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Technology Stocks : InfoSpace (INSP): Where GNET went!
INSP 82.95-0.6%3:21 PM EST

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To: The O who wrote (25404)2/27/2001 10:25:06 AM
From: Sarkie  Read Replies (2) of 28311
 
InfoSpace Launches Wireless Payment Processing Service Turning Mobile Devices Into Point of Sale Systems

New Service Built on InfoSpace's Leading Payment Processing Platform,
Authorize.Net(TM), Which Processed $449 Million Worth of Transactions In
Q4 2000, Brings Wireless Payment Processing to Merchants Worldwide

BELLEVUE, Wash., Feb. 27 /PRNewswire/ -- InfoSpace (Nasdaq: INSP), a leading global provider of cross-platform merchant and consumer infrastructure services on wireless, broadband, and narrowband platforms, today announced the launch of a new mobile commerce service that enables merchants to process transactions anytime anywhere via almost any Internet-enabled personal digital assistant (PDA). InfoSpace's Wireless Payment Processing Platform, Pocket Authorize.Net(TM), allows credit cards to be authorized, charged or credited without using a traditional card swipe terminal or PC with a fixed line connection.

(Photo: newscom.com )

This announcement underscores InfoSpace's commitment to providing merchants with all of the tools necessary to market, promote, and sell their products and services to consumers over any device. Merchants now have the freedom and flexibility to instantly process transactions on the spot with a handheld device, particularly useful for businesses with mobile sales forces or any business that has a need to get closer to their customers.

"InfoSpace's merchant services are groundbreaking in their ability to bridge the online and offline worlds by providing solutions to local businesses and service companies that enable them to leverage technology to drive customer traffic and increase sales," said Naveen Jain, chairman and chief executive officer of InfoSpace. "The launch of the Wireless Payment Processing service provides yet another innovative technology to merchants that empowers them to develop new and creative ways to build their business."
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