First Data signs reseller deal with CyberSource

As part of the agreement, First Data's alliance and client banks can resell CyberSource's enterprise package, which includes credit card payment, electronic cheques, fraud screening, stored value and tax calculation services.

Margaret Weichert, vice president, Internet services, First Data, says: "CyberSource offers the reliability, security, and breadth of options that many of today's online merchants demand."

First Data will collaborate with CyberSource on marketing the package to its alliance network.