NETSUITE INTEGRATES WITH CYBERSOURCE
Integration Brings Global Payment Acceptance, Risk and Security Management Services to NetSuite eCommerce Customers
SAN MATEO, Calif., August 23, 2007—NetSuite Inc., a vendor of on-demand, integrated business management application suites that provide ERP (Enterprise Resource Planning), CRM (Customer Relationship Management) and eCommerce functionality for small and medium-sized businesses and divisions of large companies, and CyberSource Corporation (NASDAQ: CYBS), a provider of electronic payment and risk management solutions, today announced that CyberSource has become NetSuite's global payment strategic partner. NetSuite has integrated support for CyberSource's global payment acceptance services, risk management solutions, and payment security services, giving NetSuite customers a strong set of payment tools.
"The addition of CyberSource's payment services offers efficient new global payment options for our eCommerce customers," said Zach Nelson, CEO of NetSuite. "As our customers increasingly engage the Web to grow their businesses, we believe we are providing them with solutions needed to succeed in the global marketplace."
CyberSource eCommerce payment management services available to NetSuite's customers worldwide include:
- support for credit cards, debit cards and electronic checks
- fraud prevention services ranging from an online fraud management portal to fully managed risk services designed to increase sales conversion and reduce the risk of fraud
- token-based, secure storage service, which helps keep sensitive payment data out of merchants' daily business operations.
"Before switching to NetSuite and CyberSource, we found that it was often very difficult to timely and effectively record credit card sales and deposits," said Travis Shreeve, Controller, Layers Clothing LLC, based in Murray, Utah. "But now that we've been using NetSuite and CyberSource, these sales and deposits are effective and timely. I am very impressed with the ease with which we are now able to reconcile our credit card transactions."
"NetSuite has long been a significant presence in on-demand ERP, CRM and eCommerce applications," said Carolyn Brackett, vice president, channels and alliances at CyberSource. "As their customers seek to grow their businesses, CyberSource will provide payment solutions to help NetSuite customers capture and keep more of that revenue."
CyberSource payment management services are available to NetSuite customers now.
NetSuite Inc. is a leading vendor of on-demand, integrated business application suites for small and medium-sized businesses. NetSuite enables companies to manage core key business operations in a single system, which includes accounting/Enterprise Resource Planning (ERP), Customer Relationship Management (CRM), and eCommerce. NetSuite's patent-pending "real-time dashboard" technology provides an easy-to-use view into up-to-date, role-specific business information.
CyberSource Corporation is a leading provider of electronic payment and risk management solutions. CyberSource solutions enable electronic payment processing for Web, call centre, and POS environments. CyberSource also offers industry leading risk management solutions for merchants accepting card-not-present transactions. CyberSource Professional Services designs, integrates, and optimises commerce transaction processing systems. Over 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 the CyberSource's web site.
© 2007 Netsuite, Inc. and CyberSource Corporation. All rights reserved. NetSuite and the NetSuite logo are registered service-marks of NetSuite, Inc. 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.