CyberSource Acquires First Data Unit BidPay

CyberSource Corporation (Nasdaq: CYBS), a leading provider of electronic payment and risk management solutions, today announced that it has acquired BidPay.com, Inc. from First Data Corporation. In exchange for $1.8 million in cash, CyberSource acquired proprietary technology, databases, and certain intellectual property rights, including exclusive rights to the BidPay.com brand. BidPay will be operated as a wholly owned subsidiary of CyberSource. CyberSource intends to re-launch BidPay in the coming months.

Launched in 1999, BidPay was one of the original payment options available to serve online auctions. BidPay developed a proven platform based on proprietary technology and acquired over 4 million registered users prior to ceasing operations in December 2005. In addition to an intuitive interface and robust functionality, BidPay focused on developing and refining risk and fraud management. The BidPay brand achieved market recognition and enjoyed a base of repeat users on eBay and other online auction sites.

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. Over 13,000 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. For more information, please visit CyberSource’s web site at www.cybersource.com or email info@cybersource.com.