''InstaBuy'' Agile Wallet From CyberCash Offered as Key Feature in Planned Distribution of One Million ``Free'' Apple iMac Computers by FreeMac.com.RESTON Reston, uninc. city (1990 pop. 48,556), Fairfax co., N Va., a planned community established in 1961. A suburb of Washington, D.C., Reston is organized in a series of residential villages and commercial areas. , Va.--(BUSINESS WIRE)--Aug. 3, 1999-- iMacs from FreeMac.com to be Pre-Loaded pre-loaded adj (Comput) [program etc] → vorinstalliert with InstaBuy Agile ag·ile adj. 1. Characterized by quickness, lightness, and ease of movement; nimble. 2. Mentally quick or alert: an agile mind. Wallets Making One-Click Shopping Available to More Than One Million FreeMac.com Users CyberCash A web payment processing service from CyberCash, Inc., Oakland, CA that allowed merchants to process credit cards and initiate direct transfers from customer checking accounts. Merchant transactions were sent to CyberCash servers which accessed the credit card networks and Automated , Inc., (Nasdaq:CYCH), the world leader in e-commerce e-commerce, commerce conducted over the Internet, most often via the World Wide Web. E-commerce can apply to purchases made through the Web or to business-to-business activities such as inventory transfers. technologies and services for merchants, today announced the company has partnered with FreeMac.com to make the InstaBuy Agile Wallet See digital wallet. available to more than one million computer users who will receive a "free" Apple iMac computer from FreeMac.com. In order to receive one of the popular, colorful desk-top computers, consumers must qualify for a FreeMac-branded Visa credit card and sign up for three years of an Internet service provider Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. service at $19.95 per month. "What FreeMac is doing is very compelling," said Denis Denis, king of Portugal: see Diniz. Yaro, executive vice president CyberCash. "Not only is the company creating a FreeMac community through the distribution of Apple iMac computers, FreeMac.com is making it simple for households receiving the computers to enjoy a variety of discounted products and services with the advantages of shopping with an InstaBuy Agile Wallet." "We wanted CyberCash to be part of our offering because the InstaBuy Agile Wallet is one of the most exciting developments in e-commerce to date. We feel strongly that InstaBuy will make shopping online easier for our community members, as well as increase the number of sales at the FreeMac.com store and at our online merchant sites," said Jonathan Strum, founder and chief executive officer, FreeMac.com. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Strum, members of the FreeMac.com community will be able to build free Web sites, create their own customized start pages, take part in e-commerce and experience the full range of multimedia capabilities offered by the iMac. FreeMac community members register for their wallets as part of the general FreeMac.com registration process. When their iMacs arrive, they activate their wallets by establishing a private password and can immediately use their wallets at the FreeMac store and at other InstaBuy merchants. "We want consumers to try the InstaBuy Agile Wallet to find out how simple it is to use and what an exceptional tool it is for online shopping," said Yaro. "Our partnership with FreeMac.com is an excellent way for us to get distribution of our wallet among a group of people who are likely to recognize the enormous advantages of InstaBuy and are likely to use it regularly as part of their online shopping experience," he said. In addition to CyberCash, FreeMac.com announced today that it is partnering with Internet service provider EarthLink and First USA, the first financial institution using the InstaBuy Agile Wallet technology. The program is scheduled for launch in September. About CyberCash CyberCash is a world leader in e-commerce technologies and services, enabling commerce across the entire market spectrum from electronic retailing environments to the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the . CyberCash provides a complete line of software products and services allowing merchants, billers, financial institutions and consumers to conduct secure transactions and other e-commerce functions using the broadest array of popular payment forms. Credit, debit A monetary amount that is subtracted from an account balance. A debit from one account is a credit to another. See credit. , purchase cards, cash, checks, smart cards Example of widely used contactless smart cards are Hong Kong's Octopus card, Paris' Calypso/Navigo card and Lisbon' LisboaViva card, which predate the ISO/IEC 14443 standard. The following tables list smart cards used for public transportation and other electronic purse applications. and alternative payment types (e.g., "frequent buyer" or loyalty programs) are all supported by CyberCash payment solutions. Leading brands of CyberCash include InstaBuy(TM), AgileWallet(TM), ICVERIFY(R), PCVERIFY(TM), CashRegister, NetVERIFY(TM) and PayNow(TM). For more information about CyberCash, please visit our Web site at http://www.cybercash.com. About FreeMac.com FreeMac.com will be the first company in the world to give away one million Apple iMac computers. Through the giveaway of these best selling consumer desktop computers, and through a number of partnerships, FreeMac.com's mission is to build the FreeMac community. This community will be a select group of over one million households who will be able to take advantage of discounted product and service offerings, as well as other highly targeted marketing opportunities. Founded by Internet visionary 1. visionary - One who hacks vision, in the sense of an Artificial Intelligence researcher working on the problem of getting computers to "see" things using TV cameras. (There isn't any problem in sending information from a TV camera to a computer. Jonathan Strum, the company is due to launch in September 1999. Legal Notice Regarding Forward Looking Statements This press release contains statements that are forward looking, including statements about the company's future profitability and stock price. They are based on the company's current expectations, and are subject to a number of uncertainties and risks, and actual results may differ materially. The uncertainties and risks include the need for additional capital, the pace of growth of Internet commerce the development by the company and its competitors of new products and services, strategic decisions by major participants in the industry, competitive pricing pressures, legal and regulatory developments, general economic conditions, and stock market developments affecting technology companies. Further information about these and other relevant risks and uncertainties may be found in the company's report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. , and its other filings with the Securities and Exchange Commission, all of which are available from the Commission and from the company's worldwide web site www.cybercash.com as well as other sources. CyberCash, the CyberCash logo, InstaBuy and the Agile Wallet Platform are trademarks, service marks, registered trademarks or registered service marks of CyberCash, Inc. For more information about the InstaBuy service, please visit our web site at http://www.instabuy.com. |
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