CyberSource's BidPay Subsidiary to Cease Operations
2007年12月20日 - 6:00AM
PRニュース・ワイアー (英語)
MOUNTAIN VIEW, Calif., Dec. 19 /PRNewswire-FirstCall/ --
CyberSource Corporation (NASDAQ:CYBS), a leading provider of
electronic payment, risk management and payment security solutions,
today announced that BidPay.com, Inc., a wholly owned subsidiary
that processes payments for online auctions, will cease operations
effective December 31, 2007. CyberSource expects to incur one-time
charges totaling approximately $1.7 million to $2.7 million in the
fourth quarter of 2007 related to the shutdown, of which up to
$300,000 will impact the company's future cash balance. (Logo:
http://www.newscom.com/cgi-bin/prnh/19990513/CYBRSOURCELOGO) 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. Over 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. For more information on CyberSource please
visit http://www.cybersource.com/ or email . For more information
on Authorize.Net small business solutions, please visit
http://www.authorize.net/ or email . "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 the charge to be taken related to the shutdown of
BidPay.com, Inc. Factors that could cause actual results to differ
materially from the forward looking statements include risks and
uncertainties such as unforeseen events 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, 2006, filed with the
Securities and Exchange Commission on March 13, 2007, and our
quarterly reports filed on Form 10-Q from time to time, all of
which identify important risk factors. (C) 2007 CyberSource
Corporation. All rights reserved. CyberSource is a registered
trademark in the U.S. and other countries. BidPay is a registered
trademark in the U.S. All other brands and product names are
trademarks or registered trademarks of their respective companies.
http://www.newscom.com/cgi-bin/prnh/19990513/CYBRSOURCELOGO
http://photoarchive.ap.org/ DATASOURCE: CyberSource Corporation
CONTACT: Bruce Frymire of CyberSource, +1-650-965-6042, Web site:
http://www.cybersource.com/
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