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Contact: Kendra M. Romley, Public Relations Manager, Go2Net, Inc. phone: (415) 979-1402 email: kendrar@go2net.com
Authorize.Net Certified to Utilize VirtualNetTM, Vital's Leading Internet Payment Gateway PROVO, UT, January 12, 2000 - Authorize.Net Corporation, (http://www.authorize.net/), a leading Internet payment authorization service for online businesses and a part of the Go2Net Network (NASDAQ: GNET), (http://www.go2net.com/), today announced that it has received certification to process transactions through VirtualNet, the leading Internet payment gateway from Vital Processing Services (Vital®). Through this certification, Authorize.Net will expand its network of processors to reach Internet clients who comply with Vital's standards for direct connectivity to VirtualNet for real-time on-line payment transaction processing. Authorize.Net currently supports more than 57,000 online merchants. Certification on VirtualNet brings fast, secure and affordable Internet transaction processing to Authorize.Net`s Independent Sales Organizations and Merchant Service Providers that use Vital's payment platform. Authorize.Net provides a server-based transaction processing system that enables all types of businesses to authorize, process and manage real-time credit card and electronic check transactions over the Internet. Utilizing Internet Protocol, Authorize.Net will have a secure transport for payment processing through VirtualNet. "The addition of Vital Processing Services to our network of payment processing platforms opens an incredible opportunity for both Vital and Authorize.Net," said Jeff Marcous, Authorize.Net senior vice president of business development. "We look forward to successful relationships with Vital's acquiring clients in offering our payment gateway services to their merchants who require real-time online capability. We are very excited to be working with one of the premier commerce providers in the card processing industry." "We are pleased to certify Authorize.Net on our VirtualNet payment gateway. As Internet payment transaction volume continues to grow, we look forward to increasing volume on VirtualNet and expanding Authorize.Net's Internet processing reach through our client base," said Donna Embry, executive vice president of Vital Processing Services. In the coming months, Authorize.Net will continue to grow its network of processors and is currently certified with four of the top five processing networks; First Data Corporation, Paymentech Processing Network, Nova Information Systems and now Vital Processing Services.
About Vital Processing Services
About Authorize.Net Corporation
About Go2Net, Inc.
This announcement contains forward-looking statements that involve risks and
uncertainties, including those relating to the company's ability to grow its
user and advertiser base. Actual results may differ materially from the results
predicted and reported results should not be considered as an indication of
future performance. The potential risks and uncertainties include, among
others, the company's limited operating history, the competitive environment in
which the company competes, the early stage of the Web as an advertising and
electronic commerce medium, the company's dependence on advertising and
sponsorship revenues, the company's dependence on strategic relationships to
drive traffic to its Web sites, consumer acceptance of the company's new
products and services, the company's ability to develop and integrate new
technologies and services into its existing services, and the increased use of
the Web for commerce. More information about the potential factors that could
affect the company's business and financial results is included in the
company's Annual Report on Form 10-K for the fiscal year ended September 30,
1999, which is on file with the Securities and Exchange Commission.
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