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CyberSource Provides Online Payment Services in Close to 200 Countries to Around 400,000 Organizations
CyberSource is an online payment management company based in the USA operating as a fully owned subsidiary of Visa, Inc., which acquired CyberSource in 2010 for approximately USD 2 billion. The company offers payment services in close to 200 countries and territories to around 400,000 organizations. The payment solutions are tailored to companies of various sizes in diverse sectors, such as retail, manufacturing, travel, insurance, e-government, and digital goods. Small businesses are served through CyberSource’s subsidiary Authorize.Net.
The number of billable transactions processed by CyberSource has grown at double-digit rates in the past two years and was counted in billions. The company also expanded through a number of partnerships. For example, in June 2015, it cooperated with terminal payment provider Verifone to enable POS payment processing and offer an omni-channel payment solution. Also in 2015, CyberSource entered a basic agreement on strategic partnership with Asia-based mobile messaging app LINE to facilitate the global expansion of its mobile payment offering LINE Pay.
CyberSource offers online payment gateway and payment processing services in cooperation with around 100 acquirers and processors worldwide. The payment methods offered include universal and regional payment cards, direct debits and bank transfers, as well as digital wallets and payment services, such as Apple Pay, AliPay, PayPal, PayEase and Visa Checkout.
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