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Visa said Wednesday that it will acquire CyberSource, which provides electronic payment and e-commerce security software, for $2 billion.
Visa said it will take CyberSource's products and services and sell them throughout its network, improve its fraud detection capabilities,
I am pleased to announce that Visa Inc. and CyberSource have reached a definitive agreement for Visa Inc. to acquire CyberSource. Our two companies are a natural fit, and we believe this is a very positive development for all of our customers and partners—everyone who depends upon our CyberSource and Authorize.Net payment, fraud, and security management solutions.
In the near-term nothing will change. The way you work with our company and partners will remain the same, as will our commitment to deliver the highest quality service and support. Looking ahead, we anticipate being able to provide you even more innovation and greater global reach. As examples of this: