Product: Automated Recurring Billing

Company: Authorize.Net, an InfoSpace, Inc. service

Merchants selling products and services over the Internet typically require a payment gateway in order to accept payments online, so their customers can pay promptly with credit cards and/or electronic checks. But many merchants also want to offer their customers a way to schedule and pay bills on a recurring basis.

Hosting/ISP companies, online dating services, telecommunications, health clubs and e-magazines are some of the merchant categories benefiting from Authorize.Net's recurring billing services.

Authorize.Net now offers its merchants the Automated Recurring Billing service that allows them to create billing 'subscriptions'' that include a customer's payment information, the amount to bill and appropriate billing intervals and duration. The product also stores and secures all of a customer's personal and billing information.

Once merchants have these data, then Authorize.Net generates subsequent recurring transactions based on merchants' defined billing schedules and customers' payment preferences.

Some of the features of the product include: multiple ways to create subscriptions; flexible options for billing including weekly, monthly and other merchant-defined intervals; a search tool for locating subscriptions; and subscription status alerts.

By using automated recurring billing, merchants can benefit from reduced payment authorization declines and excessive administrative tasks.

Brick-and-mortar merchants using Authorize.Net's Virtual Terminal solution can also benefit from the Automated Recurring Billing product.

Virtual Terminal is a browser-based product merchants use to authorize, process and manage credit card transactions from any computer with an Internet connection and a Web browser.

Virtual Terminal replaces standard authorization terminals or software and provides an ideal solution for merchants manually entering credit card transactions for MO/TO sales.

Authorize.Net Corp.

915 South 500 East Suite 200

American Fork, UT 84003

801-492-6450

www.authorizenet.com

InfoSpace, Inc.

601 108th Avenue NE, Suite 1200

Bellevue, WA 98004

425-201-6100

www.infospaceinc.com