Wednesday, April 28, 2010

Visa buys e-commerce company CyberSource for $2 billion

Visa has acquired e-commerce payment processor CyberSource for $2 billion in cash.

The credit card giant bought the electronic payment company on April 21 to increase the use of Visa debit, prepaid and credit cards for online purchases and to accelerate the e-commerce industry's growth at large, according to a Visa statement.

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Source: DM News

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