Monday January 18, 8:03 am Eastern Time
Company Press Release
SOURCE: CyberSource
CyberShop Implements CyberSource's On-line Commerce Applications to Handle Record Online Holiday Sales
Partnership provides successful online business with more reliable customer shopping experience
JERSEY CITY, N.J., Jan. 18 /PRNewswire/ -- CyberShop (Nasdaq: CYSP - news), a leading online retailer with shopping sites on Microsoft's MSN and America Online, implemented CyberSource's commerce suite to process the high volume of transactions for its popular new gift site, egift.com (www.egift.com), and electronics.net (www.electronics.net), CyberShop's consumer electronics joint venture with TOPS Appliance City (Nasdaq: TOPS - news). This enabled CyberShop's customers to have their orders process quickly and consistently, enhancing their online shopping experience.
''December's online sales proved that Internet shopping has gone mainstream and with CyberSource we had no trouble scaling to meet high volume demand,'' said Frank O'Connor, Chief Information Officer of CyberShop. ''CyberSource's real-time fraud detection and payment processing ensured low-risk and high- return transactions, and helped us get-to-market faster without investing in new equipment or expensive upgrades.''
CyberSource On-Demand Commerce Applications -- which include real-time payment, credit card fraud screening, digital delivery, fulfillment house messaging and property rights management solutions -- enable Web merchants to outsource complex commerce capabilities on a cost-effective, per-transaction basis. All CyberSource On-Demand Commerce Applications are accessed through a single common interface on a merchant's commerce server, so new commerce capabilities can be added at any time, without costly upgrades or disruption.
''By off loading the backend payment processing and reducing fraudulent transactions, CyberShop is free to focus on their core business, build a great customer experience and generate more traffic to their on-line stores,'' said William Donahoo, vice-president of marketing at CyberSource. ''Working together is a powerful partnership in creating a successful online business. CyberShop drives the best products and on-line buying experience, and CyberSource drives the best e-commerce infrastructure. It's perfect synergy and it works.''
About CyberSource
CyberSource is a global provider of on-demand commerce applications and digital rights management services that enable Internet merchants to securely conduct business online in real time. Global, on-demand commerce applications include a high performance payment gateway, Internet fraud screen, real-time export compliance and territory management, fulfillment messaging and digital delivery applications; as well as rights management services for digital property. Leading web merchants use CyberSource on-demand commerce applications to securely transact from hundreds to tens-of-thousands of orders per month, representing over $250 million dollars of Internet commerce. CyberSource's customers and partners include Adobe, AutoDesk, Beyond.com, Buycomp.com, Cahners, Compaq, IBM/Lotus, Liquid Audio, Microsoft, Netscape, Network Associates, Pantone, Playboy, Qualcomm, Surplus Direct, Symantec, and T. Rowe Price. Founded in 1994, CyberSource is a privately-held company headquartered in San Jose, California and maintains offices in the United States and Europe, along with a network of virtual data centers around the globe to service local markets.
About CyberShop (Nasdaq: CYSP - news)
CyberShop, a leading upscale online retailer, can be found on the World Wide Web at www.cybershop.com and on America Online in their Shopping Channel or by using keyword cybershop. Egift.com can be found on the World Wide Web at www.egift.com. Electronics.net can be found on the World Wide Web at www.electronics.net.
For more information visit cybersource.com
Or email to info@cybersource.com
CyberSource is an U.S. registered trademark. GeoPay, IVS, GlobalTax, TerritoryManager, SmartCert, and NOTIFY are trademarks of CyberSource Corporation.
SOURCE: CyberSource |
