Media Contact:
Linda Gray
ROI Corporation
800-569-1952 x333
Investor Relations:
Sharon Will
Saggi Capital Corp.
518-398-7830
Verified By Visa Reduces Fraud And Increases Online Consumer Confidence
KENNESAW, GEORGIA – October 25, 2001 – Return On Investment Corporation [OTCBB: ROIE] announced today that GO Software, Inc., an ROI subsidiary and the second largest provider of payment processing software in North America, has partnered with Visa U.S.A. to offer the Visa Payer Authentication service, based on the Visa 3-D Secure interoperability standard. Visa Payer Authentication is the basis for Verified by Visa, an Internet payment authentication process designed to reduce the risk of unauthorized use of cardholder accounts, making Internet shopping safer for both buyers and sellers. GO Software has developed the necessary interface in its RiTA™ product to enable Verified by Visa users to request and receive payment authentication at the time of transaction.
“Successful Internet commerce transactions depend largely on increased consumer and merchant confidence at the time of payment,” said Tony Abruzzio, Vice President and General Manager of GO Software. “Our RiTA product includes features that significantly reduce risk from fraudulent orders; such as use of encrypted data files and our proprietary systems for utilizing Visa`s Address Verification Service and CVV2. Interfacing this best-of-breed solution with Verified by Visa creates a win-win situation for our customers and Visa cardholders.”
Designed to enable a variety of hosting and merchant capabilities, RiTA Server is a highly scalable, multi-platform application that supports high-volume, multi-threaded transaction processing. RiTA provides TCP/IP connectivity directly to processing companies.
“Authenticating a Visa card at the point of sale is one of the best ways to stop fraud and potential losses,” said Jim McCarthy, senior vice president at e-Visa, a division of Visa U.S.A. “Visa is working with several technology partners like GO Software to give financial institutions easy and valuable alternatives in their implementation of Verified by Visa and help provide a more secure environment for consumers and merchants conducting commerce online.”
GO Software will use Verified by Visa to enable card Issuers to verify a cardholder’s identity through the use of a password and provide results to the merchant in real-time during the virtual checkout process. Authenticating a Visa cardholder’s identity helps reduce customer disputes and costly fraud losses for merchants and increases consumer confidence for online shopping.
About Return On Investment Corporation
Return On Investment Corporation ("ROI") (www.roicorporation.com) and its subsidiaries market merchant and financial software and services for a wide variety of computer systems and provide communications and connectivity software and services for IBM midrange computer systems (IBM iSeries and IBM AS/400). In the United States, in terms of the number of payment processing software licenses, GO Software (an ROI subsidiary) is the number one company in the IBM midrange market and is second behind First Data Corp. in all computing markets with more than 40,000 installations. S.A.F.E. Systems (an ROI subsidiary) provides a host-based, magnetic stripe stored value/gift card system and markets credit card processing and other transaction-based products and services to merchants. Net400 (an ROI subsidiary) provides software for IBM midrange computers that facilitates e-mail and e-commerce communications, system and device connectivity, and business-to-business and business-to-consumer transactions.
This document contains Forward Looking Statements which many include the terms "believes", "intends", or "expects". These terms are intended to reflect "forward looking statements" of the Company. The information contained herein is subject to various risks, uncertainties and other factors that could cause actual results to differ materially from the results anticipated in such forward looking statements or paragraphs. Readers should carefully review the risk factors described in other documents the Company files from time to time with the Securities and Exchange Commission, including the most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and any Current Reports on Form 8-K.
Trademarks are the property of their respective owners.
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