2008 ETA Annual Meeting & Expo, LAS VEGAS, NEV. - April 15, 2008 -CyberSource Corporation (NASDAQ: CYBS) today announced the upcoming release of a new Merchant Boarding Application Programming Interface (API) from its Authorize.Net small business solution. The Merchant Boarding API allows resellers to more simply and efficiently enroll (“provision”) merchants onto the Authorize.Net system. Resellers no longer have to manually re-enter new merchant data into the Authorize.Net merchant boarding system. Instead, the API automatically passes the data from the reseller’s merchant system to Authorize.Net. Redundant data entry is eliminated, saving resellers time and money. If the reseller has a Web application that allows the merchants to self-provision, the entire merchant account and payment gateway setup process can be fully automated, saving even more time and effort. The merchant’s information is automatically entered into both reseller and Authorize.Net systems simultaneously.
"This is just another way that resellers can leverage Authorize.Net to become more efficient," stated Roy Banks, Authorize.Net president. "Our goal is to continue to develop innovative solutions like the Merchant Boarding API that simplify processes and allow our resellers to do what they do best – sell to and service their merchants. We hope all of our resellers will take advantage of this opportunity to automate their merchant provisioning processes with the new API.”
Stephen Goodrich, president, e-onlinedata, Inc. said "We’ve been an Authorize.Net reseller for six years and during that time we’ve seen our business with Authorize.Net grow significantly. However, as the business grew we had to dedicate substantial time and employee resources to assist with the merchant provisioning process. Authorize.Net’s new Merchant Boarding API will greatly simplify this process, and save us time and money as well. It’s great to see that Authorize.Net’s commitment to its resellers remains steadfast.”
The Merchant Boarding Application Programming Interface is scheduled to be released in May 2008.
CyberSource Corporation is a leading provider of electronic payment and risk management solutions. CyberSource solutions enable electronic payment processing for Web, call center, and POS environments. CyberSource also offers industry leading risk management solutions for merchants accepting card-not-present transactions. CyberSource Professional Services designs, integrates, and optimizes commerce transaction processing systems. Approximately 228,000 businesses use CyberSource solutions, 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 including Bellevue, Washington and American Fork, Utah. For more information on CyberSource please visit www.cybersource.com or email firstname.lastname@example.org. For more information on Authorize.Net small business solutions, please visit www.authorize.net or email email@example.com.
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995
Statements in this release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including, without limitation, statements regarding the company`s expectations, objectives, anticipations, plans, hopes, beliefs, intentions or strategies regarding the future. Forward-looking statements in this release include, without limitation, statements regarding: (1) Authorize.Net continuing to develop innovative solutions; (2) growth in the business of Authorize.Net resellers; and, (3) the release date for the Merchant Boarding Application Programming Interface. Factors that could cause actual results to differ materially from the forward looking statements include risks and uncertainties such as changes in customer needs, the risk of the economy, in general, and online economy, in particular, slowing down, new products and services offerings by the company and its competitors, any unforeseen event or any unforeseen system failures, and other risks indicated in our filings with the Securities and Exchange Commission. It is important to note that actual outcomes could differ materially from those in such forward-looking statements. Readers should also refer to the documents filed by CyberSource with the Securities and Exchange Commission, specifically the annual report filed on Form 10-K for the year ended December 31, 2007, filed with the Securities and Exchange Commission on March 11, 2008, and our quarterly reports filed on Form 10-Q from time to time, all of which identify important risk factors.
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Contact: Bruce Frymire
Director, Corporate Communications
Office (650) 965-6042