Venda Partners with CyberSource

READING, UK, 13 June 2006

CyberSource Ltd. has teamed with Venda to bring joint customers the complete range of eCommerce services, from on-demand eCommerce platform creation and maintenance through to online payment management.

Venda provides eCommerce sites to companies across all sectors, from manufacturers to wholesalers to retailers. The Venda platform differs from traditional models as it is made up of individual components that are assembled to create each solution incorporating design, hosting, bandwidth and transaction activity, offering greater flexibility and customisation for clients.

When the eCommerce site is up and running, CyberSource payment solutions allow merchants to securely accept a wide range of online payment options and to automate the order acceptance process.

Dan Wagner, CEO of Venda commented, "Having the right payment solution is integral to the service that we provide - without it our customers cannot function. By partnering with CyberSource, we have engaged with a trustworthy and secure solution that is tightly integrated to the Venda platform. We have chosen to partner with CyberSource because of their reputation and the breadth of services available."

Nathan Jackson, managing director at CyberSource said, "CyberSource is committed to offering solutions of the highest standard and welcomes the opportunity to partner with industry leaders. We are very excited to be working with Venda and look forward to delivering the best possible service to their customers."

CyberSource provides multiple payment and risk management solutions for some of the world's largest and most successful businesses. Companies benefit from enterprise class eCommerce capabilities, including enhanced reliability and security, and award-winning support.

About Venda
Venda delivers customised on-demand eCommerce to some of the world's leading retailers and manufacturers, including Virgin Megastore, Panasonic, Laura Ashley, Nokia, Ted Baker and Xerox. The Company's complete eCommerce platform combines flexibility, reliability and scalability with the operating advantages of an outsourced service. Multi-lingual and multi-currency capable, Venda's B2B, B2C and B2E solutions provide "best of the web" capabilities to mid-tier and Fortune 1000/FTSE 100 companies. Venda allows customers to reduce the risk, complexity and cost associated with eCommerce, while empowering business users and delivering unprecedented ROI. With offices in New York, London and Bangkok, the Company is managed by a team of eCommerce veterans with more than 20 years of experience in online businesses.

About CyberSource
CyberSource Ltd. is a wholly-owned subsidiary of CyberSource Corporation. CyberSource is a leading provider of electronic payment and risk management solutions. CyberSource solutions enable electronic payment processing for Web, call centre, and POS environments. CyberSource also offers industry leading risk management solutions for merchants accepting card-not-present transactions. CyberSource Professional Services designs, integrates, and optimises commerce transaction processing systems. Over 14,000 businesses use CyberSource solutions, including half the companies comprising the Dow Jones Industrial Average. The company is headquartered in Mountain View, California, and has sales and service offices in Japan, the United Kingdom, and other locations in the United States. For more information, please visit CyberSource's web site at www.cybersource.co.uk or email uk@cybersource.com.

© 2006 CyberSource Corporation. All rights reserved. CyberSource is a registered trademark in the U.S., UK, and other countries. All other brands and product names are trademarks or registered trademarks of their respective companies.