SOURCE: Lightbridge

April 18, 2007 15:58 ET

Authorize.Net Enhances Its Hosted Payment Form

Improvements Provide an Increased Level of Customization and Security

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 upcoming release of its enhanced hosted payment form, which allows merchants to accept consumer payments through their Web sites without ever having to collect, transmit, or store sensitive cardholder information.

The hosted payment form is a key component of Authorize.Net's Server Integration Method (SIM), which is used for connecting to the payment gateway. With SIM, the payment gateway handles each of the steps in the transaction process, including the secure collection and transmission of all consumer payment information, the generation of a receipt to the customer, and the secure storage of all cardholder information for the merchant.

New enhancements to the hosted payment form include:

  +     Strengthened security featuring CAPTCHA, which eliminates the
        threat of automated fraud attempts by requiring the customer to
        manually type letters and/or numbers that appear in a
        randomly-generated image on the payment form.
  +     Additional capability for displaying line-item information on the
        payment form.
  +     Further customization of the look and feel of the payment form to
        better match the merchant's Web site.
  +     The ability for the merchant to preview their customized payment
        form in the Merchant Interface.
Authorize.Net's hosted payment form is an ideal solution for merchants as its data handling capabilities greatly simplify the cost and effort required for their compliance with the Payment Card Industry (PCI) Data Security Standard. Another key advantage is that merchants using the hosted payment form do not have to purchase and install a Secure Sockets Layer (SSL) certificate to process secure transactions. The security of a SIM transaction is assured through transaction unique encryption, and bolstered by the new CAPTCHA feature.

The hosted payment form is also capable of displaying the Authorize.Net Verified Merchant Seal™, which confirms to consumers that the merchant they are purchasing from is a verified Authorize.Net merchant. By displaying the seal, merchants can increase confidence for consumers who may be concerned about the security of making online purchases.

"Data security and compliance with industry regulations such as PCI is more important than ever," stated Roy Banks, Authorize.Net president. "With these enhancements to our hosted payment form we expect more merchants of all sizes to integrate to Authorize.Net via SIM in order to take advantage of its secure data handling and storage of cardholder information."

The hosted payment form enhancements are expected to be released to the public in mid May. Merchants and developers interested in learning more can download the SIM Implementation Guide available 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.

AUTHORIZE.NET, LIGHTBRIDGE, and the Lightbridge logo are registered trademarks and the Authorize.Net Verified Merchant Seal 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, 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.

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