SOURCE: FreshBooks

December 20, 2007 09:00 ET

Authorize.Net® Selects FreshBooks for Its Merchant Toolbox

FreshBooks' Invoicing and Time-Tracking Service to Be Marketed to Authorize.Net's 200,000 Merchants

TORONTO--(Marketwire - December 20, 2007) - FreshBooks today announced that it has been selected by Authorize.Net, a CyberSource solution (NASDAQ: CYBS), for inclusion in its Merchant Toolbox.

Over 200,000 merchants use the Authorize.Net service to accept credit card and electronic check payments via Web sites, retail stores, mail order/telephone order (MOTO) call centers and on wireless devices. Authorize.Net launched its Merchant Toolbox in February 2007 with a goal of providing merchants with tools to help them run every facet of their business more effectively.

FreshBooks offers a painless online invoicing and time-tracking service designed to make Authorize.Net merchants look as professional as Fortune 500 companies. It changes the way businesses manage their books, saving them time, improving their cash flow, enhancing client communications, and streamlining their business processes. As part of the toolbox, Authorize.Net merchants save up to $12 on any monthly package.

Before FreshBooks, merchants would have to wait until the end of the month to do their billing, using a combination of complicated spreadsheets or software-based accounting software. Using FreshBooks, the same businesses bill their clients as they complete projects -- allowing them to get paid faster, and ultimately save time and money. Merchants can send invoices by email or the U.S. Postal Service, and automatically debit their clients' credit cards using recurring billing with Authorize.Net.

"Products that make our merchants more efficient and productive are the types of solutions we offer in our Merchant Toolbox," stated Authorize.Net President Roy Banks. "We selected FreshBooks for the Merchant Toolbox because we recognized the unique value their service provides. From generating accurate and detailed invoices to potentially getting paid faster, merchants using FreshBooks are sure to see immediate benefits and value."

"Authorize.Net is one of the largest and most respected payment gateways in the U.S.," said Michael McDerment, CEO of FreshBooks. "We provide a real-world solution with bottom-line benefits that help merchants simplify and improve their invoicing process, make more money, shorten the time for payments, and most importantly, improve the experience for the ultimate end user."

Links:

Authorize.Net Merchant Toolbox -- http://www.authorize.net/toolbox
FreshBooks Blog -- www.freshbooks.com/blog/
FreshBooks Press Centre -- www.freshbooks.com/media/

About FreshBooks, the Company

FreshBooks is an online billing service, best known for its online invoicing, online payments, and time-tracking services that help professionals save time, get paid faster, and wow their clients. Dedicated to its customers, the entire team at FreshBooks believes it is a service -- not a technology -- and treats its customers accordingly by offering outstanding customer service by phone, email, blog and forums. Based in Toronto and serving over 250,000 users in more than 100 countries, FreshBooks can be reached at 1-866-303-6061 or info@freshbooks.com.

Contact Information

  • Contact:
    Brian Solis
    FutureWorks
    408-720-8228 Ext. 101