Payment network operator Visa has agreed to acquire e-payment company CyberSource for $26 per share, or total consideration of approximately $2 billion to be paid with cash on hand. The price represents a near 34 percent premium over Mountain View-based CyberSource’s Tuesday closing price.
The deal will enable Visa to bolster online sales and offer new and enhanced online fraud prevention… → Read More
Talk about a serious outage. Payment gateway service provider Authorize.net has been down and out for several hours, a number of tipsters inform us. That has big implications: since the service is used by tens of thousands of e-commerce vendors to accept credit card and electronic checks payments on their websites (example), it likely means millions are being lost during its downtime. PayPal and… → Read More
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