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Microcap & Penny Stocks : INSP Investors Research -- Ignore unavailable to you. Want to Upgrade?

To: howsmydrivingal who wrote (89)	9/10/2001 9:05:23 AM
From: Dan Hamilton	Read Replies (1) \| Respond to of 787

More Authorize.net business. This gives INSP access to 200,000 more businesses. They currently claim 120,000 businesses (not including the recent Dydacomp deal) are users, so this deal alone could easily double their current revenues on Authorize.net down the road... Union Bank of California Selects InfoSpace's Authorize.Net Payment Processing Platform to Provide Online Payments Service for SMB MarketUnion Bank of California to Actively Market New Service Powered by Infospace Through UBOC's More Than 250 Branches to Customer Base of Over 200,000 Businesses BELLEVUE, Wash. & SAN FRANCISCO, Sep 10, 2001 (BUSINESS WIRE) -- InfoSpace, Inc. (Nasdaq:INSP), a leading provider of the platform and applications that enable partners to deliver consumer and commerce services across the Internet to any device over current and next-generation networks, and Union Bank of California, N.A., today announced that Union Bank of California has selected InfoSpace's payment processing platform, Authorize.Net(TM), to power a new online payments service to be offered to UBOC's business clients under the UBOC brand. UBOC's new service will enable its business customers to accept credit card payments over the Internet directly from a Web site or by using an Internet-enabled PC or handheld device. Businesses will be able to assess, fraud-screen and settle credit card transactions online quickly and securely. In addition, business will be able to view and manage their payment gateway account online in real-time from almost any Internet enabled mobile device or PC. "Our partnership with InfoSpace provides us with the technologies we need to continue the roll out of new, cutting edge services to our customers that both expands our offering and develops new revenue streams," said Robin Ann Lambert, senior vice president of Union Bank of California. "The flexibility and scalability of InfoSpace's payment processing platform as well as its ability to tightly integrate with our systems and to support our brand made InfoSpace our first choice in deploying these new services." "This agreement demonstrates the successful execution of our strategy to provide the underlying technology and services that enable established companies such as Union Bank of California to provide their customers with a wider range of services, build stronger brands and develop new revenue streams," said Naveen Jain, chairman and chief executive officer of InfoSpace. 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. Over 120,000 merchants have signed up for Authorize.Net, which enables merchants to authorize, process, and manage credit card and electronic check transactions on Internet-enabled mobile devices and personal computers. About Union Bank of California Based in San Francisco, UnionBanCal Corporation is a bank holding company with assets of $35.8 billion at June 30, 2001. Its primary subsidiary is Union Bank of California, N.A., the third largest commercial bank in California. Union Bank of California, N.A., has 244 banking offices in California, 6 banking offices in Oregon and Washington and 18 international facilities. The Website is located at www.uboc.com.