dcsimg
RealTime IT News

InfoSpace Reports Strong Growth for Payment Processing Platform

InfoSpace Inc. Wednesday announced it signed up a record number of new merchants to process transactions on its Authorize.Net payments platform in August.

"August marked a month of great achievement for the Authorize.Net payment processing platform," said Prakash Kondepudi, executive vice president of merchant services for InfoSpace. "We are seeing strong growth through both our reseller channel and our platform solution offered directly to leading financial institutions and other merchant service providers."

The Authorize.Net service provides server-based payment solutions that enable merchants to authorize, process and manage credit card and electronic check transactions in a secure, real-time environment 24 hours a day on Internet-enabled mobile devices and PCs. The service is offered directly to merchants through Authorize.Net's reseller channel and as a platform solution to financial institutions and merchant service providers. More than 120,000 merchants have signed up for the service to date.