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Authorize.net tops 200,000 merchant customer mark |
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CyberSource Corporation says that its
Authorize.Net solution has achieved another merchant milestone, surpassing
200,000 active merchants on that payment service. This milestone closely
follows Authorize.Net's November 1, 2007 merger with CyberSource. With the
merger, CyberSource is now one of the industry's largest providers of payment
management solutions, with more than 220,000 merchants.
Authorize.Net is the small
business solution for CyberSource, catering primarily to merchants that
process less than $3 million annually in card volume. Founded in 1996,
Authorize.Net has seen dramatic growth in its merchant base over the past few
years. While it took approximately eight years for the company to surpass
100,000 active merchants, achieving that milestone in August 2004, it took only
slightly more than three additional years to double that number.
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Motorola Invests in VIVOTech |
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Motorola, Inc. through its Motorola Ventures
strategic venture capital arm, says it has made an equity
investment in ViVOtech Inc., an acknowledged leader in contactless and mobile phone
payment technologies. Financial terms of the deal were not disclosed.
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Vivonet Launches Halo Community Blog |
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Vivonet has launched the Halo Community Blog on the www.myhalo.com website to provide weekly advice for small to
mid-sized businesses with topics that range from effective marketing to how to
manage employees. The blog is designed to be one of the main sources of information for anyone looking to start a
business, or improve their existing one.
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First Atlantic Commerce and EVERTEC Expand Caribbean Offerings |
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First Atlantic Commerce Ltd (FAC), a leading, Internet multi‐currency, payment and
data management solutions provider, and EVERTEC, Inc. (“EVERTEC”), the
Caribbean’s leading processor of electronic transactions, today announced
FAC’s certification to EVERTEC’s e‐commerce processing platform in Puerto
Rico.
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AdvanceMe Patent Ruled Invalid |
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A U.S.
District Court judge in eastern Texas has ruled that an AdvanceMe Inc.-held
patent for its method of providing merchants cash advances against their future
credit card receivables is not valid, because it didn't qualify as a new business method. Judge Leonard Davis ruled that AdvanceMe's creator and
holder of the patent "merely built on long-established prior art." Noting that AdvanceMe's business was an example of excellent entrepreneurship, that did not
entitle AdvanceMe to patent protection.
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