CyberSource Announces Renewed Agreement With Facebook

SAN FRANCISCO--(BUSINESS WIRE)--CyberSource, a Visa company (NYSE: V), today announced that Facebook has extended its agreement to use the CyberSource Payment Management Platform for credit and debit card payments. The new agreement extends an existing worldwide relationship.

“Enabling businesses like Facebook to reach more customers faster, while providing consumers a superior payment experience is of the utmost importance to CyberSource. We provide the environment in which purchases can be made more often—in a secure, reliable, and convenient manner—benefiting merchants and consumers alike.”

“We are delighted to renew our service agreement with Facebook,” said Michael Walsh, CyberSource CEO. “Enabling businesses like Facebook to reach more customers faster, while providing consumers a superior payment experience is of the utmost importance to CyberSource. We provide the environment in which purchases can be made more often—in a secure, reliable, and convenient manner—benefiting merchants and consumers alike.”

About CyberSource

CyberSource Corporation, a wholly owned subsidiary of Visa Inc., is a payment management company. Over 390,000 businesses worldwide use CyberSource and Authorize.Net brand solutions to process online payments, streamline fraud management, and simplify payment security. The company is headquartered in San Francisco and maintains offices throughout the world, with regional headquarters in Singapore (Asia Pacific); Tokyo (Japan), Miami/Sao Paulo (Latin America and the Caribbean), and Reading, U.K. (Europe/Middle East/Africa). CyberSource operates in Europe under agreement with Visa Europe. For more information, please visit www.cybersource.com.