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VeriSign Online Payment Transactions Display Record Volumes During the Heart of This Year’s Holiday Shopping Season

VeriSign Online Merchants Now Top More Than 100,000 and Process
More Than 30 Percent of Current North American eCommerce

MOUNTAIN VIEW, Calif., Dec. 19 /PRNewswire-FirstCall/ — VeriSign, Inc.
(Nasdaq: VRSN), the leading provider of critical infrastructure services for
the Internet and telecommunications networks, announced today that online
payment transaction volumes for its more than 100,000 online retailers are up
by 39 percent over 2002 during the busiest portion of the holiday shopping
season.

Since Thanksgiving through December 16, 2003, VeriSign Payment Services
has processed more than 23.6 million Internet merchant payment transactions
totaling approximately $3.54 billion in online sales volume. During the same
period last year, VeriSign processed 16.9 million transactions totaling
approximately $2.89 billion in online sales volume.

The average size of a single consumer transaction during this year’s
holiday season is also up by more than 16 percent at $142 per transaction,
versus approximately $122 per transaction last year. In addition, total sales
volumes for all VeriSign payments merchants combined increased by more than 22
percent over the same holiday shopping period during 2002. So far, the single
busiest online holiday shopping day of the year for VeriSign payment merchants
was the Monday following Thanksgiving, when VeriSign processed 1.68 million of
their online transactions.

"We’re seeing record numbers of online shopping activity across the board
this holiday season," said Trevor Healy, vice president of VeriSign’s Payment
Services. "We’re seeing bigger average transactions, more overall
transactions, and more overall customers using the Internet to purchase
merchandise online this year. The Internet continues to serve growing numbers
of consumers and businesses who recognize it as a safe, convenient method for
transacting and online shopping is therefore slowly grabbing a larger share of
the overall holiday economy."

VeriSign Payment Services serves more online retailers than any single
online payment processing service. VeriSign merchants include small, medium
and large companies such as: The Dallas Cowboys Pro Shops, Robert Mondavi
Winery, THE SAK, and Anaconda Sports.

VeriSign also secures Web sites for many of the leading Internet
retailers. Web sites distinguishing themselves as real and trusted online
businesses by displaying the VeriSign trust mark include: Circuit City
(http://www.CircuitCity.com), Omaha Steaks (http://www.OmahaSteaks.com), CompUSA
(http://www.CompUSA.com), and Godiva Chocolatier (http://www.Godiva.com)
VeriSign merchants’ online transaction revenues provide the industry’s
single most extensive snapshot of overall commercial Internet transactions and
serve as one of the Internet’s most prominent industry benchmarks for
evaluating online shopping trends during the holiday season.

About VeriSign

VeriSign, Inc. delivers critical infrastructure services that make the
Internet and telecommunications networks more intelligent, reliable and
secure. Every day VeriSign helps thousands of businesses and millions of
consumers connect, communicate, and transact with confidence. Additional news
and information about the company is available at http://www.verisign.com.

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