Cybersource
Encyclopedia
CyberSource is a provider of electronic payment
and risk management
services. CyberSource solutions enable electronic payment processing for Web
, call centre, and POS
environments. CyberSource also offers industry risk management services for merchants accepting card-not-present transactions. CyberSource Professional Services designs, integrates, and optimises commerce transaction processing system
s.
About 25%, or over 20,000 businesses use CyberSource, including half the companies comprising the Dow Jones Industrial Average
. The company is headquartered in Mountain View, California
, and has sales and service offices in Japan, the United Kingdom, and other locations in the United States.
In November 2007 Cybersource purchased Authorize.Net
for $565 million.
On April 22, 2010 Visa Inc agreed to acquire Cybersource for about USD 2 billion.
Electronic money
Electronic money is money or scrip that is only exchanged electronically. Typically, this involves the use of computer networks, the internet and digital stored value systems...
and risk management
Risk management
Risk management is the identification, assessment, and prioritization of risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities...
services. CyberSource solutions enable electronic payment processing for Web
Electronic commerce
Electronic commerce, commonly known as e-commerce, eCommerce or e-comm, refers to the buying and selling of products or services over electronic systems such as the Internet and other computer networks. However, the term may refer to more than just buying and selling products online...
, call centre, and POS
EFTPOS
EFTPOS is the general term used for debit card based systems used for processing transactions through terminals at points of sale. In Australia and New Zealand it is also the brand name of the specific system used for such payments...
environments. CyberSource also offers industry risk management services for merchants accepting card-not-present transactions. CyberSource Professional Services designs, integrates, and optimises commerce transaction processing system
Transaction Processing System
A transaction processing system is a type of information system. TPSs collect, store, modify, and retrieve the transactions of an organization. A transaction is an event that generates or modifies data that is eventually stored in an information system. To be considered a transaction processing...
s.
About 25%, or over 20,000 businesses use CyberSource, including half the companies comprising the Dow Jones Industrial Average
Dow Jones Industrial Average
The Dow Jones Industrial Average , also called the Industrial Average, the Dow Jones, the Dow 30, or simply the Dow, is a stock market index, and one of several indices created by Wall Street Journal editor and Dow Jones & Company co-founder Charles Dow...
. The company is headquartered in Mountain View, California
Mountain View, California
-Downtown:Mountain View has a pedestrian-friendly downtown centered on Castro Street. The downtown area consists of the seven blocks of Castro Street from the Downtown Mountain View Station transit center in the north to the intersection with El Camino Real in the south...
, and has sales and service offices in Japan, the United Kingdom, and other locations in the United States.
In November 2007 Cybersource purchased Authorize.Net
Authorize.Net
Authorize.Net is a payment gateway service provider allowing merchants to accept credit card and electronic checks payments through their Web site and over an IP connection...
for $565 million.
On April 22, 2010 Visa Inc agreed to acquire Cybersource for about USD 2 billion.