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founded a credit card payment gateway company back in 1994 when the concept of an online “buy” button was new. Fast-forward to 2009 and his company, Cybersource , is a publicly-traded (NASDAQ: CYBS) credit-card-processing colossus. It acts as the payment gateway for such companies as Avis car rental, Facebook and Fandango, among thousands of other notable companies. In November 2007, Cybersource acquired Authorize.Net , another early-day payment gateway company. Authorize.Net focuses on smaller online businesses and had grown to over 200,000 merchant customers at the time of the acquisition. Combined, Cybersource posted revenues ...
One of the deepest issues in e-commerce security is undoubtedly the means of payment. To date, popular banks marking and pay with your credit cards certainly are more affected by this issue. Initially, the transfer of information and data between vendor and customer was not encrypted. This was a huge security problem, since the data transferred were likely to be intercepted by third parties and then used for operations outside the commercial practice. Today, this practice of data transfer has been abandoned in favor of safer practices to ensure greater confidentiality of personal ... Read More
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