BroadVision and Cyphermint to Bring New Level of Convenience to 7-Eleven Stores; BroadVision Applications to Power e-Commerce for Vcom In-Store Kiosks.Business Editors/High-Tech Writers REDWOOD CITY Redwood City, city (1990 pop. 66,072), seat of San Mateo co., W Calif., on San Francisco Bay; inc. 1868. Manufactures include commmunications, electrical, electronic, and medical equipment. , Calif.--(BUSINESS WIRE)--June 24, 2002 BroadVision, Inc. (Nasdaq: BVSN BVSN Broadvision, Inc. (stock abbreviation, AMEX) ), the leading provider of enterprise business portal applications, today announced that the company's BroadVision(R) Retail Commerce(TM) application will be used by Cyphermint, Inc. to provide a kiosk-based, web-shopping and service environment for 7-Eleven(R) convenience stores The following is a list of convenience stores organized by geographical location. Stores are grouped by the lowest heading that contains all locales in which the brands have significant presence. . Cyphermint, Inc, a privately financed technology company, has been tapped by 7-Eleven, Inc. (NYSE NYSE See: New York Stock Exchange : SE) to provide an Internet payment system and online shopping technology for 7-Eleven's Vcom(TM) kiosks. 7-Eleven's Vcom kiosks are a consumer-friendly point-of-purchase system designed to deliver convenient, secure in-store access to financial and e-commerce products and services. Vcom kiosks are now being tested in 98 7-Eleven stores in Texas and Florida. Today, 7-Eleven customers can use the system to cash checks, purchase money orders and obtain other financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. . Cyphermint will use BroadVision software to enhance the Vcom system by adding e-commerce and targeted marketing capabilities. BroadVision Retail Commerce will be used to develop a web-shopping environment that will give Vcom kiosk users round-the-clock access to products and services not traditionally available in 7-Eleven stores. Users will be able to purchase goods from a variety of approved merchants. "To bring 7-Eleven's innovative e-commerce project to life, we required advanced features, scalability and easy integration based on open standards Specifications for hardware and software that are developed by a standards organization or a consortium involved in supporting a standard. Available to the public for developing compliant products, open standards imply "open systems;" that an existing component in a system can be replaced , which made BroadVision software the ideal choice," said Patrick Lally, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Cyphermint. "The combination of Cyphermint and BroadVision will give 7-Eleven customers touch-screen access to a wide variety of goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. like event ticketing, travel, travel directions and maps as well as online shopping with convenient in-store fulfillment options." 7-Eleven expects to rollout additional Vcom kiosks starting later this year. "Vcom is a growth initiative for 7-Eleven," said Bill Sass, Vcom system development manager for 7-Eleven. "Vcom, enhanced by BroadVision and Cyphermint technology, is a vehicle for increasing in-store traffic as well as a competitive differentiator for 7-Eleven." "We're pleased that Cyphermint has chosen BroadVision's self-service commerce technology for this innovative application," said Sandra Vaughan, senior vice president of marketing for BroadVision. "We're confident that Cyphermint's work with 7-Eleven will generate new revenue opportunities and help to increase customer loyalty." About Cyphermint, Inc. Headquartered in Marlborough, Massachusetts Marlborough is a city in Middlesex County, Massachusetts, United States. The population was 36,255 at the 2000 census. The name of this town is sometimes spelled as Marlboro, rather than Marlborough, which is the official spelling. , Cyphermint is an e-commerce infrastructure and integration company operating three business units: (1) Internet Payment Systems Division, for B2C e-commerce B2C e-commerce The conducting of commerce by companies, government agencies, and institutions with consumers over the Internet. Amazon.com is typical of a company engaged in B2C e-commerce. via the Cyphermint Pay Cash System(TM), (2) Kiosk Systems Integration Division, partnering with NCR (NCR Corporation, Dayton, OH, www.ncr.com) A technology company specializing in financial terminal transactions, retail systems and data warehousing. Until the late 1990s, NCR was heavily invested in the hardware side of the industry, known worldwide as a major manufacturer of computers , using software from BroadVision to deliver Web-enabled self-service B2C (Business to Consumer) Refers to a business communicating with or selling to an individual rather than a company. See B2B. merchandising systems, and (3) International Money Transfer Systems Division, licensing the Cyphermint Pay Cash System technology to qualified "licensed agents." Find out more online at www.cyphermint.com About 7-Eleven, Inc. 7-Eleven, Inc. is the premier name and largest chain in the convenience retailing industry and is observing its 75th anniversary in 2002. Headquartered in Dallas, Texas “Dallas” redirects here. For other uses, see Dallas (disambiguation). The City of Dallas (pronounced [ˈdæl.əs] or [ˈdæl. , 7-Eleven, Inc. operates or franchises approximately 5,800 7-Eleven(R) stores in the United States and Canada and licenses approximately 17,000 7-Eleven stores in 17 other countries and territories throughout the world. During 2001, 7-Eleven stores worldwide generated total sales of more than $31 billion. Find out more online at www.7-Eleven.com. About BroadVision BroadVision's (Nasdaq:BVSN) enterprise business portal applications create immediate business value by transforming the way organizations do business -- moving relationships to a personalized, self-service model that enhances growth, reduces costs and improves productivity. Leading global companies use BroadVision as the basis for their enterprise business portal initiatives -- using the web and wireless devices to unify and extend an enterprise's applications, information and business processes to serve its employees, partners and customers in a personalized and collaborative way. For more information about BroadVision, Inc., call 650/542-5100, email info@broadvision.com or visit www.broadvision.com. Cyphermint and Cyphermint Pay Cash System are registered trademarks of Cyphermint, Inc. 7-Eleven and Vcom are registered trademarks of 7-Eleven, Inc. BroadVision and BroadVision Retail Commerce are trademarks or registered trademarks of BroadVision, Inc. in the United States and other countries. All other names mentioned herein are used for identification purposes only and may be trademarks of their respective companies. |
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