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Cybersource is a payment management company providing a complete portfolio of services that simplify and automate payment operations. Customers use the Cybersource
and Authorize.Net brand solutions to process online payments, streamline fraud management, and simplify payment security. The company began developing electronic
payment and credit card fraud detection technology in 1996, long before the e-commerce industry became a major business opportunity. In 2007, Cybersource acquired the leading U. S. small business payment services provider, Authorize.Net, expanding the market to cover businesses ranging from the smallest sole proprietorships to the largest global brands. After an early highly successful initial public offering in 2010 CyberSource was acquired by and operates as a wholly owned subsidiary of Visa Inc. for approximately $2 billion. Today, over 370,00 businesses worldwide use CyberSource solutions.
Batterson Venture Partners (predecessor to Batterson Venture Capital) was an early investor in CyberSource along with William Blair & Co in Chicago, Paul Allen’s investment group in Seattle WA, and Visa International.