MOUNTAIN VIEW, Calif., February 4, 2004
CyberSource Corporation (NASDAQ: CYBS), has been named to provide electronic payment solutions for Midland, Texas-based Trafficpayment.com. CyberSource's Professional Services group designed and implemented the payment infrastructure for the firm, and the company will be hosting Trafficpayment's online payments.
Trafficpayment.com offers an innovative solution to universities, colleges, municipalities, airports and other organizations that derive revenue from traffic and parking citations--an online payment service that lets institutions see the financial benefit of tickets without incurring attendant administrative costs. People paying tickets no longer need to deal with checks, stamps, or waiting in line. They merely log on to Trafficpayment.com, enter specific information about their citation, and pay the fine with a credit card.
Solutions provided by CyberSource are online payment (allowing payment of citations online via credit card) and electronic checks (allowing Trafficpayment to remit funds to its customers, universities and other institutions).
"CyberSource was a complete solution for us," said Matt Withrow, president of Trafficpayment.com. "They provided a secure and sophisticated payment system, but they also served as principal architects in our whole payment infrastructure, front and back ends. They've been a true one-stop shop for us and we're delighted to be working with them."
"Trafficpayment.com is an example of a creative internet application that has tremendous upside potential," said George Jathas, senior vice president, worldwide sales of Cybersource. "They needed precisely what we offer-a single source for comprehensive payment solutions, in this case including our Professional Services team. Helping a company from the ground up in payment gives us special gratification."
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About Trafficpayment.com
TrafficPayment.com specializes in accepting fast, secure, and reliable online payment of traffic and parking citations for any institution including universities, colleges, municipalities, and airports. In order to make online citation payment more beneficial for all institutions the TrafficPayment.com solution can be integrated into any information management software. This allows institutions to provide an online payment system while staying within a strict budget. TrafficPayment.com is a Texas Limited Liability Company and is headquartered in Midland, Texas. For more information, visit TrafficPayment.com's web site at www.trafficpayment.com or toll-free 1-800-444-1187.
