Vesta to Assume Existing Relationships, Develop New Products
PORTLAND, Ore., Feb. 21 /PRNewswire/ -- Vesta Corporation, a global pioneer in value-added payment solutions, has acquired the Telecom Decisioning Services (TDS) assets of Lightbridge, Inc.
TDS provides comprehensive integrated decisioning and support services that enhance a client's customer acquisition strategies. The service overlays client and third-party data with proprietary statistical models to determine applicant creditworthiness. TDS also provides multifaceted fraud tools and sophisticated database analysis to identify potential fraudulent activity.
This acquisition further diversifies Vesta's offerings, building upon its portfolio of payment and security services for wireless carriers.
"The real-time decisioning services of TDS are an excellent complement to Vesta's existing payment solutions," said Vesta's CEO, Doug Fieldhouse. With operations centers in North America, Asia and Europe, Vesta provides virtual payment solutions for telecommunications, travel and public utility industries worldwide.
"Vesta is committed to maintaining existing TDS products and customer relationships," adds Fieldhouse. "In addition, we are eager to combine Vesta's experience with thin-file/no-file customers with the credit decisioning technology from TDS to develop innovative new product and services." About Vesta Corporation Headquartered in Portland, Oregon, USA, with operations in China and Europe, Vesta is a pioneer and worldwide leader in virtual payments. Vesta utilizes proprietary authentication and fraud screening measures in managing its telecommunications clients' electronic payment programs, and provides secure, privacy-assured payment alternative to end users. Vesta has been recognized by Inc. magazine as one of America's fastest growing privately owned companies for five years running. Vesta's clients include AT&T, Cingular Wireless, China Mobile, China Unicom, T-Mobile USA, Verizon, IDT, Sprint and numerous others. For more information visit http://www.trustvesta.com/ or email questions to .
About Lightbridge Lightbridge, Inc. (NASDAQ:LTBG) Lightbridge's payment processing business, Authorize.Net provides secure, reliable, Internet Protocol (IP) based payment gateway solutions that enable over 166,000 merchants to authorize, settle and manage electronic transactions anytime, anywhere, via Web sites, at retail, mail order/telephone order (MOTO) call centers and on wireless devices. Authorize.Net is sold through an extensive network of reseller partners and leading financial institutions that offer its industry leading payment services to their merchant customers. DATASOURCE: Vesta Corporation CONTACT: Joshua Rush, Director, Marketing of Vesta Corporation, +1-503-790-2500, or Web site: http://www.trustvesta.com/
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