SOURCE: Lightbridge

April 18, 2007 15:55 ET

Authorize.Net Enhances Automated Recurring Billing™

New Application Programming Interface Provides Merchants With More Flexibility for Managing Subscription-Based Transactions

LAS VEGAS, NV -- (MARKET WIRE) -- April 18, 2007 -- 2007 ETA Annual Meeting & Expo -- Authorize.Net Corp., a service of Lightbridge, Inc., (NASDAQ: LTBG), announced today the availability of an application programming interface (API) for its Automated Recurring Billing™ (ARB) service. ARB allows merchants to create "subscriptions" or recurring transactions as an additional payment option for customers. Merchants simply provide the customer's payment information, a payment schedule and the subscription duration, and ARB does the rest, generating subsequent transactions automatically.

The ARB API is a free enhancement for ARB subscribers that enables merchants integrated to Authorize.Net via the Advanced Integration Method (AIM) to create and submit recurring transactions to the payment gateway directly from a Web site or other proprietary billing application. The addition of the API significantly increases ARB's functionality, allowing merchants to:

--  Expedite the creation and management of large volume subscriptions.
--  Build subscription or installment-based payment options on their Web
    site payment form.
--  Eliminate the need to manually enter, update or cancel subscriptions
    in the Authorize.Net Merchant Interface.
Additionally, all ARB data is stored in Authorize.Net's highly secure data center, which complies with the Payment Card Industry (PCI) Data Security Standard, thereby providing merchants and their customers with an added level of security.

"Authorize.Net initially launched the ARB service in 2003," stated Roy Banks, president of Authorize.Net. "Since then, thousands of our merchants have used ARB to streamline their business, reduce transaction declines and potentially save money in transaction fees. With the addition of the API, we expect ARB's adoption to accelerate as more merchants take advantage of this new functionality. We're thrilled to be able to offer it to our merchants without any additional service fees."

Deepika Prakash, founder of, was one of the first Authorize.Net merchants to implement the ARB API during its beta phase. "You cannot imagine how excited I was," stated Deepika. "Through the API, now creates, cancels or modifies subscriptions automatically. I also created a program that sends e-mails to customers with upcoming credit card expirations which include a link to an update form all processed through the API. It's seamless."

Authorize.Net merchants already using ARB that are interested in implementing the API should contact their Web developer. A developer guide is available at Merchants interested in activating ARB for their account can learn more in the Authorize.Net Merchant Toolbox at or can sign up in the Merchant Interface at

A case study documenting's success with the ARB API is available for download at

About Lightbridge and Authorize.Net (

Lightbridge's payment processing business, Authorize.Net provides secure, reliable, Internet Protocol (IP)-based payment gateway solutions that enable over 166,000 merchants to authorize, settle and manage electronic transactions anytime, anywhere, via Web sites, at retail, mail order/telephone order (MOTO) call centers and on wireless devices. In addition to its payment solutions, Authorize.Net offers extensive value-add products designed to help merchants manage their business, fight fraud, and improve profitability. Authorize.Net is sold through an extensive network of reseller partners and leading financial institutions that offer its industry leading payment services to their merchant customers.

About ( is used by nearly 93,000 sewing enthusiasts to collaborate, share and discuss their current sewing projects as well as their future ones. It catalogs and describes a variety of sewer's experiences and opinions in a structured way, allowing other sewers to quickly and easily find the information they are looking for. currently features nearly 30,000 sewing reviews contributed by its members.

AUTHORIZE.NET, LIGHTBRIDGE, and the Lightbridge logo are registered trademarks and Automated Recurring Billing is a trademark of Lightbridge, Inc. or its subsidiaries. All other marks are the property of their respective owners.

Forward-looking Statements

Certain statements in this news release that are not historical facts, including, without limitation, those relating to the Company's products, services, Automated Recurring Billing, data security, markets and growth prospects and success are forward-looking statements that involve risks and uncertainties. Such statements are based upon the current 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) the Company's revenue concentration in the payment processing business, (ii) continuing rapid change in the payment processing industry and other markets in which the Company does business that may affect both the Company and its customers, (iii) the impact of competitive products, services and pricing on both the Company and its products and services, (iv) market acceptance of the company's new or enhanced products, services, technologies, (v) current and future economic conditions generally and particularly in the telecommunications and payment processing industry, (vi) uncertainties about the Company's ability to execute on, and about the impact on the Company's business and operations of, its objectives, plans or strategies as a result of potential technological, market or competitive factors, (vii) the impact of compensation expense, restructuring, asset impairment and other charges on the Company's business and operations, (viii) integration, employee retention, recognition of cost and other benefits and revenue synergies, and other risks associated with acquisitions, (ix) 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 and attacks on Authorize.Net's payment system that may impair the operation of its payment systems, changes in or failures to comply with credit card association rules and governmental regulations, changes in the application of existing laws and the impact of new laws, and dependence on relationships with resellers, certain financial institutions and third party payment processors, and (x) the factors disclosed in the Company's filings with the U.S. Securities and Exchange Commission including, without limitation, its fourth quarter 2006 Quarterly Report on Form 10-Q, 2006 Annual Report on Form 10-K, and other public filings. The Company undertakes no obligation to update any forward-looking statements.

Contact Information