CyberSource Makes Web Services a Reality for Payment Transactions
MOUNTAIN VIEW, Calif. – June 2, 2003 – CyberSource Corporation (NASDAQ: CYBS), a leading provider of electronic payment and risk management solutions, today announced the availability of the first payment solution based on web services architecture, including payment-grade transaction security. The innovation will allow CyberSource customers and partners to more easily access and integrate the full spectrum of CyberSource payment and risk management services across transaction and administrative systems.
“This is a much-needed innovation in the payment arena,” said Robert Ford, CyberSource’s chief technology officer. “Right now, large merchants need to add payment options that work across disparate legacy applications. Resellers need a standard interface to automatically enroll thousands of smaller merchants using their existing business systems and processes. The obstacle to doing either of these easily has been the complexity of integrating functionality across multiple operating systems and multiple programming languages and the lack of true payment-grade transaction security in current XML solutions. Web Services standards permit easy access to our hosted services from virtually all legacy applications, and the security we have incorporated makes it truly viable to implement payment services.” Today’s announcement features a suite of interfaces based on the Web Services standards of SOAP, XML, and WS Security.
These standard interfaces will support the full array of merchant and partner payment solution needs:
§ Payment Transaction Interface, for accessing CyberSource payment, fraud,
and compliance management services over a network. The initial release includes a .NET client for Microsoft environments (available now) and Java client for UNIX environments (scheduled to be released later this month).
§ Registration Interface, for use by resellers to automatically register
merchants for payment services and manage their accounts.
This initial release provides the ability to create CyberSource accounts. The goal of this faster, easier integration of services is to increase merchants’ revenue capture, and to reduce the overall cost and complexity of payment operations. CyberSource’s technology and business partners will also benefit by easier access to the full range of CyberSource products and services.
First in its field
CyberSource is the first payment services provider to offer the full spectrum of web services compliant clients. These clients support the SOAP communications protocol, XML document format, and WS Security data signature specifications to provide the level of security required for payment transactions. With CyberSource support of Web Services standards, including transaction security, developers can more quickly implement payment functionality. By accessing the CyberSource Web Services Development Language from a CyberSource or a UDDI resource, developers will be able to enable payment functionality via most major toolkits that support SOAP, such as Microsoft’s Visual Studio.net, Apache Project’s Axis, and any of the IBM developer kits, such as Emerging Technologies Toolkit.
Contact:
Bruce Frymire
Director, Corporate Communications
(650) 965-6042 or bfrymire@Cybersource.com
About CyberSource
CyberSource Corporation is a leading provider of electronic payment and risk management solutions. CyberSource solutions enable electronic payment processing for Web, call center/IVR, and POS environments and manage transaction risk associated with card-not-present transactions. CyberSource Professional Services designs, integrates, and optimizes enterprise-wide commerce transaction systems. Approximately 3,000 businesses use CyberSource solutions, including over half of the Dow Jones Industrial companies. 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. For more information, please visit CyberSource’s web site at www.cybersource.com or email info@cybersource.com.
Copyright 2003 CyberSource Corporation. All rights reserved. CyberSource is a registered trademark in the U.S. and other countries. All other brands and product names are trademarks or registered trademarks of their respective companies.
"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, including any statements regarding beliefs, plans, estimates, projections, expectations, goals or intentions regarding the future. Forward-looking statements in this release include statements
regarding: (1) resellers enrolling thousands of small merchants, and (2) the faster integration increasing merchants’ revenue capture. Factors that could cause actual results to differ materially from the forward looking statements include risks and uncertainties such as any unforeseen event or any unforeseen technical difficulties related to the Internet as a whole or to the CyberSource services in particular, the development by competitors of similar products and services using web services architecture, general economic conditions, 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, 2002, filed with the Securities and Exchange Commission on March 26, 2003, and our quarterly reports filed on Form 10-Q from time to time, all of which identify important risk factors.
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