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.