Authorize.Net
Hoover's Company Profiles:
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Authorize.Net
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808 E. Utah Valley Dr. American Fork, UT 84003 UT Tel. 801-492-6450 Fax 801-492-6489 |
Type: Business Segment
On the web:
http://www.authorize.net
Authorize.Net makes it easier to pay with plastic. The company, which is a segment of CyberSource, provides secure transmission of credit card and electronic check payments via Web sites, retail stores, mail, telephone, and mobile devices. While its parent concentrates on medium and large merchants, Authorize.Net focuses on serving nearly 285,000 small-business merchant customers in the communications, education, food, government, and sports industries. The company charges those vendors either monthly or per-transation fees. Authorize.Net also offers credit qualification, fraud protection, and billing services.
Officers:
VP Sales and Marketing: Electronic Payment Systems
Competitors:
First Data
Google
PayPal
Wikipedia on Answers.com:
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Authorize.Net
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| Type | Subsidiary |
|---|---|
| Industry | Internet, Communications |
| Founded | 1996 |
| Headquarters | American Fork, Utah, USA |
| Parent | Cybersource (Visa) |
| Website | www.authorize.net |
Authorize.Net is a payment gateway service provider allowing merchants to accept credit card and electronic checks payments through their Web site and over an IP (Internet Protocol) connection. Authorize.Net claims a user base of over 305,000 merchants, which would make them the Internet's largest payment gateway service provider.[citation needed]
In November 2007 Cybersource purchased Authorize.Net for $565 million.[1] Authorize.Net was originally purchased in 2004 by Lightbridge for $82 Million.[2]
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Contents
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Outages
Authorize.Net's large user base makes them an ideal target for hackers and extortionists. In September 2004, Authorize.Net's servers were hit by a Distributed Denial of Service (DDoS) attack.[3] The DDoS attack lasted for over one week and caused a virtual shut down of the payment gateway's service. The attackers demanded money from Authorize.net in exchange for stopping the attack.
On July 2, 2009, 11pm, the entire web infrastructure for Authorize.net (main website, merchant gateway website, etc.) went offline and stayed down all morning July 3, 2009.[4][5] None of the over 200,000 merchants who use Authorize.net payment gateway were able to process credit cards. Authorize.net's phone numbers were closed July 3 because of the July 4th holiday as previously announced on their website (though the website was down at the time).[6] Other companies that have nearby offices have reported to the media that there was a fire.[4] Authorize.net started a twitter account that morning, but did not update their phones to give notice to customers until July 5 when they reopened phones.[7]
Media coverage
- Payment processor fears credit card crooks April 3, 2006
See also
References
- ^ "CyberSource to Buy Authorize.Net in $565M Deal". eWeek.com. 2007-06-19. http://www.eweek.com/article2/0,1759,2147769,00.asp. Retrieved 2007-06-19.
- ^ "Lightbridge Acquires Authorize.Net". TelephonyOnline. 2004-03-08. http://telephonyonline.com/mag/telecom_lightbridge_acquires_authorizenet/. Retrieved 2004-03-08.
- ^ "Hack Attack Gums Up Authorize.Net". Wired.com. 2004-09-21. http://www.wired.com/news/infostructure/0,1377,65039,00.html. Retrieved 2004-09-21.
- ^ a b Fire disrupts stations at Seattle's Fisher Plaza Friday, July 3, 2009 at 9:42 AM, Seattle Times
- ^ http://www.marketwire.com/press-release/Fisher-Communications-Inc-NASDAQ-FSCI-1012899.html
- ^ https://account.authorize.net/UI/themes/MintAnnouncement.htm . Retrieved July 6, 2009. See "24 June 2009" announcement. Announcements will eventually expire.
- ^ https://account.authorize.net/UI/themes/MintAnnouncement.htm . Retrieved July 6, 2009. See "3 July 2009" and "4 July 2009" announcements. Announcements will eventually expire.
External links
This entry is from Wikipedia, the leading user-contributed encyclopedia. It may not have been reviewed by professional editors (see full disclaimer)
