Lightbridge and Aircharge launch wireless payment processing service

Source: Lightbridge

Authorize.Net, Corp., a service of Lightbridge, Inc. (NasdaqNM:LTBG), and AIRCHARGE, a division of Pipeline Data Inc. (OTC BB:PPDA.OB), today announced the launch of a wireless payment processing solution featuring AIRCHARGE technology over the Authorize.Net Payment Gateway.

Merchants using the Authorize.Net Payment Gateway leverage the reliability, speed, and security of Internet Protocol (IP) technology to process mobile card present credit card transactions from any location via a J2ME compatible cellular phone equipped with an AIRCHARGE card reader.

"Authorize.Net continues to attract and foster premier partnerships with industry leading companies such as AIRCHARGE," stated Roy Banks, Authorize.Net president. "As IP based mobile transactions gain momentum this partnership will provide an impressive level of service for any company that needs to accept credit cards from a mobile location."

The integration of AIRCHARGE mobile solutions to the Authorize.Net Payment Gateway expands an important and emerging market for Authorize.Net's extensive network of over 2,500 Independent Sales Organizations (ISOs) that can now support sales of AIRCHARGE products through their own channels. Resellers can work with AIRCHARGE to equip merchants with full credit card processing through compatible cell phones, PDA's, and point-of-sale hardware.

AIRCHARGE president Robert Wallace said, "This launch further demonstrates our commitment to support the growing mobile payment market. With over 136,000 merchants and a robust and loyal reseller base, Authorize.Net is an ideal strategic partner for AIRCHARGE and we look forward to distributing our wireless payment solutions to Authorize.Net's merchants via its reseller channel."

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