CyberSource Corp.

William McKiernan is the Chairman and Chief Executive Officer of CyberSource Corporation. Prior to founding CyberSource, Mr. McKiernan was President and Chief Operating Officer of McAfee Associates, now Network Associates; Mr. McKiernan held this position during the company's initial public offering. Before joining McAfee, Mr. McKiernan was Vice President of Princeton Venture Research, Inc. and held management positions at ROLM/IBM. In addition to serving on the Board of Directors of the MMRF, Mr. McKiernan is the West Coast Chairman of the Boston College Technology Council. Mr. McKiernan holds a Bachelor of Science from Boston College and an MBA from Harvard Business School.

Mr. Ford is responsible for the development of CyberSource's products and services, as well as orchestrating the company's product marketing and product management execution. Prior to joining CyberSource, Mr. Ford led the research, development and quality assurance efforts for Extensity's suite of Java-based e-business applications. Mr. Ford has also served as Vice President of Engineering for Intrinsa, which introduced the industry's first software defect-detection solution using component simulation. Prior to Intrinsa, Mr. Ford was Vice President of Engineering for Objectivity, where he was also responsible for professional services and customer support. He was also Vice President of Engineering and Vice President of Advanced Technology at Boole & Babbage. Mr. Ford started his career with IBM South Africa where he held various software and hardware engineering positions.

Mr. Pellizzer joined CyberSource in February, 1999. He has held positions of increasing responsibility since then, culminating in his January, 2003 appointment to the position of Chief Financial Officer. In his current role, Mr. Pellizzer directs the company's corporate accounting, financial planning, reporting, investor relations, and stock administration. He had significant responsibilities during the company's initial public offering in 1999 and in the secondary offering later that year. Before joining CyberSource, Mr. Pellizzer held a variety of positions, including that of Audit Manager, with PricewaterhouseCoopers from 1991 to 1999. Mr. Pellizzer is a Certified Public Accountant and has a Bachelor of Science degree in Accounting from Santa Clara University.

Mr. Walsh oversees all of CyberSource sales and professional services activities worldwide. He has over 15 years of technology and financial services experience, eight of those years in positions of increasing responsibility at CyberSource. Mr. Walsh joined this company in 1998. He was named manager, North American sales in 2000. In 2001, he was promoted to the position of director of sales. On December 15, 2004, he was named vice president, worldwide sales. Prior to CyberSource, Mr. Walsh held various sales and business development positions at Oracle Corporation and Merrill Lynch. He holds a bachelor's degree in political science from The University of California at Irvine.

Ms. Brackett is responsible for the development and execution of CyberSource's long term channel and referral partner strategies. Prior to joining CyberSource, she spent nine years at First Data Corporation and its subsidiaries. She held a variety of senior positions at FDC, including senior vice president, business development and strategy and, vice president, internet commerce. Immediately prior to joining CyberSource, Ms. Brackett was vice president, marketing and strategic alliances at Exante Financial Services, a division of UnitedHealth Group. Earlier in her career, Ms. Brackett was an industry manager and senior product marketing manager at VeriFone. She is a cum laude graduate of Canisius College, with a bachelor's degree in business finance and marketing.

With over 15 years of technology and payment industry experience, Mr. Glaser leads the CyberSource Professional Services organization, which provides consulting, design, integration, and optimization services to businesses and organizations worldwide. He is a leading authority on eCommerce payment, reconciliation, security and fraud management process design and implementation. Mr. Glaser joined CyberSource in April, 2000. He was named Manager of consulting project management in 2001. In 2003 he was promoted to director of professional services. On January 6, 2006, he was named vice president, worldwide professional services. Prior to CyberSource, Mr. Glaser held key consulting positions with professional service organizations including IBM Global Services, EDS, and Compaq. He holds a bachelor's degree in mathematics from Indiana University of Pennsylvania.

Mr. Kim oversees all legal affairs of CyberSource, including licensing, regulatory compliance, litigation management, and corporate governance. Since joining the company in 1998, he played key roles in the company's public offerings, acquisitions, as well as the joint venture that formed CyberSource Japan. Before CyberSource, Mr. Kim worked in the legal department at Maxim Integrated Products. Prior to Maxim, he held the position of Information Technology Manager at a defense litigation firm in San Francisco, where he managed the technology infrastructure, coordinated implementation of document imaging systems, and co-authored an article on electronic discovery, which was published by the Defense Research Institute. Mr. Kim also served an externship as a Special Assistant District Attorney in the office of the District Attorney of New York County. He received his bachelor's degree from the University of California at Berkeley and his Juris Doctor degree from the Cardozo School of Law, Yeshiva University.

Mr. Barby leads the worldwide operations of CyberSource. He directs and oversees global information technology operations and technical services. Mr. Barby came to CyberSource with many years of experience in running complex data centers, networks, and payment applications. He has served as vice president of network and telecommunications at First Data Corporation and vice president of global telecommunications and network engineering at Visa. Prior to Visa, he managed Wells Fargo's network engineering. Immediately prior to joining CyberSource, Mr. Barby was vice president, network engineering and telecommunications at Safeway, Inc.

Mr. Martin directs the engineering activities for all CyberSource products, including global electronic payment, risk, reporting and compliance management. Mr. Martin began his CyberSource career in 1998. He has held positions of increasing responsibility since then, including, most recently, the position of senior director of engineering, where he oversaw development efforts for the company's web applications and reporting systems. He was named vice president, engineering, in March of 2006. Before coming to CyberSource, Mr. Martin was a manager at Sterling Software, engaged full-time at the National Aeronautics and Space Administration. Earlier in his career, he was a consultant working with US West in software development. He holds a bachelor's degree in computer science from Huntingdon College.

John Bodine is responsible for the sales and marketing functions of Authorize.Net, a CyberSource solution. He originally joined Authorize.Net as a member of the board of directors in 1998 when the company was still called NetSolutions. After a year on the board, Mr. Bodine was hired as the ninth employee in late 1998, serving as Director of Business Development, where he formed the strategic relationship with Go2Net, which acquired Authorize.Net in 2000. From 2000 to 2002, he worked for Ellis, Inc. where he acted as SVP of International Sales and Marketing. Mr. Bodine rejoined Authorize.Net in October, 2002 and has focused his efforts on growing and maintaining one of the largest indirect sales channels in the payments industry. He also managed the design and implementation of Authorize.Net's Affiliate Reseller channel which provides sales support for integration partners. Recently, Mr. Bodine has worked to establish a successful direct sales channel within Authorize.Net. He also oversees the branding, communication and promotional plans for the company's marketing efforts. He has held similar positions for Novell, WordPerfect and Baan. Mr. Bodine holds a bachelor of science degree in Marketing from Brigham Young University.

Ms. Fry-Sanchez oversees product planning and product management activities for all CyberSource solutions. Prior to CyberSource, Ms. Fry-Sanchez was vice president of global online services for First Data Corporation's Western Union web business. In that capacity, she managed the company's strategic direction, international expansion and new product initiatives. She also worked closely with the BidPay subsidiary of First Data that was ultimately acquired by CyberSource. Prior to these roles, she served as vice president for eCommerce and marketing at First Data. Before her tenure at First Data, Fry-Sanchez had a ten year career at Royal Caribbean Cruises where, among other duties, she oversaw the industry's first automated distribution system for trade partners and played a key role in the organization's initial entry into eCommerce. She holds a bachelor's degree in liberal arts and environmental studies from Florida International University.

In 2007, Mr. Orlando was asked to lead the strategic markets group which is responsible for direct sales, account management and business development to enterprise target accounts. He has over 20 years of experience in technology sales. Mr. Orlando has been at CyberSource since the year 2000, serving initially as a principal in the company's Professional Services Group selling deployment and integration of the company's products and then as a regional sales manager. In 2005, he was named director, strategic markets. Prior to CyberSource, he served as district sales manager for PaylinX Corporation, a company that was purchased by CyberSource in 2000. He worked in a variety of sales positions in the years prior, including AVT Corporation, Comdial Corporation, Nitsuko America, and Inter-Tel. Mr. Orlando has a Bachelor of Science degree in management from California Coast University.

Neil Buckley directs the engineering and quality assurance activities for all CyberSource products, including global electronic payment, order screening and reporting. He joined the company (through Authorize.Net) in June, 2005. Mr. Buckley is also general manager for the Bellevue office. Prior to joining CyberSource, Mr. Buckley was vice president of development at Vallent Corporation, (formerly WatchMark), in Bellevue, WA, where he led global development, quality assurance, and engineering teams in both domestic and international offices. He was instrumental in growing Vallent from startup to leading vendor of performance management products for wireless operators with 90% share of the US Market. Prior to Vallent, Mr. Buckley worked in London, Tokyo and Paris for a number of organizations including Alcatel, Lehman Brothers, ITT, US West and Credit Suisse-First Boston. Mr. Buckley holds a masters degree in computer science from Manchester University, Manchester, England. He also graduated with a bachelor of science in physics from the Royal College of Science, Imperial College, University of London.

Mr. Dembner leads CyberSource's marketing team - directing strategy and program execution across solutions marketing, industry marketing, corporate communications, demand generation and market intelligence. Mr. Dembner has 20 years of technology marketing experience in enterprise software, telecommunications and Internet services. He previously served as Vice President, Marketing for Applicast, driving the company from initial launch to a position as one of the leading enterprise application service providers. He was also Vice President, Marketing and Business Development for Honeycomb Software, an early developer of Web content management tools. Mr. Dembner has also served as a senior consultant to a number of fast-growing technology companies - building business plans and marketing programs for clients such as Atempo, @Home, ILOG, Optimal Networks and Wayfarer. Early in his career he held product management, product marketing and corporate strategy positions with Farallon Computing, ROLM/IBM and Strategic Planning Associates (now Mercer Management Consulting). Mr. Dembner holds a B.S. in Economics from the University of Pennsylvania's Wharton School and an M.B.A. from Stanford's Graduate School of Business. He serves on the Board of Directors of the Merchant Risk Council.

As Vice President of Customer Support for CyberSource, Patricia Martin is responsible for managing CyberSource's worldwide customer support operations. Prior to January 2001, Ms. Martin served as Senior Director of Information Technology for CyberSource. With over 15 years of customer service and IT management experience, Ms. Martin possesses a deep understanding of what it takes to deliver world-class customer support, including keen technical expertise and a passion to meet customer needs. This understanding and passion underscores her dedication to building a support organization that provides top-notch, unparalleled customer service. Before joining CyberSource, Ms. Martin was the Senior Manager of Business Applications at Acuson Corporation. Ms. Martin also held various management positions during her career at Silicon Graphics, Inc. from 1987 to 1997. Ms. Martin holds a Bachelor of Science degree in Information Technology from Santa Clara University.

Nine years as chief architect of CyberSource's annual survey of internet fraud have given Doug Schwegman a unique insight into the impact of eCommerce fraud on the American economy. He has been quoted in scores of industry, general business, and news media outlets on a diverse array of eCommerce fraud-related topics, including financial implications of the problem, most popular fraud detection tools and measures, chargeback strategies, and industry best practices for fraud prevention. He has spoken on these topics to a variety of organizations, including the U.S. intelligence community, the Merchant Risk Council, NACHA, the Electronic Payments Association, and the International Conference on Operations and Fulfillment. Mr. Schwegman has served as CyberSource Corporation's Director of Customer and Market Intelligence since 2000. Prior to CyberSource, Mr. Schwegman was a senior consultant at International Planning and Research, an international marketing consulting firm, supporting clients such as IBM, HP, and Microsoft, with market intelligence and analysis on the Asia Pacific region. He worked in worldwide market intelligence for Apple Computer for 13 years both in the U.S. and in Europe. Mr. Schwegman holds a BA and MBA from Southern Illinois University and a Masters of International Management from the Garvin School of International Management - Thunderbird.

Carl F. Pascarella has served as a member of our Board of Directors since March 2009. Mr. Pascarella is currently an Executive Advisor at TPG, a leading global private equity firm. From August 1993 to August 2005, he was the President and Chief Executive Officer of Visa USA and also Director of Visa International. From January 1983 to August 1993, Mr. Pascarella served as President & CEO and Director of Visa Asia Pacific LTD. Before joining Visa USA, Mr. Pascarella served as a Vice President of the International Division of Crocker National Bank and also the Head of the California International Banking and Trade Finance organization for Crocker National Bank. He also served as a Vice President of Metropolitan Bank at Bankers Trust Company. Mr. Pascarella previously served as a director of Cobalt Networks Inc., Business Objects S.A and BroadVision Inc. He holds a degree in Business from the University of Buffalo and an M.S. from the Stanford Sloan Program at the Graduate School of Business at Stanford University. There are no family relationships among any of our directors or named executive officers.

John J. McDonnell, Jr. has served as a member of our Board of Directors since September 2000. Since October 2008, Mr. McDonnell has been the Chief Executive Officer of ExaDigm, Inc., a provider of wireless and wired point-of-sale terminal solutions. Prior to that, he served as the Chief Executive Officer and Chairman of TNS Inc., a telecommunications company which provides network services for the financial industry, from March 2001 to December 2006. He founded TNS Inc. in 1990 and served as its Chief Executive Officer, President and director from its founding until it was acquired by PSINet Inc. in November 1999. In April 2001, Mr. McDonnell and a group of investors reacquired TNS Inc. from PSINet. He previously served as Chief Executive Officer of PaylinX Corporation ( PaylinX ) from January 2000, and as a director of PaylinX from February 1999, both until our acquisition of PaylinX in September 2000. He also serves on the board of directors of DealerTrack, Inc. Mr. McDonnell holds a BEE from Manhattan College and an MEE from Rensselaer Polytechnic University.

Steven P. Novak has been a director of the Company since the Company's inception in December 1997. Since July 2002, Mr. Novak has been President and Chief Executive Officer of Palladio Capital Management LLC which provides management services to Palladio Partners LP, an investment partnership. From January 1998 to December 2001, Mr. Novak was a Managing Director at C.E. Unterberg, Towbin. From February 1993 to January 1998, Mr. Novak served as co-founder, President, and Chief Investment Officer of C.E. Unterberg, Towbin Advisors, a registered investment advisor. Mr. Novak's prior affiliations include, among others, Forstmann Leff Associates, a fund manager, Sanford C. Bernstein & Company, Inc., an independent investment counselor, and Harris Bankcorp, a multibank holding company. Mr. Novak also serves as a director of Technology Investment Capital Corporation, a publicly-traded business development company, and several privately held companies. Mr. Novak holds a B.S. from Purdue University and an M.B.A. from the Harvard Business School.

By any definition, Bill McKiernan is an online commerce pioneer. He founded CyberSource in 1994. It quickly became one of the world's first organizations to build a website equipped with the now-familiar "buy" button - but that was hardly the company's only innovation. CyberSource originated the concept of the Internet commerce suite, which allows companies to outsource eCommerce transaction services on an as-needed basis, obviating their need to build and maintain costly and complex commerce infrastructures. Prior to founding CyberSource, Mr. McKiernan was president and COO of McAfee, Inc. He held this position during the company's initial public offering. Before joining McAfee, Mr. McKiernan was vice president of Princeton Venture Research, Inc., and held management positions at ROLM/IBM. Mr. McKiernan holds a B.S. from Boston College and an M.B.A. from the Harvard Business School. He is on the board of the Multiple Myeloma Research Foundation and is West Coast Chairman of the Boston College Technology Council.