Founded in 1996 as Authorize.Net, Inc., the company is now a subsidiary of Visa Inc. Its service permits customers to enter credit card and shipping information directly onto a web page, in contrast to some alternatives that require the customer to sign up for a payment service before performing a transaction.
[12] At the time of the 2010 acquisition, the company's CEO identified three priorities: expanding the ecommerce market, enhancing fraud detection and prevention, and improving data security.
[15] The DDoS attack lasted for over one week and caused a virtual shut down of the payment gateway's service.
[19] Authorize.Net processes card and ACH payments for companies from small and medium-sized merchants.
It offers fraud protection services, recurring billing subscriptions, and simple checkout options.