CyberSource to Acquire Authorize.net in $565 million deal
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06-19-2007, 08:57 AM,
Post: #1
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CyberSource to Acquire Authorize.net in $565 million deal
Press release:
Quote:- CyberSource Corporation (NASDAQ: CYBS), a leading provider of electronic payment and risk management solutions, and Authorize.Net Holdings, Inc. (NASDAQ: ANET) , a leading provider of IP based payment solutions, today announced the signing of a definitive agreement whereby CyberSource will acquire Authorize.Net in a stock and cash transaction valued at approximately $565 million, as of the close of the NASDAQ Global Market System on June 15, 2007. full press release: http://sev.prnewswire.com/computer-elect...007-1.html Quote:Weinberg says smaller merchants will benefit from the deal because they will gain access to the sophisticated antifraud tools CyberSource provides to larger merchants today. CyberSource is best in class, its what theyre known for, he says. The little guys dont have the in-house capabilities to adequately protect themselves.... full article: http://www.internetretailer.com/dailyNews.asp?id=22806
Al draagt een aap een gouden ring, het is en blijft een lelijk ding
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06-20-2007, 01:39 AM,
Post: #2
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Re: CyberSource to Acquire Authorize.net in $565 million deal
Quote:Weinberg says smaller merchants will benefit from the deal because they will gain access to the sophisticated antifraud tools CyberSource provides to larger merchants today. Authorize.net's anti-fraud suite does help reduce chargebacks and fraud by flagging questionable transactions . |
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06-20-2007, 03:22 AM,
Post: #3
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Re: CyberSource to Acquire Authorize.net in $565 million deal
Quote:Weinberg says smaller merchants will benefit from the deal... Authorize.net merchants will benefit if fees don't go up and if they aren't required to switch their carts to the CyberSource API. Almost every cart supports Authorize.net. The list of carts that support CyberSource is much smaller. Quote:Authorize.net's anti-fraud suite does help reduce chargebacks and fraud It's major shortcoming is that it's only for credit cards. They don't offer fraud protection tools for their Echeck.net service. |
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06-20-2007, 03:43 PM,
Post: #4
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Re: CyberSource to Acquire Authorize.net in $565 million deal
Quote:Authorize.net merchants will benefit if fees don't go up :ditto:
OAI Moron Hall of Fame
<i>sell-thru is an irrelevant and illogical consideration.</i> -KaRay, owner of WP giving selling advice, 2006 <i>the site was 'NOT' hacked but the little script that had recipes on had the link altered</i> -Plunderhere Owner Mark Taylor after his site was hacked by a Chinese hacker gang, 2008 Some people have it like that, others dont. I do. -Probidscripts owner Spencer Osama Binweb Laden Ray bragging about his ability to scam the OAI without feeling any guilt, 2008. How does an auction site get buyers? -question asked at PSU by owner of auction site BidBeaver.ca, 2008 How do I get sales? -question asked at PSU by online store owner, 2009. I was told by my Tech. Support that my site dont really need SSL.. his servers are well protected and that info your providing to join aint really top secret information -owner of auction site TheTraderOutlet.com discussig his site's lack of basic security, 2009 |
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06-28-2007, 10:48 PM,
Post: #5
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Re: CyberSource to Acquire Authorize.net in $565 million deal
Quote:Weinberg says smaller merchants will benefit from the deal because they will gain access to the sophisticated antifraud tools CyberSource provides to larger merchants today. CyberSource is best in class, its what theyre known for, he says I'll vouch for the effectiveness of CyberSource's antifraud tools. |
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