CyberSource Corporation - CYBS- Profile

CyberSource Corporation. The Group's principal activity is to provide secure electronic payment and risk management solutions to organizations that process orders for goods and services over the Internet. It operates in three segments: Commerce Transaction Services and Support, Professional Services and Enterprise software. The 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. The risk and compliance management tools address complexities common to online merchants such as credit card fraud, online tax requirements and export controls. The reporting and management tools facilitate the automation of the flow of complex eCommerce processes, such as recurring billing and payment reconciliation. It operates in the United States and the United Kingdom. On 07-Mar-2006, the Group acquired BidPay.com, Inc. Commerce Transaction Services accounted for 90% of 2006 revenues; Professional Services, 6% and Enterprise software, 4%