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Jenzabar to Use InfoSpace's Authorize.Net Payment Processing Platform to Provide Web-based, Real-Time Credit Card Authorizations for Higher Education Clients

CAMBRIDGE, MAApril 23, 2001–Jenzabar, a leading provider of Internet enterprise software, e-learning solutions, and services to higher education institutions, announced an agreement to add InfoSpace's Authorize.Net payment processing platform to its service offering. The integration of Jenzabar's Web products with InfoSpace's Authorize.Net service provides a gateway for Web-based, real-time credit card transactions. "Through our alliance with InfoSpace, Jenzabar's higher education clients can now offer, through Jenzabar, the convenience of Web-based payment services to their students and constituents," stated Ling Chai, Jenzabar COO and founder. "Administrators and students alike can rest assured that transactions will be secure through the Authorize.Net payment processing network."

"Using InfoSpace's Authorize.Net gateway, our clients can work with any merchant bank that has been certified by Visa and/or MasterCard associations," Chai said. "Our clients have the option to purchase our bundled service that includes the gateway and a merchant account provider, which will deliver aggressive discount rates and per-transaction fees. And, for clients seeking significantly lower discount rates, we also offer electronic check, or eCheck, acceptance as part of our bundled services," Chai added.

"Our highly scalable online payment processing platform is designed to support a wide range of organizations looking to quickly and securely authorize, settle and manage credit card and electronic check transactions in multiple currencies," said Roy Banks, senior vice president, InfoSpace. "We are pleased to see our payment processing service reaching world class educational institutions through this agreement with Jenzabar."

InfoSpace's Authorize.Net payment processing service is available for Jenzabar clients today. To activate this service, a client needs only to contact Jenzabar about setting up a gateway and a merchant account. Once connected, students and other constituents browsing the institution's web site at all hours of the day can make payments and donations with their credit cards. The online credit card transactions are executed securely and with immediate authorization notification through the Authorize.Net processing network.

About Jenzabar, Inc.
By improving the exchange of information through powerful business intelligence applications and services, Jenzabar's Internet enterprise software, e-learning solutions, and services deliver a competitive edge to higher education institutions. Dedicated to supporting and enhancing the educational community, Jenzabar's business units serve 700 higher education institutions worldwide, including students, professors, and administrators from private liberal arts, medical, law, state, and community colleges. Institutions employing Jenzabar solutions include The Claremont Colleges, Colby College, Daytona Beach Community College, William Mitchell College of Law, Governors State University, Bluffton College, Florida Southern College, Bay de Noc Community College, Berry College, and Harvard Medical School.

Jenzabar's offerings include Web-based enterprise software with student, institutional advancement, human resources, and financial applications; e-learning solutions; and a higher education enterprise information portal (EIP). Founded in 1998, Jenzabar is headquartered in Cambridge, Massachusetts, and currently employs more than 300 people in regional offices across the United States.

 

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