Cybersource® Powers Industry's First Email Payment Service, Paypal Submitted By: Metia LTD (Formally Write Image Ltd) Wednesday, 12 April 2000

CyberSource® Powers Industry's First Email Payment Service, PayPal Submitted by: Metia LTD (formally Write Image Ltd) Wednesday, 12 April 2000

Leading Web-based Payment Provider for Auctions, Internet Groups and Individuals, Drives Growth in New Segment April 12, 2000 CyberSource Corporation (Nasdaq: CYBS), a leading provider of mission-critical eCommerce transaction services, today announced that leading email payment service PayPal has selected CyberSource Payment Services and Risk Management Services to handle credit card payments for its rapidly growing subscriber base. PayPal, a service of X.com Corporation, allows users to send money instantly and securely to anyone with a U.S. email address, and includes applications for the Palm Pilot, HandSpring Visor and wireless platforms. X's PayPal service may be used to settle debts and collect money from friends, or to buy and sell items at online auctions, classified sites and personal web sites. To provide its users with a secure, peer-to-peer payment system, PayPal has implemented CyberSource Credit Card Services and the CyberSource Internet Fraud Screen, part of the CyberSource Internet Commerce SuiteSM. These services enable PayPal to provide its customers with fast, secure and fully automated credit card integration to transfer money to their PayPal account. "As we continue to grow our email payment service exponentially, and to transform the way people pay, bill and bank, we need a back-end partner that not only scales with our business, but also helps provide the secure transactions our customers demand," said X.com executive vice president Peter Thiel, cofounder of PayPal and the company's CEO until its merger with X.com last month. "We selected CyberSource for its scalability, reliability, high level of data security and expertise in providing and managing outsourced services." "PayPal has definitely arrived at the right formula for person-to-person payments, and the company's growth shows the viral nature of the right solution at the right time," said William Donahoo, vice president of marketing for CyberSource. "The flexibility of the CyberSource infrastructure is ideally suited for not only the business-to-business and business-to-consumer spaces, but the rapidly growing consumer-to-consumer space that PayPal is currently serving, as well." CyberSource provides online businesses an outsourced suite of eCommerce transaction services available on a fee per transaction "a la carte," "pay as you grow" basis. Online businesses of all types can easily implement the company's enterprise class of back-end eCommerce transaction services and avoid major investments in software and staffing. The CyberSource Internet Commerce Suite includes Credit Card Services, Electronic Check Services, Gift Certificate and Promotional Services, the Internet Fraud Screen enhanced by Visa, Fulfillment Messaging, Delivery Address Verification, Digital Delivery, Digital Warehousing, Policy Compliance, and Export Compliance. About X.com, provider of PayPal X.com Corporation provides an instant and secure email payment service, integrated with consumer and

Page 1 business financial services. With a customer base of over one million, X.com is the largest web-based payment network on the Internet, the number-one online auction payment service, and the preferred payment service of Internet communities and individuals. X.com Corporation was founded in March 1999 by Elon Musk, who previously founded Internet media company Zip2, which he sold last year to AltaVista, now a division of CMGI. Bill Harris, formerly CEO of Intuit, joined X.com last fall as CEO and President. Last month, X.com merged with PayPal.com, the leading email payment service. PayPal.com CEO Peter Thiel is now Executive Vice President of X.com Corporation. About CyberSource CyberSource is a leading developer and provider of eCommerce transaction services, and a pioneer in the area of Internet fraud detection. More than 1200 Internet businesses in more than 26 countries have chosen to use CyberSource services. CyberSource provides mission-critical reliability with the CyberSource Internet Commerce SuiteSM, offering merchant-controlled, real-time services including Payment Services, Tax Services, Gift Certificate and Promotional Services, Risk Management Services, Distribution Control Services, and Fulfillment Management Services. Customers of CyberSource include leading Internet merchants and businesses selling on-line including Amazon.com, BUY.COM, Compaq Computer, Mercata.com, MotherNature.com, Nike.com, Priceline, Rx.com, Remedy and Shopping.com. For more information visit http://www.cybersource.com or email to [email protected] or [email protected] ©2000. CyberSource is a U.S. registered trademark and the CyberSource Internet Commerce Suite is a service mark of CyberSource Corporation. All other company and product names may be trademarks or service marks of the respective companies with which they are associated. Editorial Contacts Ariane Wilkinson CyberSource +44 1932 871500 [email protected] Stella Couch / Nick Craven Write Image +44 (0)207 959 5400 [email protected] [email protected]

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