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To: Dan Hamilton who wrote (353)	10/29/2001 10:29:17 AM
From: Dan Hamilton	Read Replies (1) \| Respond to of 787

A good move to encourage more e-commerce... InfoSpace's Authorize.Net Payment Processing Platform to Offer ''Verified by Visa'' Payer Authentication Fraud ProtectionInfoSpace Maintains Commitment to Providing the Most Robust and Secure Platform for Online Payments by Offering Verified by Visa Compliant Fraud Prevention Services Through Agreement With iShopSecure BELLEVUE, Wash., Oct 29, 2001 (BUSINESS WIRE) -- InfoSpace, Inc. (NASDAQ:INSP), a provider of wireless and Internet software and application services, today announced that the company's Authorize.Net(TM) payment processing platform will offer real-time payer authentication anti-fraud technology that meets Verified by Visa compliance standards. This agreement demonstrates InfoSpace's commitment to leveraging new technologies to provide partners with the ability to deploy cutting edge services to their customers. The new service, which complies with the guidelines set forth under the Visa 3-D Secure global interoperability standard, offers participating merchants a fast and effective means to confirm the identity of a user, greatly increasing the security of online transactions and giving a new piece of mind to participating merchants who accepts payments online. Verified by Visa allows consumers to actively protect their Visa accounts from unauthorized use by selecting a personalized password. Each time cardholders make purchases at participating online stores, they are automatically presented with a Verified by Visa window where they enter their password and authenticate themselves to the Issuer. Verified by Visa significantly minimizes fraud and customer disputes because only the cardholder and their card Issuer know the password. In cases where a cardholder has not yet enrolled in the Verified by Visa program, and for all other credit cards and online checks used in online transactions with participating merchants, iShopSecure's proprietary TRANSACT-SECURE(TM) technology performs real-time multi-tiered authentication of the purchaser's identity during checkout using information that is only known by the actual cardholder. Together, Verified by Visa and TRANSACT-SECURE help merchants prevent credit card and eCheck fraud during checkout. Additionally, transactions from online merchants and telesales who sign up for the TRANSACT-SECURE service carry the iShopSecure insurance of up to $5,000 per transaction. "Authorize.Net merchants will now be able to take advantage of these payer authentication solutions which we believe will greatly enhance fraud protection for both our merchants and their customers," said Roy Banks, general manager of Authorize.Net. "This common sense approach to preventing fraud is tightly integrated into our gateway and represents a robust new revenue stream for Authorize.Net and our resellers." "We are very excited about our relationship with InfoSpace," said Joseph A. McDonnell, chairman and chief executive officer of iShopSecure, Inc. "iShopSecure is proud to offer Authorize.Net merchants both the Verified by Visa and TRANSACT-SECURE service which carries an insurance policy up to $5000 per authenticated transaction for all major credit cards and eChecks." 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.

To: Dan Hamilton who wrote (353)	10/29/2001 10:35:44 AM
From: howsmydrivingal	Read Replies (1) \| Respond to of 787

If I were an employee with 12 thousand options priced at 3.00 and felt that in the next five years the stock price was going to 17 per share, I'd be looking at 168,000 bucks for my trouble under the old plan. Now my employer is asking me to reduce my options into 3,000 restricted shares of the stock (vested over the next two years). On the one hand, I would have more control over when I could get some money, but assuming the stock price is at 17, then I get 42,000. Happy?, well in the back of my mind I'd doing some math. Although the company does dangle the carrot that certain employees that participate in this program have the chance at additional shares... The basic value of shares is benefited by the reduction of 50 million shares (maximum number if all employees participate.) Course not all employees received their options at a strike price at 3.00 and I believe the plan reads such that other options priced higher are brought down to 3.00 also. This is not true of all options at any price, but rather to the February 2001 plan as well as those options granted to new employees, right?

To: Dan Hamilton who wrote (353)	10/29/2001 11:34:37 AM
From: KLP	Read Replies (1) \| Respond to of 787

Interesting Belsheim said this, after 200 more employees are terminated....ONE year ago (Oct 12, 2000) GNET and INSP had approximately 900 employees EACH...Questions: 1) How many employees are at INSP today, and 2) Are there any former GNET employees left, and if so, how many? ~~~~~~~~~~~"The foundation of InfoSpace's success has always been its team of employees. Motivating and retaining our employees is critical to our long-term success," said Ed Belsheim, president and chief operating officer of InfoSpace. ~~~~~~~~~~