1/12/00 - AUTHORIZE.NET CERTIFIED TO UTILIZE VIRTUALNET(TM), VITAL'S LEADING INTERNET PAYMENT GATEWAY AUTHORIZE.NET NOW CER
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PROVO, Utah, Jan 12, 2000 /PRNewswire via COMTEX/ -- Authorize.Net Corporation, ( authorize.net ), a leading Internet payment authorization service for online businesses and a part of the Go2Net Network (Nasdaq: GNET), ( go2net.com ), today announced that it has received certification to process transactions through VirtualNet, the leading Internet payment gateway from Vital Processing Services(R) (Vital(R)). T5/8nnectivity to VirtualNet for real-time on-line payment transaction processing. Authorize.Net currently supports more than 57,000 online merchants.
Certification on VirtualNet brings fast, secure and affordable Internet transaction processing to Authorize.Net's Independent Sales Organizations and Merchant Service Providers that use Vital's payment platform. Authorize.Net provides a server-based transaction processing system that enables all types of businesses to authorize, process and manage real-time credit card and electronic check transactions over the Internet. Utilizing Internet Protocol, Authorize.Net will have a secure transport for payment processing through VirtualNet.
"The addition of Vital Processing Services to our network of payment processing platforms opens an incredible opportunity for both Vital and Authorize.Net," said Jeff Marcous, Authorize.Net senior vice president of business development. "We look forward to successful relationships with Vital's acquiring clients in offering our payment gateway services to their merchants who require real-time online capability. We are very excited to be working with one of the premier commerce providers in the card processing industry."
"We are pleased to certify Authorize.Net on our VirtualNet payment gateway. As Internet payment transaction volume continues to grow, we look forward to increasing volume on VirtualNet and expanding Authorize.Net's Internet processing reach through our client base," said Donna Embry, executive vice president of Vital Processing Services.
In the coming months, Authorize.Net will continue to grow its network of processors and is currently certified with four of the top five processing networks; First Data Corporation, Paymentech Processing Network, Nova Information Systems and now Vital Processing Services.
About Vital Processing Services Vital Processing Services(R) (Vital(R)) is the world's recognized leader in technology-based commerce enabling services. Vital's clients include acquiring institutions and their agents that provide a wide variety of electronic payment processing services to merchants. Vital's product offering includes Portfolio Management Services and Merchant Point-of-Sale Products. Headquartered in Tempe, Ariz., Vital does not compete with its clients for their merchant business. Vital services include merchant POS products, electronic authorization and data capture; VirtualNet(TM) Internet-commerce suite of services; clearing, settlement and exception processing; merchant accounting, billing, and reporting; operational fulfillment services (including chargeback and retrieval processing); risk management; and customer service. Vital is a merchant processing joint venture of Visa(R) U.S.A. and Total System Services, Inc.(R) (TSYS(R)) (NYSE: TSS) (www.totalsystem.com). Vital can be found on the Internet at www.vitalps.com.
About Authorize.Net Corporation Founded in 1996 and acquired by Go2Net, Inc. in July 1999, Authorize.Net Corporation is the preferred payment-processing service for e-commerce -- providing secure, reliable and easy-to-use payment solutions that make the Internet a new revenue opportunity for businesses of all sizes. These tools also provide a smarter, faster, more economical method of transaction processing for retail-based storefronts and the services industry. Authorize.Net currently supports more than 57,000 online merchants. Authorize.Net uses a network of more than 1,000 ISOs and acquiring banks to resell its products. For more information on Authorize.Net Corporation, visit authorize.net.
About Go2Net, Inc. Go2Net ( go2net.com ) is a network of branded, technology- and community-driven Web sites focused on the categories of personal finance; search and directory; commerce and business services; and multi-player games. The company's Go2Net Labs division develops Web-related software and innovative technologies to enhance the features and functionality of the Go2Net Network's sites and for licensing to other Internet companies. The Go2Net Network is home to many of the Internet's leading vertical brands, including: Silicon Investor in the personal finance category; Go2Net.com, MetaCrawler, Dogpile, and 100hot in the area of search and directory; HyperMart, Virtual Avenue, FreeYellow.com, Authorize.Net, Haggle Online, and WebMarket in the commerce and business services segment; and PlaySite in the area of multi-player games.
This announcement contains forward-looking statements that involve risks and uncertainties, including those relating to the company's ability to grow its user and advertiser base. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the company's limited operating history, the competitive environment in which the company competes, the early stage of the Web as an advertising and electronic commerce medium, the company's dependence on advertising and sponsorship revenues, the company's dependence on strategic relationships to drive traffic to its Web sites, consumer acceptance of the company's new products and services, the company's ability to develop and integrate new technologies and services into its existing services, and the increased use of the Web for commerce. More information about the potential factors that could affect the company's business and financial results is included in the company's Annual Report on Form 10-K for the fiscal year ended September 30, 1999, which is on file with the Securities and Exchange Commission.
CONTACT: Kendra M. Romley, Public Relations Manager of Go2Net, Inc., 415-979-1402, or kendrar@go2net.com.
SOURCE Go2Net, Inc.
(C) 2000 PR Newswire. All rights reserved.
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CONTACT: Kendra M. Romley, Public Relations Manager of Go2Net, Inc.,
415-979-1402, or kendrar@go2net.com
WEB PAGE: vitalps.com
authorize.net
go2net.com
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