CyberSource and PayEase Open Doors to eCommerce in China

Gives U.S., U.K. merchants broad online payment support in high growth market

MOUNTAIN VIEW, Calif. and HONG KONG, April 29 /PRNewswire-FirstCall/ --
With a rapidly growing population of online consumers, the Chinese market is a
key target for many leading eCommerce brands around the world. However,
technical and logistical issues pose significant challenges for merchants
wanting to enter the China eCommerce market. U.S.-based CyberSource
Corporation (Nasdaq: CYBS) and China-based PayEase Technology Ltd. are
collaborating to remove these barriers and facilitate merchants' entry into
the China market.
(Logo: http://www.newscom.com/cgi-bin/prnh/19990513/CYBRSOURCELOGO)
Past challenges
eCommerce solutions for selling into China have long been problematic.
Only 6% of Chinese citizens hold credit cards. The common electronic payment
vehicles are Chinese debit cards(1), offered by over 20 different key banks in
the country. Merchants seeking broad access to the market are required to
integrate with each of these disparate institutions, in addition to satisfying
regulatory requirements regarding licenses and domicile.
The PayEase/CyberSource solution
The collaboration between CyberSource and PayEase provides merchants with
fast and cost-effective access to the majority of online payment vehicles in
China. With the PayEase/CyberSource solution, merchants gain support for both
Chinese credit cards as well as debit cards from over 20 key banks. PayEase
can also help foreign companies navigate the various regulatory requirements
associated with conducting eCommerce in China, such as licensing requirements
for Internet Content Providers, by, for example, helping to identify
professional advisers in China familiar with such regulatory requirements.
PayEase also offers customer loyalty programs designed to help promote new
foreign merchants to Chinese nationals that have previously purchased online.
Full Payment Management Support
The integration between CyberSource and PayEase reaches beyond payment
acceptance to tap the full range of CyberSource and PayEase payment management
solutions. Merchants can opt for real-time tax calculation for local Chinese
value-added tax. CyberSource's industry-leading fraud management portal,
Decision Manager, supports payments through PayEase, including the ability to
recognize the Chinese language character set, and incorporates country-
specific decisioning rules to automate the acceptance or rejection of orders.
Financial transaction reports are available in English to ease reconciliation.
For more information on accepting payments in China and internationally,
please visit: http://www.cybersource.com/global/.
"We see this alliance with PayEase as an extraordinary opportunity for
merchants who wish to expand into the Chinese eCommerce market," said Scott
Cruickshank, CyberSource president and COO. "We believe that PayEase has
unmatched credentials for managing eCommerce in China for domestic and foreign
companies, drawing upon years of experience working with English-speaking and
multinational corporations seeking entry into that arena. We believe our
merchants will now have a unique opportunity to engage consumers in China as
growth in that market accelerates."
Fred Sum, CEO of PayEase said, "Electronic payment in China is an
underserved market with great potential. CyberSource is one of the world's
most trusted and experienced payment management companies. We believe the
combined capabilities of our two companies will offer significant help to U.S.
and U.K. merchants that see China as a logical extension of their worldwide
sales efforts."
The PayEase/CyberSource solution is available now. A merchant's ability
to accept credit and debit cards through PayEase is subject to satisfaction of
certain eligibility criteria and regulatory requirements.
PayEase's major shareholder, Capinfo Company Ltd., a public company in
Hong Kong, is affiliated with the Beijing municipal government and was
initially formed by various Chinese ministries and government entities to
promote eCommerce in China.
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 http://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.
About PayEase
PayEase is currently China's leading payment & loyalty marketing service
provider. PayEase is the first payment service provider in China established
in 1999. Through Chinese banking relationships (nationwide), PayEase
facilitates payments among merchants and unifies functionality through a
single interface. PayEase's secured platform provides a unified solution that
includes various channels of payment such as Online, Mobile, POS, Call
Centers, and E-wallet. In addition, PayEase supports over 65 different types
of debit cards and four international credit cards. Additionally, PayEase
offers tailor-made CLP (Consumer Loyalty Program) to our clients enhancing
their strength in building loyal relationships with their customers.
"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) the growth of online consumers
in China; (2) Chinese market being a key target for leading eCommerce brands
around the world; (3) the CyberSource PayEase relationship being an
extraordinary opportunity for merchants; (4) PayEase having unmatched
credentials; (5) CyberSource merchants having a unique opportunity to engage
consumers in China; (6) growth in the China market accelerating; (7)
CyberSource being one of the world's most trusted and experienced payment
management companies; (8) combined capabilities of CyberSource and PayEase
offering significant help to U.S. and U.K. merchants. Factors that could
cause actual results to differ materially from the forward looking statements
include risks and uncertainties such as changes in regulatory requirements,
changes in customer needs, the risks 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. All other brands and
product names are trademarks or registered trademarks of their respective
companies.
(1) People's Bank of China, as quoted by Xinhua, official press agency of
the government of the People's Republic of China, on March 30, 2008.
SOURCE CyberSource Corporation

Bruce Frymire of CyberSource, +1-650-965-6042; or Kevin Yim of PayEase,
011-852-9228-2222