CyberSource(R) Expands Presence in UK With Direct Link to Barclaycard Merchant Services
Secure Payment Gateway Allows Businesses to Take Advantage of Growing Online
Transaction Volumes
LONDON and MOUNTAIN VIEW, Calif., Oct. 2 --
CyberSource Corporation (Nasdaq: CYBS), a leading provider of risk management
and electronic payment solutions for enterprise businesses, today announced it
has established a secure payment processing gateway with Barclaycard Merchant
Services (BMS), one of Europe`s largest acquirers and processors of card
transactions. CyberSource worked directly with Barclaycard Merchant Services
to establish a new gateway providing payment processing capabilities
specifically for "credit-card-not-present" (CNP) sales channels, such as
online stores and call centers.
This gateway extends payment solution options for merchants by allowing
them to quickly and securely accept card payments and process transactions
through BMS without having to develop, integrate and maintain their own costly
payment infrastructures or bank connections.
In addition to extending payment processing options for UK-based customers
of BMS, this gateway will allow other global businesses to accept electronic
payments and access CyberSource services to process those transactions through
BMS in Europe.
"This relationship with CyberSource will provide our customers with a
simplified solution to establish a reliable and scalable connection for
securely processing CNP transactions," commented Tony Slater, Commercial
Director at Barclaycard Merchant Services. "This will be especially valuable
as we head into the holiday shopping season and our customers are keen to take
advantage of the anticipated growth in eCommerce."
Neil Cook, Managing Director of the CyberSource UK office, stated, "This
direct link is an integral part of our strategy to service the needs of both
European merchants and other global businesses that wish to sell online and
via call centers worldwide using the acquiring services of Barclaycard
Merchant Services."
He added, "The relationship with Barclaycard Merchant Services
demonstrates CyberSource`s strength in this market as a leading global
electronic payment solutions provider."
About Barclaycard Merchant Services
Barclaycard Merchant Services is one of Europe`s largest acquirers and
processors of plastic card transactions. It is dedicated to providing a range
of e-commerce solutions to suit all types of business and was the first bank
to launch an Internet payment system, ePDQ. In 2000, 1.2 billion purchases
were made with credit and debit cards in the 131,000 outlets belonging to
Barclaycard Merchant Services` customers in the UK. Barclaycard Merchant
Services operates the largest on-line, real time bank owned EFTPOS (Electronic
Funds Transfer at the Point of Sale) system in the UK with a PDQ terminal base
of over 123,000. For further information please contact the Barclaycard Press
Office on 01604 251229.
About CyberSource
CyberSource Corporation is a leading provider of risk management and
electronic payment solutions for enterprise businesses selling via multiple
sales channels. CyberSource solutions manage transaction risk and enable
electronic payment processing for Web, call center/IVR, and POS environments.
CyberSource professional services designs, integrates and optimizes
enterprise-wide commerce transaction systems. Over 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 facilities in Japan, the United Kingdom, and other locations
in the United States. For more information, please visit CyberSource`s web
site at http://www.cybersource.com or email info@cybersource.com.
NOTE: 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.
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CONTACT:
Jennifer Jennings of CyberSource Corporation
+1-650-965-6042
jjennings@cybersource.com
or
Liz Haas of Atomic tech PR
+1-415-703-9454
liz@atomicpr.com
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