Authorize.Net Offers Free Trial of its Industry Leading Fraud Detection Suite -FDS-.BURLINGTON, Mass. -- Authorize.Net Corporation, a service of Lightbridge, Inc., (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : LTBG), today announced that it will begin offering a free month--with no setup fee--of its industry leading Fraud Detection Suite(TM) (FDS FDS Fim-De-Semana (Portugese: weekend) FDS Federated Department Stores, Inc. FDS Fiche de Données de Sécurité (Material Safety Data Sheets) FDS Famicom Disk System FDS Faculty of Dental Surgery ) to all merchants conducting e-commerce transactions on the Authorize.Net Payment Gateway. FDS is a set of customizable, rules-based transaction filters and tools that helps merchants identify, manage, and prevent suspicious and potentially costly fraudulent transactions. Merchants have the ability to customize filter settings to match their individual business needs and control how the payment gateway handles suspicious transactions, including the ability to hold a transaction for manual review. "It has been a year since we initially launched our FDS service," said Roy Banks, president, Authorize.Net. "In that time, we have seen first-hand how merchants that use FDS benefit by reducing their risk while saving time and money when dealing with fraud. We've decided to make this compelling offer so additional merchants can take advantage of our fraud detection service and experience for themselves the direct and tangible benefits of its powerful filters and tools." Specific FDS filters include: --Suspicious Transaction Filter - Detects highly suspicious transactions using proprietary identification criteria and transaction behavior analysis. --Amount Filter - Allows merchants to set lower and upper transaction amount thresholds, restricting high-risk transactions often used to "test" the validity of credit card numbers. --Velocity Filter - Limits the total number of transactions received per hour, preventing high-volume attacks common with fraudulent transactions. --Shipping-Billing Mismatch mismatch 1. in blood transfusions and transplantation immunology, an incompatibility between potential donor and recipient. 2. one or more nucleotides in one of the double strands in a nucleic acid molecule without complementary nucleotides in the same position on the other Filter - Identifies high-risk transactions with different shipping and billing addresses, potentially indicating purchases made using a stolen credit card. --Transaction IP Velocity Filter - Identifies excessive transactions received from the same IP address per hour, isolating suspicious activity from a single source. --Authorized AIM IP Addresses - Allows merchants submitting Advanced Integration Method transactions to list server IP addresses that are authorized au·thor·ize tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es 1. To grant authority or power to. 2. To give permission for; sanction: to submit transactions. --IP Address Blocking - Allows merchants to block transactions from IP addresses known to be used for fraudulent activity. "With FDS we have the peace of mind that when orders are approved, they are legitimate," stated Tracy Goodrum, co-owner of Sunflower sunflower, any plant of the genus Helianthus of the family Asteraceae (aster family), annual or perennial herbs native to the New World and common throughout the United States. Wrestling, an Authorize.Net merchant. "Before FDS, I was spending 75% of my time reviewing orders--now it's about 10%. We haven't processed a fraudulent transaction since we implemented the service. It's a great service." About Authorize.Net (www.authorize.net) Authorize.Net provides secure, reliable, Internet Protocol See Internet and TCP/IP. (networking) Internet Protocol - (IP) The network layer for the TCP/IP protocol suite widely used on Ethernet networks, defined in STD 5, RFC 791. IP is a connectionless, best-effort packet switching protocol. (IP) based payment gateway solutions that enable merchants to authorize To empower another with the legal right to perform an action. The Constitution authorizes Congress to regulate interstate commerce. authorize v. to officially empower someone to act. (See: authority) , settle and manage electronic transactions anytime, anywhere, via Web sites, retail, mail order/telephone order (MOTO) call centers and on wireless devices. Authorize.Net is sold through an extensive network of reseller An organization that sells hardware and software to the general public. Resellers purchase products from software publishers and hardware manufacturers. partners and leading financial institutions that offer its industry leading payment services to their merchant customers. Authorize.Net is a service of Lightbridge, Inc. About Lightbridge (www.lightbridge.com) Lightbridge, Inc. (NASDAQ:LTBG) is a leading analytics, decisioning and e-commerce company that businesses trust to manage customer transactions. Lightbridge adds value to fraud screening, credit qualification, payment authorization, billing, and enhanced voice services. Lightbridge solutions leverage intelligent automated systems and human expertise, delivered primarily through the efficiencies and cost savings of an outsourced business model. Businesses around the world use Lightbridge to make smarter decisions, deliver better services, provide secure payments, reduce costs and enhance the lifetime value of their customers. For more information, visit www.lightbridge.com or call 800-LIGHTBR. About Sunflower Wrestling (www.sunflowerwrestling.com) Sunflower Wrestling, based in Wellington, KS was founded in 1996 by owner, Darin Goodrum; a former collegiate col·le·giate adj. 1. Of, relating to, or held to resemble a college. 2. Of, for, or typical of college students. 3. Of or relating to a collegiate church. wrestler and coach. Goodrum recognized a demand for high quality wrestling gear and apparel that can be delivered at reasonable prices and with high quality customer service to wrestlers See
AUTHORIZE.NET, LIGHTBRIDGE, and the Lightbridge logo are registered trademarks of Lightbridge, Inc. All other marks are the property of their respective owners. Forward-looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. Certain statements in this news release that are not historical facts, including, without limitation, those relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the Company's partnerships, products, services, trial offerings, services markets and growth prospects and successes are forward-looking statements that involve risks and uncertainties. Such statements are based upon the current Authorize.Net's beliefs and expectations of the management of the Company. Actual results may vary materially from those contained in forward-looking statements based on a number of factors including, without limitation, (i) dependence on a limited number of clients, (ii) the Company's revenue concentration in the wireless telecommunications business and the declining subscriber growth rate in that business, (iii) continuing rapid change in the telecommunications industry and payment processing industries, and other markets in which the Company does business that may affect both the Company and its clients, (iv) the impact of competitive products, services and pricing on both the Company and its products and services, (v) market acceptance of the Company's new or enhanced products, services and technologies, (vi) the industry risks associated with Authorize.Net's business and operations including, without limitation, illegal or improper uses of Authorize.Net's payment system, unauthorized intrusions or attacks on Authorize.Net's payment system that may impair im·pair tr.v. im·paired, im·pair·ing, im·pairs To cause to diminish, as in strength, value, or quality: an injury that impaired my hearing; a severe storm impairing communications. the operations of its payment system, changes or failures to comply with credit card association rules, governmental regulation and the application of existing laws to Authorize.Net's business and dependence on relationships with a third party payment processors, and (vii) factors disclosed in the Company's filings with the U.S. Securities and Exchange Commission including, without limitation, its 2004 Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and its most recent Quarterly Report on Form 10-Q Form 10-Q See 10-Q. . The Company undertakes no obligation to update any forward-looking statements. |
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