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Verio, CyberSource Offer International E-Commerce

In an effort to reach the growing e-commerce industry globally, Web hosting and e-commerce firm Verio Inc. Monday formed an agreement with CyberSource to offer electronic commerce solutions in a variety of individual currencies.

Verio has agreed to resell CyberSource's multi-currency payment processing services through Verio's distribution channels. The service will be available in 29 currencies as part of Verio's overall international e-commerce utility, designed to offer a host of storefront management applications. It is scheduled for availability on June 1.

CyberSource's offerings are made to provide merchants with a tool to present products on their Web sites in multiple currencies, while allowing shoppers to buy products in a familiar currency. Its services are offered through partnerships with IBM Global Merchant and National Westminster (NatWest) Bank.

The agreement was made to provide tap into the growing e-commerce industry worldwide, said Herb Hribar, Verio's president and chief operating officer.

"With this new offering, Verio and CyberSource together are removing the major barriers to entry for international e-commerce by delivering a solution that allows businesses to do what they do best--sell goods and services--regardless of geography or currency. These services are exactly what our 4,000 international resellers have told us they need to help their customers get their businesses online."

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