CyberSource re-launched the BidPay online payment service on Monday. BidPay had been shuttered since CyberSource acquired it from First Data Corp./Western Union last year.

David Hansen, President of BidPay, told AuctionBytes about the re-launch of BidPay in an exclusive AuctionBytes.TV interview that can be seen here: http://auctionbytes.tv/cgi-bin/video-manager/frame.pl?features&06142006

Hansen, who had also headed the BidPay service under the former owner, said the service is an approved eBay payment service as evidenced by the company's booth at the eBay Live user conference. However, the payment service works differently than the previous BidPay service.

Users will no longer be able to purchase money orders online. Sellers now pay for the service, in which deposits are made directly to their U.S. bank account.

http://www.bidpay.com