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Authorize.net tops 200,000 merchant customer mark |
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CyberSource Corporation says that its
Authorize.Net solution has achieved another merchant milestone, surpassing
200,000 active merchants on that payment service. This milestone closely
follows Authorize.Net's November 1, 2007 merger with CyberSource. With the
merger, CyberSource is now one of the industry's largest providers of payment
management solutions, with more than 220,000 merchants.
Authorize.Net is the small
business solution for CyberSource, catering primarily to merchants that
process less than $3 million annually in card volume. Founded in 1996,
Authorize.Net has seen dramatic growth in its merchant base over the past few
years. While it took approximately eight years for the company to surpass
100,000 active merchants, achieving that milestone in August 2004, it took only
slightly more than three additional years to double that number.
"Authorize.Net owes much of its success to its partners
and employees," stated Roy Banks, Authorize.Net president. "Our
partners, particularly our resellers, have been loyal and dedicated in selling
our products and services. They are an important part of our business and instrumental to the success we have enjoyed.
We remain committed to serving them and helping them meet the payment
management needs of their merchant customers. It is also important to credit
the hard work and dedication of our employees. This is a tremendous achievement
that has been accomplished through their combined efforts."
About CyberSource
CyberSource Corporation is a leading provider of electronic
payment and risk management solutions. CyberSource solutions enable
electronic payment processing for Web, call center, and POS environments. CyberSource also offers industry leading risk management solutions for
merchants accepting card-not-present transactions. CyberSource Professional
Services designs, integrates, and optimizes commerce transaction processing
systems. More than 220,000 businesses use CyberSource solutions, including half the
companies comprising the Dow Jones Industrial Average. The company is
headquartered in Mountain View, California, and has sales and service offices in Japan,
the United Kingdom, and other locations in the United States
including Bellevue, Washington
and American Fork, Utah.
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