GROWTH AUTHORIZE.NET!!!!!!!!!!!!!
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authorizenet.com
GLOBAL PAYMENTS INC - To Use InfoSpace's Leading Payment Processing Platform - Authorize.Net for Secure Internet Payments
New York, New York, Mar 01, 2001 (Market News Publishing via COMTEX) -- An agreement designed to expand Global Payments' secure, real-time Internet payment offerings was announced today.
Under the terms of the agreement, Global Payments will add InfoSpace's Authorize.Net payment processing platform to its line of Internet-based payment solutions. Authorize.Net provides a transaction-processing gateway for businesses selling goods and services online allowing merchants to authorize, process and manage credit card payments in real-time from their Web site. Authorize.Net Web-based interface also enables merchants to accept payments from call center, MOTO, wireless, and retail environments.
"This relationship is great news for any merchant whose business depends on a functional, reliable eCommerce payment method, as well as the professional, dependable bankcard service for which Global Payments is known," said, Senior Vice President, Business Development for InfoSpace, Jeff Marcous.
"The agreement between Global Payments and InfoSpace emphasizes our company's strong commitment to the expansion of electronic commerce services and secure Internet payment processing solutions that make it fast and convenient for merchants to sell online," said Barry W. Lawson, CIO of Global Payments Inc.
InfoSpace's Authorize.Net has been pioneering online payment processing solutions since 1996 and is the most widely integrated gateway solution in the world with over 100,000 merchants enabled to accept secure, real time payments 24 hours a day from any browser accessible source.
Global Payments Inc. (NYSE: GPN chart, msgs) is a leading provider of electronic transaction processing services to merchants, Independent Sales Organizations (ISOs), financial institutions, government agencies and multi-national corporations. Global Payments offers a comprehensive line of payment solutions, including credit and debit cards, business-to-business purchasing cards, gift cards, check guarantee, check verification and recovery, terminal management and funds transfer services.
This document may contain forward-looking statements concerning the Company's operations, current and future performance and financial condition. These items involve risks and uncertainties such as product demand, market and customer acceptance, the effect of economic conditions, competition, pricing, development difficulties, the ability to consummate and integrate acquisitions, and other risks detailed in the Company's SEC filings. The Company undertakes no obligation to revise any of these statements to reflect future circumstances or the occurrence of unanticipated events.
CONTACT: Adam Whinston of InfoSpace, 425-201-8946, or adam.whinston@infospace.com.
OR: Phyllis McNeill of Global Payments
TEL: 404-728-2661
FAX: 404-728-3525
E-mail: phyllis.mcneill@globalpay.com
URL: globalpaymentsinc.com
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