VISA

UPDATE 1-Visa to buy online processor CyberSource :

Visa to pay $2 billion for e-commerce company
NEW YORK, April 21 (Reuters) - Visa Inc (V.N) said on Wednesday that it has agreed to buy CyberSource Corp (CYBS.O), a technology company that processes online payments, in a bid to increase its e-commerce business.

Visa, the world's largest credit and debit card processor, will pay $26 a share, or about $2 billion, for CyberSource.

The deal, which is expected to close in Visa's fiscal fourth quarter, will dilute its earnings for that quarter by about 4 cents to 5 cents a share.

CyberSource currently helps process about 25 percent of all online commerce transactions in the United States. Visa said the deal would accelerate the growth of all online payments, including those made using Visa credit, debit and prepaid cards.

CyberSource's president and chief executive, Michael Walsh, is expected to remain with Visa and continue to oversee his company's operations after the deal closes.