Two companies late last night were seeking legal advice after Melbourne based Cybersource boss Con Zymaris discovered a UK registered company was marketing a product using his company's name.
Zymaris made the discovery last week after reading in ARN Daily (October 13) about CyberSource International's plans to sell its Internet payment gateway in Australia.
"We, Cybersource Pty. Ltd, aren't connected in any way with this US company. They just happened to use our name, four years after we incorporated. Also, as far as I know, they will not be able to use that name [in Australia] as we are already trading under it and have been for 8 years," Zymaris said.
Zymaris expressed concern there was potential for confusion, as both are IT companies. His company provides IT professional services primarily in the Unix arena whereas CyberSource International offers a secure payment gateway for Internet merchants worldwide.
"As for what happens now, we'll wait and see," Zymaris continued. "It all depends on what name they use overseas and what name they intend to trade under here. But yes, we'll fight for the name as people know us by that name."
CyberSource International business development manager for Asia Pacific, Peter Burgess, was shocked when questioned about the Melbourne company.
"We trade under the name CyberSource Corporation in the UK and the US and have done since 1997," Burgess said.
"I have emailed our corporate attorney Peter Lim in the US and asked for immediate clarification on this issue. It has to be resolved because we consider Australia as a strategic platform to reach the Asia pacific region."
Peter Lim later emailed Burgess stating that CyberSource International is attempting to register a trademark in Australia but an un-named Australian company is blocking the application.