Net in $565M Deal". eWeek. 2007-06-19. Retrieved 2007-06-19.
- "Visa seeks online growth with Cybersource". Reuters. 2010-04-21.
- Martin, Andrew (2010-04-21). "Visa Buys Cybersource for $2 Billion". The New York Times. ISSN 0362-4331. Retrieved 2020-04-17.