Card Briefs: 1st Data Banks to Offer Cybersource Software

Cybersource Corp. said its electronic commerce and related transaction processing services will be marketed through banks served by First Data Corp.'s merchant services division.

The companies said they are going beyond a simple on-line payment processing service to create "an end-to-end suite of turnkey Internet payment solutions," including protection from fraud and export risks, third-party fulfillment notification, and sales tax calculation.

First Data's merchant bank alliances and other bank clients "can now provide their merchants with the option of a comprehensive bundle of payment solutions from a leading electronic commerce vendor with a direct line into First Data Merchant Services-everything they need to successfully accept payments on the Internet," said Carolyn Brackett, vice president of Internet commerce at FDMS.

"Serious Web merchants need a robust on-line commerce infrastructure," said Cybersource vice president Steve Klebe, "and this is now available from FDMS, the country's leading credit card processor for merchant banks."

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER