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Visa Inc. has agreed to purchase CyberSource Corp, an e-commerce payment processor for $2 billion cash. CyberSource is a company that helps the retailers by accepting online payments. Thus, Visa is seeking online gains as an effort to boost their business in online commerce and emerging markets which are fast growing areas.
Mobile Commerce
Visa To Buy Processor CyberSource For $2B
Mobile Apps And Payments Driving eBay Growth
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eBay soared to higher net profits and incomes due to the strength of PayPal’s business. This comes after the company’s executives negotiated a three-year plan that will improve the company’s core auction business. The revenue of eBay was reported $2.2 billion with a net income of $397.7 million. These figures exclude the impact of Skype business of eBay. The net income increased by 11 percent whereas the revenue increased by 9 percent.
The payment business of eBay which includes PayPal and its other related services reported an increase of 35 percent, amounting to $21.3 billion in total payment for the quarter.
