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CyberCash Chief Hails Microsoft E-Commerce Plans as Boost for Internet.


RESTON, Va.--(BUSINESS WIRE)--March 4, 1999--

CyberCash Anticipates Continued Partnership with Microsoft

in Electronic Commerce

Bill Melton
    William Edwin Melton (born July 7, 1945 in Gulfport, Mississippi), nicknamed "Beltin' Melton", is a former third baseman in Major League Baseball who played primarily for the Chicago White Sox. He is now a commentator for Comcast SportsNet White Sox broadcasts.
    , founder and chief executive officer, CyberCash, Inc. (Nasdaq:CYCH), said today that Microsoft's intentions to actively participate in the rapidly growing electronic commerce market are likely to increase the speed at which e-commerce develops. In a press release following Microsoft's announcement today in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , Melton mel·ton  
    n.
    A heavy woolen cloth used chiefly for making overcoats and hunting jackets.



    [After Melton Mowbray, an urban district of central England.]
     said that Microsoft, combined with the efforts of CyberCash and its e-commerce partners, will change the face of e-commerce by making it easier for people everywhere to buy and sell 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.  on the Internet.

    "The impact of Microsoft's entry into the electronic commerce market could be dramatic," Melton said. "Just as Apple revolutionized the desk-top publishing desk-top publishing desk npublication assistée par ordinateur, PAO f  business, Microsoft could help redefine the look of electronic commerce. CyberCash is very proud to be a partner with Microsoft already on a number of important e-commerce products."

    As part of today's announcement, Microsoft named CyberCash as one of its Microsoft Commerce Business Applications Partners.

    In January, Microsoft unveiled its Complete Commerce initiative, a packaged electronic commerce solution for medium to large-sized enterprise businesses looking to commerce-enable their web sites through hosting service providers. As part of that solution, CyberCash makes it possible for merchants to accept real-time payments through the CyberCash CashRegister 3 service.

    Also in January, CyberCash released an enhanced version of its payment component software for Microsoft's Site Server, Commerce Edition. The upgraded software for Site Server Commerce provides enhanced security for processing payments over the Internet and makes it significantly easier for developers to integrate settlement transactions into back-end systems.

    CyberCash was one of the first Internet payment services See Web payment service.  to support Site Server. The Site Server, Commerce Edition product was Microsoft's premier entry into the web-based commerce market and is one of the easiest to implement solutions today for creating a comprehensive storefront on the Internet.

    "We look forward to continuing to work with Microsoft on projects that will enhance the future of electronic commerce," Melton said.

    Microsoft chairman and chief executive officer, Bill Gates (person) Bill Gates - William Henry Gates III, Chief Executive Officer of Microsoft, which he co-founded in 1975 with Paul Allen. In 1994 Gates is a billionaire, worth $9.35b and Microsoft is worth about $27b. , and Melton will be among several industry luminaries presenting keynote addresses at the upcoming Comdex/Spring '99 and Windows World An earlier computer exposition sponsored by COMDEX. Its first show was in 1991, and it was often held in conjunction with another computer show. See COMDEX.  '99 exhibition next month in Chicago. -0- CyberCash is the world's leading provider of secure electronic commerce payment technologies and services spanning the retail point of sale through the Internet. CyberCash and the CyberCash logo are trademarks, service marks, registered trademarks or registered service marks of CyberCash, Inc.
    COPYRIGHT 1999 Business Wire
    No portion of this article can be reproduced without the express written permission from the copyright holder.
    Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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    Publication:Business Wire
    Geographic Code:1USA
    Date:Mar 4, 1999
    Words:409
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