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CyberSource® Expands Its Presence in the U.K. With Direct Link to FDR Limited
Mountain View, Calif., and London June 6, 2000
CyberSource Corporation (Nasdaq: CYBS), a leading provider of mission-critical eCommerce transaction services, today announced it has established connectivity to FDR Limited (FDRL), a U.K. subsidiary of First Data Corporation and Europe's leading independent credit card processor, further expanding CyberSource's global Internet payment solutions in the United Kingdom.
The new connection enables FDRL's clients to offer eCommerce transaction services to businesses selling online. Through the CyberSource gateway, businesses selling online will have access to the CyberSource Internet Commerce Suite™, a full suite of back-end eCommerce transaction services designed to help them successfully sell online and integrate with FDRL for credit card processing. The comprehensive suite includes payment processing, fraud screening, sales tax calculation, gift certificate and promotional services and distribution control.
Establishing payment gateways globally is an integral part of CyberSource's strategy to perpetuate Internet commerce by supporting the global needs of businesses as they come online. CyberSource payment solutions provide online businesses with a reliable and cost-effective option for accepting credit card payments. The utility and simplicity of this end-to-end payment solution is ideal for both multi-national enterprises with European operations as well as European-based businesses.
"Our goal is to make it simple, reliable and secure for online businesses in any geographic region to engage in global eCommerce," said Steve Klebe, vice president of payment industry alliances for CyberSource. "This new European initiative expands on CyberSource's long-standing relationship with First Data. Our objective is to forge a relationship in the U.K. to enable millions of eCommerce transactions every month."
CyberSource provides an outsourced suite of eCommerce transaction services available on an "a la carte," "pay as you grow" basis. Businesses of all types can easily implement the company's back-end eCommerce transaction services and avoid major investments in software and staffing. The CyberSource Internet Commerce SuiteSM includes: Credit Card Services, Electronic Check Services, Gift Certificate and Promotional Services, Internet Fraud Screen enhanced by Visa, Fulfillment Messaging, Delivery Address Verification, Digital Delivery, Digital Warehousing, Policy Compliance, and Export Compliance.
Editorial Contact:
Bruce Frymire
CyberSource Corporation
650.965.6042
bfrymire@cybersource.com
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