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CyberSource Launches International Payments Processing

CyberSource Corp. announced an international payment processing solution for Internet merchants using the services of NatWest (National Westminster Bank), the largest acquiring bank in the U.K.

A part of the CyberSource Internet Commerce Suite of services, the new international payment processing gateway allows merchants to accept payments in over 150 different currencies and can credit merchant accounts in any one of 19 currencies including the Euro.

CyberSource also provides multicurrency payment processing via IBM NetTrade Finance and offers merchants direct links to major credit card processors such as Vital, First Data Corp. and Paymentech.

"CyberSource's goal is to make it simple for merchants in any geographic region to engage in global e-commerce," said Tony Bates, executive vice president of international at CyberSource. "The new payment processing gateway removes the impediments presented by multiple competing currencies."

The CyberSource Internet Commerce Suite includes real-time services for payment processing, tax calculation, risk management (including fraud screening), distribution control and fulfillment management. The new payment-processing gateway will also be marketed by third parties such as Web-hosting services.