CyberSource intends to buy CardSystems assets
A Reuters newswire article, via The Washington Post, reports that:
Electronic payments company CyberSource Corp. on Friday said it intends to buy most of the assets of CardSystems Solutions Inc., the credit-card processing company hit by a massive security breach earlier this year.
CyberSource has signed a letter of intent to acquire the assets of privately held CardSystems for an undisclosed amount. The letter gives CyberSource exclusivity in its talks to buy CardSystems, and it sees any deal closing in the fourth quarter.
posted by Fergie @ 9/23/2005 08:13:00 AM
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