CyberSource Buying Authorize.net In $565 Million Deal
Written by Evan SchumanJune 18th, 2007
Electronic payment vendor CyberSource has agreed to purchase fellow e-payment player Authorize.net for $565 million in cash and stock, the companies announced Monday.
Steve Rowen, a research analyst at Retail System Research in Miami, Fla., said the merger of these two players is not in and of itself earth-shattering or surprising, but the size of the deal does reveal a lot about retail interests.
"CyberSource acquiring Authorize.Net is a highly logical move. Is it an industry-changing deal? Not at all," he said, but a deeper look at the metrics behind data-theft suggests an importance lying elsewhere surrounding this $565 million deal.
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Is there really an improvement between a mag swipe and contactless tap if multi-factor authentication is required?
-Ed
