RealTime IT News

VerticalNet, CyberSource to Serve B2B Markets

B2B Net market maker VerticalNet Inc. said it is partnering with CyberSource Corp. to deliver a suite of e-commerce services across VerticalNet's 56 different industry-specific communities.

CyberSource will become VerticalNet's provider for services that include credit card clearance, and VerticalNet will offer CyberSource's Payment, Tax and Risk Management Services to businesses in its trading communities.

" we selected CyberSource because we believe they offer the most comprehensive suite of e-services backed by a highly scaleable back-office infrastructure," said Paul Calkin, senior director of e-commerce business solutions for VerticalNet.

VerticalNet's vertical trade communities are grouped into the following industry sectors: advanced technologies, communications, environmental, food and packaging, foodservice and hospitality, healthcare/science, manufacturing and metals, process, public sector, service, textiles and apparel.

VerticalNet also provides auctions, catalogs, bookstores, career services and other e-commerce capabilities horizontally across its communities with sites like Industry Deals.com, IT CareerHub.com, LabX.com and Professional Store.com. And its NECX Exchange provides an exchange for the electronic components industry.