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Technology Stocks : InfoSpace.com
INSP 82.90-0.6%12:15 PM EST

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To: Goldbug Guru who started this subject4/23/2001 3:48:19 PM
From: Dan Hamilton  Read Replies (2) of 3070
 
Jenzabar to Use InfoSpace's Authorize.Net Payment Processing Platform to
Provide Web-based, Real-Time Credit Card Authorizations for Higher Education
Clients

CAMBRIDGE, Mass., April 23 /PRNewswire Interactive News Release/ -- Jenzabar,
a leading provider of Internet enterprise software, e-learning solutions, and
services to higher education institutions, announced an agreement to add
InfoSpace's Authorize.Net payment processing platform to its service offering.
The integration of Jenzabar's Web products with InfoSpace's Authorize.Net
service provides a gateway for Web-based, real-time credit card transactions.
"Through our alliance with InfoSpace, Jenzabar's higher education clients can
now offer, through Jenzabar, the convenience of Web- based payment services to
their students and constituents," stated Ling Chai, Jenzabar COO and founder.
"Administrators and students alike can rest assured that transactions will be
secure through the Authorize.Net payment processing network."

(Photo: newscom.com )

"Using InfoSpace's Authorize.Net gateway, our clients can work with any merchant
bank that has been certified by Visa and/or MasterCard associations," Chai said.
"Our clients have the option to purchase our bundled service that includes the
gateway and a merchant account provider, which will deliver aggressive discount
rates and per-transaction fees. And, for clients seeking significantly lower
discount rates, we also offer electronic check, or eCheck, acceptance as part of
our bundled services," Chai added.

"Our highly scalable online payment processing platform is designed to support a
wide range of organizations looking to quickly and securely authorize, settle
and manage credit card and electronic check transactions in multiple
currencies," said Roy Banks, senior vice president, InfoSpace. "We are pleased
to see our payment processing service reaching world class educational
institutions through this agreement with Jenzabar."

InfoSpace's Authorize.Net payment processing service is available for Jenzabar
clients today. To activate this service, a client needs only to contact Jenzabar
about setting up a gateway and a merchant account. Once connected, students and
other constituents browsing the institution's web site at all hours of the day
can make payments and donations with their credit cards. The online credit card
transactions are executed securely and with immediate authorization notification
through the Authorize.Net processing network.

About Jenzabar, Inc.

Jenzabar's Internet enterprise software, e-learning solutions, and services
deliver a competitive edge to higher education institutions by improving the
exchange of information through powerful business intelligence applications and
services. Dedicated to supporting and enhancing the educational community,
Jenzabar's business units serve 1,000 higher education institutions worldwide,
including students, professors, and administrators from private liberal arts,
medical, law, state, and community colleges. Institutions employing Jenzabar
solutions include The Claremont Colleges, Colby College, Daytona Beach Community
College, William Mitchell College of Law, Governors State University, and
Harvard Medical School. Jenzabar also facilitates IT training and certification
for corporate clients, including Global 500 corporations.

Jenzabar's offerings include Web-based enterprise software with student,
institutional advancement, human resources, and financial applications;
e-learning solutions; and a higher education enterprise information portal
(EIP). All are strengthened by partnerships with Accenture, edu.com, EMC,
Lexis-Nexis, Microsoft, Oracle, Tutor.com, and Yahoo!. Founded in 1998, Jenzabar
is headquartered in Cambridge, Massachusetts, and currently employs more than
400 people in regional offices across the United States. For more information,
please visit www.jenzabar.net or call Jack Elcik, Ed.D. at (513) 956-3345.
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