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Accretive Commerce Selects CyberSource as its Global Payment Processor.


CyberSource and Accretive Commerce form Strategic Alliance to Enable Multiple Payment Options and Advanced Fraud Protection for Accretive's Clients

CHARLOTTE, N.C. & MOUNTAIN VIEW, Calif. -- Accretive Commerce, the leading business process outsourcer of direct-to-customer commerce services, announced today they have formed a strategic alliance with CyberSource Corporation (NASDAQ: CYBS), a leading provider of electronic payment and risk management solutions, to offer CyberSource's payment management services to Accretive Commerce's clients.

Accretive customers will now be able to accept online credit card, debit card, eCheck, PayPal, and Bill Me Later transactions. They will have the ability to accept orders originating from 190 countries, verify addresses, calculate sales tax, and check orders for compliance with export regulations. Accretive Commerce's clients will also have the opportunity to utilize CyberSource's risk management services. These offerings range from fully-managed services to advanced decision systems that automate order screening, helping to increase sales conversion and reduce the risk of fraud. Finally, merchants will also be able to protect their brand by using CyberSource's token-based secure storage service, which helps keep sensitive payment data out of merchants' daily business operations.

"Consumers are increasingly looking for alternative methods of secure online payment, while merchants need the latest in risk management to reduce their exposure to fraudulent activity," said Hank Reeves, Accretive Commerce CEO. "CyberSource's services offer market-leading capabilities in both areas, and we believe Accretive Commerce's clients will be well served through our relationship."

"Accretive Commerce, like CyberSource, has significant experience serving some of the biggest brands in eCommerce today," said Carolyn Brackett, vice president, channels & alliances, at CyberSource. "We believe this alliance will provide Accretive with an even more complete end-to-end outsourced eCommerce solution, including global payment and risk management capabilities, further enhancing an already successful offering."

About CyberSource Corporation

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 20,000 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.

About Accretive Commerce

Accretive Commerce is a market-leading business process outsourcer, accelerating companies' growth through a fully integrated range of outsourced eCommerce, Customer Care, and Fulfillment & Logistics solutions and services. Accretive Commerce has a proven track record serving some of the world's best known brands such as American Eagle Outfitters, Godiva, Restoration Hardware, and many others. The company combines market-leading capability, scalability, and flexibility with lean six sigma process excellence to deliver its clients a better brand experience, greater revenues, and lower costs. Accretive Commerce has an unparalleled commitment to customer service and a focus on brand protection that translates into guaranteed results and value creation. For more information, visit www.accretivecommerce.com.

(c) 2007 CyberSource Corporation. All rights reserved. CyberSource is a registered trademark in the U.S. and other countries. All other brands and product names are trademarks or registered trademarks of their respective companies.
COPYRIGHT 2007 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jun 5, 2007
Words:549
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