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RealTime IT News

CyberSource, eCredit.com Team Up

Real-time e-commerce transaction services company CyberSource Corp. and eCredit.com established a relationship designed to provide online merchants the ability to offer credit, financing and credit card payment options to business and consumer customers.

eCredit.com will integrate CyberSource's Payment and Risk Management Services as part of its Global Financing Network.

Financial arrangements were not disclosed.

"With the eCredit.com Global Financing Network, our objectives are to not only complete the finance approval process in a matter of seconds, but also to allow business and consumer buyers on the Web the ability to personalize financing to match their cash-flow preferences," said Deepak Verma, vice president of business development for eCredit.com.

"By integrating CyberSource's technologies, we enable merchants to accept, through a single interface, credit cards as a payment/financing option, in addition to other forms of financing available through eCredit.com such as revolving lines of credit, installment loans, trade finance and equipment leases."

Merchants that connect to the eCredit.com Global Financing Network will have immediate access to both eCredit.com's leasing and financing options as well as CyberSource's Payment and Risk Management Services for credit card transactions.

eCredit.com has linked its network to CyberSource's gateway and will provide merchants with consolidated support and billing.