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Sprint Streamlines Online Payment

Sprint to expand e-commerce portfolio for business customers with enhanced online payment processing services

June 13, 2002

1 Min Read

OVERLAND PARK, Kan. -- Sprint (NYSE: FON - News, PCS - News) announced today that it has expanded e-commerce services for business customers by providing enhanced online payment processing services powered by CyberSource Corp. (Nasdaq: CYBS - News), a leading provider of electronic payment and risk management solutions. This expanded capability enhances Sprint's overall e-commerce offering at its 10 Sprint E|Solutions centers across the country. "The addition of enhanced online payment capabilities highly complements our e-commerce offerings and provides Sprint E|Solutions Center customers with a one-stop solution that is both secure and reliable," said Keith Paglusch, president of Sprint E|Solutions. "Our customers demand and expect the most secure payment processing infrastructure possible so they can focus on what's really important to their business - delighting their customers and growing revenues." The CyberSource Payment Service offered by Sprint, which enables real-time payments online via credit, debit, and procurement card and/or electronic check, operates behind-the-scenes to authorize and settle electronic payments through built-in connections with third-party processors and merchant banks. It integrates smoothly with major commerce platforms, ERP and CRM systems. Sprint Corp.

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