BidPay has announced that online sellers and third party developers can now integrate BidPay as a payment option on their checkout pages allowing sellers to use BidPay as an alternative payment service across all online marketplaces from auctions to traditional Web stores.

BidPay has announced it is reducing the fees it charges online merchants and auction sellers and streamlining the purchase process when BidPay is used. On a $50 purchase, fees paid by merchants on domestic US payments will be reduced from $1.75 to $1.345 - a 23% reduction.

Consumer Reports takes a look at several online payment services, including Google Checkout, PayPal and Bill Me Later, that it says "can offer added security in an electronic world vulnerable to credit-card fraud and identity theft." The article adds "but they’re far from foolproof."

CyberSource and BidPay.com, Inc. have announced the re-launch of the popular BidPay auction payment service. Acquired by CyberSource in March 2006, BidPay "now returns with a number of competitive innovations including seller protection and the ability for sellers to accept payments from buyers around the world."

CyberSource has announced two senior management appointments: Scott Cruickshank as president and chief operating officer and David Hansen as president of BidPay.com, Inc., a wholly-owned subsidiary acquired by CyberSource on March 7, 2006.

CyberSource has announced that it has acquired BidPay.com, Inc. from First Data Corporation. In exchange for $1.8 million in cash, CyberSource acquired proprietary technology, databases, and certain intellectual property rights, including exclusive rights to the BidPay.com brand.

Ina Steiner reports for AuctionBytes on an online payment survey of readers conducted during January.

Last week, First Data Corp., as part of a series of restructurings and reorganizations now underway following replacement of its CEO, announced that its BidPay Online Auction Payment Service is being shut down later this week. This article explores what lessons might we learn from BidPay's ultimate failure in the market.

Ina Steiner reports for AuctionBytes.com that First Data's BidPay unit is closing down operations on December 31, 2005.

First Data Corp.'s BidPay.com has introduced a new direct-to-bank payment option for online auction payments. Sellers can receive payments from BidPay within approximately three banking business days. The BidPay service is free to sellers with buyers paying all of the BidPay service fees starting at a minimum of $1.95 per transaction.