Cybersource is an American payment gateway founded in 1994. Headquartered in Foster City, California, the company offers a suite of services for online payment processing, e-commerce payment processing, fraud management, and payment security services for merchants and financial institutions. In November 2007, Cybersource acquired the U.S. small business payment services provider Authorize.net for $565 million.[1] In July 2010, it was acquired by Visa Inc. for approximately US$2 billion, becoming a wholly owned subsidiary.[2][3]
History
CyberSource was founded in 1994 by William S. McKiernan.[4] The company was created to provide online payment and fraud management services for medium and large-sized merchants. It initially launched software.net, an online software store, and built the payment infrastructure for its own e-commerce operations.[4]