Cybersource is a

payment service provider A payment service provider (PSP) is a third-party company that assists businesses to accept electronic payments, such as credit cards and debit cards payments. PSPs act as intermediaries between those who make payments, i.e. consumers, and thos ...

founded in 1994. In November 2007, Cybersource acquired the U.S. small business payment services provider

Authorize.Net Authorize.Net, A Visa Solution is a United States-based payment gateway service provider, allowing merchants to accept credit card and electronic check payments through their website and over an Internet Protocol (IP) connection. Founded in 1996 ...

for $565 million. On April 22, 2010,

Visa Inc. Visa Inc. (; stylized as ''VISA'') is an American multinational financial services corporation headquartered in San Francisco, California. It facilitates electronic funds transfers throughout the world, most commonly through Visa-branded cred ...

acquired Cybersource for $2 billion.{{Cite news, last=Martin, first=Andrew, url=https://www.nytimes.com/2010/04/22/business/22visa.html, title=Visa Buys Cybersource for $2 Billion, date=2010-04-21, work=The New York Times, access-date=2020-04-17, language=en-US, issn=0362-4331

References

Companies based in Foster City, California Visa acquisitions American companies established in 1994 Financial services companies established in 1994 1994 establishments in California 2010 mergers and acquisitions Payment service providers Online payments Internet fraud

See also

References