Authorize.Net Validates Its CISP Compliance; Reflects Authorize.Net's Commitment to Adhering to Industry-Led Security Initiatives.Business Editors/High-Tech Writers BELLEVUE, Wash.--(BUSINESS WIRE)--Dec. 16, 2003 Authorize.Net, an industry-leading provider of secure, reliable IP-based payment solutions, today announced it has been independently validated as compliant with the Visa Cardholder Information Security Program The Cardholder Information Security Program (CISP) was a program established by Visa USA to ensure the security of cardholder information as it is being processed and stored by merchants and service providers. CISP has since been superseded by the [https://www. (CISP CISP Cardholder Information Security Program (Visa) CISP Comitato Internazionale per lo Sviluppo dei Popoli CISP Certified IRA Services Professional (American Bankers Association) ). CISP establishes a set of twelve industry-wide requirements designed to protect sensitive information from being compromised. These requirements, which also include numerous sub-requirements, are directed at all businesses that store, process, or transmit cardholder card·hold·er n. One who holds a card, especially a credit card. card  hold information. The announcement demonstrates 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) .Net's commitment to protecting the confidentiality and integrity of credit card and personal data of cardholders that make purchases from merchants using the Authorize.Net payment gateway. To meet Visa's rigorous CISP compliance guidelines, Authorize.Net employed an independent, Visa-qualified auditor to perform a thorough inspection of Authorize.Net's payment processing environment. The process included an intensive review of how sensitive information is classified, accessed, and stored, an analysis of network and system architecture, a complete assessment of IT policies and procedures Policies and Procedures are a set of documents that describe an organization's policies for operation and the procedures necessary to fulfill the policies. They are often initiated because of some external requirement, such as environmental compliance or other governmental , an on-site inspection of physical data center facilities, employee interviews and more. CISP compliance is the most recent of a number of important initiatives undertaken by Authorize.Net to assure merchant and consumer information is protected and secure. In addition to CISP, Authorize.Net recently launched cardholder authentication (1) Verifying the integrity of a transmitted message. See message integrity, e-mail authentication and MAC. (2) Verifying the identity of a user logging into a network. programs including Verified by Visa Verified by Visa is a system used by Visa as an added layer of security for online credit and debit cards transactions. A similar system is used by MasterCard under the name SecureCode (which is completely separate from verified by Visa, although it uses the same protocol). . Both CISP and Verified by Visa are central components to Authorize.Net's overall risk management strategy. "We're proud to be recognized by Visa as compliant under their CISP security requirements," said Prakash Kondepudi, Authorize.Net executive vice-president. "We are committed to serving our merchant customers by regularly introducing new features and security initiatives like CISP, so they can focus on their business." About Authorize.Net Authorize.Net provides secure, reliable, IP-based payment gateway solutions that enable merchants to authorize, settle and manage electronic transactions via Web sites, at brick-and-mortar stores, 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 Authorize.Net's industry-leading payment services to their merchant customers. Authorize.Net is a service offered by InfoSpace Payment Solutions, a business of InfoSpace, Inc. (Nasdaq:INSP INSP Inspection INSP Inspector INSP Inspect INSP Inspirational Network INSP Institut des Nanosciences de Paris (French) INSP International Nuclear Safety Program INSP International Network on Strategic Philanthropy ). Additional information on Authorize.Net can be found at: http://www.authorize.net. Additional information on InfoSpace can be found at http://www.infospaceinc.com. About the Visa Cardholder Information Security Program The Visa U.S.A. Cardholder Information Security Program (CISP) defines a standard of due care and enforcement for protecting sensitive information. Because the payment industry places a high priority on maintaining the confidentiality and integrity of account and personal data, the CISP requirements are directed to all entities that store, process, or transmit cardholder information. The program ensures the annual validation of merchants that accept Visa and all service providers on both the Issuing and Acquiring side of the business. Additional information on the Visa Cardholder Information Security Program can be found at: http://usa.visa.com/business/merchants/cisp_index.html. This release contains 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. regarding the certification of Authorize.Net as CISP compliant by Visa. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Factors that could affect InfoSpace's actual results include maintenance of Authorize.Net's CISP certification and effectiveness of Authorize.Net's security measures Noun 1. security measures - measures taken as a precaution against theft or espionage or sabotage etc.; "military security has been stepped up since the recent uprising" security . A more detailed description of certain factors that could affect actual results include, but are not limited to, those discussed in InfoSpace's most recent Quarterly Report on Form 10-Q Form 10-Q See 10-Q. , in the section entitled "Factors Affecting Our Operating Results, Business Prospects and Market Price of Stock." Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. InfoSpace undertakes no obligation to update publicly any forward- looking statements to reflect new information, events or circumstances after the date of this release or to reflect the occurrence of unanticipated events. |
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