MOUNTAIN VIEW, Calif. and SEATTLE, April 8, 2008 /PRNewswire-FirstCall/
-- CyberSource Corporation (Nasdaq: CYBS) and mPoria Inc. have announced a
strategic channel partnership in which CyberSource will offer mPoria's
GoMobile!(TM) m-commerce technology to its network of online merchants.
(Logo: http://www.newscom.com/cgi-bin/prnh/19990513/CYBRSOURCELOGO)
GoMobile! enables merchants to quickly and cost-effectively build and
launch a mobile shopping site, giving retailers access to more than 250
million wireless subscribers nationwide. Site set-up is simple and requires
no in-house development expertise. Once live on the GoMobile! Service, a
merchant can offer consumers the ability to shop on the mobile Internet using
their cell phone. mPoria's service supports the majority of both feature and
smartphones offered by leading U.S. carriers.
"Significant advances have been made in the wireless industry and we
believe the time is right for merchants to expand to m-commerce," said Michael
Walsh, CyberSource senior vice president, worldwide sales. "We are very
impressed with mPoria's technology, rapid adoption among merchants, and
leadership position in this important segment. Through this partnership,
CyberSource can now offer our customers the ability to enter the m-commerce
market in an easy and cost-effective way."
mPoria CEO Dan Wright commented, "CyberSource is known for delivering
industry leading electronic payment and risk management solutions to the
world's top online brands as well as hundreds of thousands of merchants around
the globe. We believe this partnership will benefit both companies-increasing
CyberSource services to its customers, while accelerating mPoria's growth and
leadership position in the m-commerce market."
Availability
mPoria's GoMobile! m-commerce technology is available to merchants
immediately. Implementation can scale from small catalogs and entry-level
order processing to enterprise-class merchants using sophisticated, real-time
integration to their backend systems.
About mPoria Inc.
mPoria is the leading North American provider of mobile commerce
solutions. The company builds and markets m-commerce stores for retailers,
enabling them to extend their reach to the mobile channel and increase sales
and customer loyalty. Retail customers include GameStop, Buy.com, TicketsNow,
Cutter & Buck, and others. Wireless carrier partners include Verizon Wireless,
Sprint and AT&T. mPoria is privately owned and based in Seattle, WA. To learn
more about mPoria, the company's GoMobile! m-commerce service and other mobile
commerce products visit the company's website at http://www.mporia.com, call
mPoria Sales at 206.447.3360, or email sales@mporia.com.
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.
Approximately 228,000 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. For more information
on CyberSource please visit www.cybersource.com or email info@cybersource.com.
For more information on Authorize.Net small business solutions, please visit
http://www.authorize.net or email sales@authorize.net.
"Safe Harbor" statement under the Private Securities Litigation Reform Act
of 1995
Statements in this release that are not purely historical are forward-
looking statements within the meaning of Section 27A of the Securities Act of
1933 and Section 21E of the Securities Exchange Act of 1934, including,
without limitation, statements regarding the company's expectations,
objectives, anticipations, plans, hopes, beliefs, intentions or strategies
regarding the future. Forward-looking statements in this release include,
without limitation, statements regarding: (1) setup of the mPoria service
being easy and cost-effective; (2) time being right for merchants to expand to
m-commerce; (3) rapid adoption of mPoria's technology by merchants; (4) the
partnership benefitting both companies; and, (5) increasing services to
CyberSource customers.
Factors that could cause actual results to differ materially from the
forward looking statements include risks and uncertainties such as changes in
customer needs, the risks inherent in supporting a third-party platform, the
risk of the economy, in general, and online economy, in particular, slowing
down, new products and services offerings by the company and its competitors,
any unforeseen event or any unforeseen system failures, and other risks
indicated in our filings with the Securities and Exchange Commission. It is
important to note that actual outcomes could differ materially from those in
such forward-looking statements. Readers should also refer to the documents
filed by CyberSource with the Securities and Exchange Commission, specifically
the annual report filed on Form 10-K for the year ended December 31, 2007,
filed with the Securities and Exchange Commission on March 11, 2008, and our
quarterly reports filed on Form 10-Q from time to time, all of which identify
important risk factors.
(C) 2008 CyberSource Corporation. All rights reserved. CyberSource is a
registered trademark in the U.S. and other countries. Authorize.Net is a
registered trademark in the U.S. All other brands and product names are
trademarks or registered trademarks of their respective companies.
SOURCE CyberSource Corporation
