InfoSpace Extends Its Lead in Online and Wireless Payment Processing With More Than 100,000 Merchants Signed up for Authorize.Net(TM) Service
BELLEVUE, Wash., Mar 8, 2001 /PRNewswire via COMTEX/ -- InfoSpace (Nasdaq: INSP chart, msgs), a leading global provider of cross-platform infrastructure products and services on wireless, broadband, and narrowband platforms, today announced that momentum continues to build as its Authorize.Net(TM) Payment Processing Platform reports more than 100,000 merchants have signed up to utilize the service. Additionally, InfoSpace today announced the launch of a private-label payment processing service enabling financial institutions, independent sales organizations (ISOs) and resellers to offer online payment processing to their merchant customers under their own brand.
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The news follows closely recent announcements by InfoSpace of enhancements to its Authorize.Net service, such as wireless payment processing on mobile devices, that are designed to continue driving merchant adoption as InfoSpace seeks to establish Authorize.Net as the default payment-processing platform for merchants worldwide.
"This announcement represents a major milestone for InfoSpace as we continue to build our network of offline and online merchants looking to us to provide them with innovative solutions that help them to leverage Internet technology to grow their business," said Naveen Jain, chief executive officer of InfoSpace.
InfoSpace's Authorize.Net Service
InfoSpace's Authorize.Net(TM) service has been pioneering online payment processing solutions since 1996 providing server-based payment solutions that enable merchants to process transactions in a secure, real time environment 24 hours a day and in over 150 currencies. The Authorize.Net service has grown to include more than 100,000 merchants enabled to authorize, process, and manage credit card and electronic check transactions in a real-time, online environment on mobile devices and Internet enabled personal computers.
About InfoSpace
InfoSpace is a leading global provider of cross-platform merchant and consumer infrastructure services on wireless, broadband, and narrowband platforms. The company provides commerce, information, and communication infrastructure services to wireless devices, merchants, and Web sites. InfoSpace's partners encompass a global network of wireless, PC, and non-PC devices, including cellular phones, pagers, screen telephones, television set-top boxes, online kiosks and personal digital assistants. InfoSpace has relationships with AT&T Wireless, Cingular Wireless, Intel, Virgin Mobile, Verizon Wireless, Hasbro, National Discount Brokers, and Bloomberg, among others. InfoSpace's affiliate network also consists of more than 3,200 Web sites that include AOL, Microsoft, NBC's Snap, Lycos, and ABC LocalNet. InfoSpace is also positioned to tap the market for broadband wired (DSL and cable) and broadband wireless (2.5G and 3G) services, such as interactive gaming, television and other entertainment services. In addition, the company recently added back-end payment processing to InfoSpace's existing commerce services, allowing InfoSpace to offer everything a merchant needs to conduct the entire lifecycle of a transaction, one of the key drivers of mobile commerce adoption.
Contact information:
Adam Whinston
InfoSpace
425-201-8946
adam.whinston@infospace.com
This release contains forward-looking statements relating to the development of the company's products and services and future operating results, including statements regarding InfoSpace's Authorize.Net(TM) service, that are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. The words "believe," "expect," "intend," "anticipate," variations of such words, and similar expressions identify forward-looking statements, but their absence does not mean that the statement is not forward-looking. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Factors that could affect the Company's actual results include growth rates within the Company's respective business areas, the progress and costs of the development of our products and services and the timing of market acceptance of those products and services. A more detailed description of certain factors that could affect actual results include, but are not limited to, those discussed in InfoSpace's Annual Report on Form 10-K, in the section entitled "Factors Affecting InfoSpace's Operating Results, Business Prospects and Market Price of Stocks." Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. InfoSpace undertakes no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.
Source: InfoSpace, Inc.
Contact:
Adam Whinston of InfoSpace, 425-201-8946, or
adam.whinston@infospace.com
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