CyberSource Corporation (NASDAQ: CYBS) is a leading provider of electronic payment and risk management solutions to merchants that process orders for goods and services over the Internet. CyberSource partners with and connect to a large network of payment processors and other payment service providers to offer merchants a single source solution that simplifies ePayment Management. CyberSource's payment solutions allow eCommerce merchants to accept a wide range of online payment options, from credit cards and electronic checks, to global payment options and emerging payment types. CyberSource also offers industry leading risk management solutions to help online merchants address complexities such as credit card fraud, online tax requirements, and export controls. CyberSource Professional Services help to design, integrate, and optimize commerce transaction processing systems for merchants.
In 2008, CyberSource processed approximately 1.9 billion transactions, a 54% increase over 2007. The dollar value of all credit card authorization requests that CyberSource processed in 2008 exceeded $109 billion. For 2008, CyberSource's total revenue was $229 million compared to $117 million for the prior year, an increase of 96%.
How many customers does CyberSource have?
Approximately 284,000 businesses use CyberSource solutions, including half the companies comprising the Dow Jones Industrial Average. This group includes British Airways, Christian Dior, Condé Nast, Eastman Kodak, Gucci Group, Harvard Business School, Home Depot, Louis Vuitton, Nike.com, Vonage, and Yahoo!.
When did CyberSource go public?
CyberSource went public on June 24, 1999. The IPO was for 4.6 million shares at $ 11.00 per share
On the Nasdaq Global Market under the trading symbol CYBS.
How do I contact CyberSource Investor Relations?
You can reach CyberSource Investor Relations via email at ir@cybersource.com or by phone at 650-965-6000.
When did CyberSource acquire Authorize.Net?
On November 1, 2007, CyberSource completed the acquisition of Authorize.Net, a leading provider of payment solutions for small to medium sized businesses. The acquisition joins two highly complementary businesses, positioning CyberSource to further capitalize on the growing Web-based payment opportunity. CyberSource first announced an agreement to acquire Authorize.Net Holdings on June 18, 2007. The acquisition was a stock and cash transaction valued at approximately $662 million, based on the closing price of CyberSource common stock on October 31, 2007.
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