CyberSource Ltd (NASDAQ: CYBS), a leading provider of electronic payment and risk management solutions, today announced it will open a development centre in Belfast, Northern Ireland. The company expects to employ approximately 20 engineers and support staff at the new facility in its first year, scaling to approximately 60 employees within three years. The Belfast-based team will be fully integrated with CyberSource’s four existing U.S.-based development centres. The plan was announced today during the US – Northern Ireland Investment Conference in Belfast.

“We are excited about the opportunity the Northern Ireland centre brings to CyberSource,” said Bill McKiernan, CyberSource chairman and CEO. “We work to drive ongoing innovation in ePayment management, and that mission demands top-calibre developers to keep us ahead of our global customers’ requirements. Northern Ireland is heavily invested in advanced technology education, giving us ready access to an excellent talent pool. CyberSource develops solutions for merchants worldwide who are selling to an increasingly global market, so the new development centre is a natural extension of our operations to tap the best available engineering talent.”

Invest Northern Ireland is a public organisation founded to create and sustain high value-added, internationally competitive industry in the region. It will provide CyberSource with assistance in establishing operations and recruiting staff, and is also providing development support of £840,000. This will allow CyberSource to accelerate growth in development staffing without any increase in the expected expense plan for 2008.

CyberSource will maintain its four existing development centres located in Mountain View, California, Bellevue, Washington, American Fork, Utah and in Austin, Texas. Recruitment for the Belfast facility is currently underway, and the centre is expected to open during this calendar quarter. To learn more about employment opportunities in the Northern Ireland centre, please go to:

Leslie Morrison, CEO of Invest Northern Ireland said: “CyberSource is a welcome addition to Northern Ireland’s expanding cluster of global software-development companies. CyberSource’s choice of Belfast is further proof that world business leaders see Northern Ireland as a preferred development site. We welcome CyberSource to our growing family of international companies.”

About CyberSource
CyberSource Ltd is a wholly-owned subsidiary of CyberSource Corporation (NASDAQ: CYBS). CyberSource is a leading provider of electronic payment and risk management solutions. CyberSource solutions enable electronic payment processing for web, call centre, and point-of-sale environments. CyberSource also offers industry leading risk management solutions for merchants accepting card-not-present transactions. CyberSource Professional Services designs, integrates, and optimises commerce transaction processing systems. Over 237,000 businesses use CyberSource solutions, including half the companies comprising the Dow Jones Industrial Average. The company is headquartered in Mountain View, California, and has sales and service offices in Japan, the United Kingdom, and other locations in the United States including Bellevue, Washington and American Fork, Utah. For more information, please visit the CyberSource Ltd web site at or email

About Invest Northern Ireland
Invest Northern Ireland is the economic development agency responsible for securing new investment in the internationally traded services and manufacturing sectors. Focusing in particular on the financial services and ICT sectors, Invest NI works in partnership with public and private sector organisations to establish Northern Ireland as a high performance, high value location for international business. Invest NI also works with Northern Ireland companies to increase competitiveness, promote entrepreneurship and to facilitate the creation of more and better quality business start-ups. Invest NI is headquartered in Belfast and delivers its services through a network of regional and international offices.

“Safe Harbor” statement under the Private Securities Litigation Reform Act of 1995
Statements in this release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including, without limitation, statements regarding the company's expectations, objectives, anticipations, plans, hopes, beliefs, intentions or strategies regarding the future. Forward-looking statements in this release include, without limitation, statements regarding: (1) the number of employees to be hired; (2) the company driving innovation in ePayment management; (3) the global market increasing; and, (4) acceleration of development growth. Factors that could cause actual results to differ materially from the forward looking statements include risks and uncertainties such as changes in customer needs, the company’s ability to hire qualified employees, the risk of the economy, in general, and online economy, in particular, slowing down, new products and services offerings by the company and its competitors, any unforeseen event or any unforeseen system failures, and other risks indicated in our filings with the Securities and Exchange Commission. It is important to note that actual outcomes could differ materially from those in such forward-looking statements. Readers should also refer to the documents filed by CyberSource with the Securities and Exchange Commission, specifically the annual report filed on Form 10-K for the year ended December 31, 2007, filed with the Securities and Exchange Commission on March 11, 2008, and our quarterly reports filed on Form 10-Q from time to time, all of which identify important risk factors.

©2008 CyberSource Corporation. All rights reserved. CyberSource is a registered trademark in the U.S. and other countries. All other brands and product names are trademarks or registered trademarks of their respective companies.

Published on: 12:00AM on 7th May 2008