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Heartland Payment, CyberSource Partner

Transaction services company CyberSource Corp. has partnered with Heartland Payment Systems (HPS), a subsidiary of Heartland Bank in St. Louis, MO, to provide Web merchants with a one-stop credit card acceptance solution.

The solution offers quick and easy merchant account setup combined with secure real-time processing of credit card payments, the companies said. Financial arrangements between the companies were not disclosed.

The partnership enables service providers such as ISPs to supply their merchants with a complete e-commerce transaction processing package.

HPS provides the merchant account application system, called Merchant Provisioning System (MPS), which lets merchants apply online in a six-step process. When combined with CyberSource eCommerce Transaction Services, MPS allows Web merchants to begin accepting VISA and MasterCard payments in as little as 48 hours.

"Our goal was to create a one-stop online credit card processing solution for eCommerce merchants," said John Waldron, vice president of Internet marketing and sales for HPS. "The combination of CyberSource services and HPS' 48-hour online merchant account application process provides Web merchants with a significant time-to-market advantage."

ISPs can also benefit through HPS' Value Added Reseller (VAR) Program. This program allows VARs to earn a signing bonus and ongoing residual payment for any merchant that joins the HPS and CyberSource merchant program.

"CyberSource eTransaction services cover the full range of e-commerce functions, from fraud screening to delivery address verification, and are all available to merchants taking advantage of this new one-stop program," said Tom Clements, director of channel sales at CyberSource.

HPS is a full-service merchant card processor (for credit, debit, ATM, and check cards), handling services that include fraud monitoring, reconciliation, compensation, ACHing of merchant funds, draft retrieval processing, and chargeback processing.



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