CyberCash Launches Powerful Upgrade of WebAuthorize Electronic Payment Software.Business Editors/Hi-Tech Writers RESTON, Va.--(BUSINESS WIRE)--Sept. 19, 2000 [pilcrow (paragraph sign)] First Version of WebAuthorize(TM) Offered Through Industry's Leading Reseller Network; Release Supports New E-Commerce Security Standards and B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business Processing; Product Line Includes a Version Designed Specifically for Sun Solaris(TM) Platform CyberCash, Inc. (Nasdaq:CYCH), the world's leading provider of electronic payment technologies and services, today announced the release of WebAuthorize(TM) 1.3, a powerful upgrade to its marquee electronic payment software product. WebAuthorize 1.3 is the first version of WebAuthorize to be made available through CyberCash's reseller channel - the payment industry's largest - and it supports new e-commerce security standards and business-to-business (B2B) processing. A Sun Solaris(TM) version of WebAuthorize 1.3 is the first CyberCash product designed specifically for the Solaris platform. WebAuthorize 1.3 represents a significant upgrade to WebAuthorize, offering superior performance for all types of payment transactions. WebAuthorize handles Internet and physical-world transactions, as well as telephone and mail order transactions. The new version also enables B2B payment processing through Visa/Mastercard Level 2 purchasing card A Purchasing Card is a form of company credit card that allows goods and services to be procured without utilising a traditional purchasing process. Purchasing Cards are usually issued to employees who are required to operate within a set of company rules and guidelines which support, and is certified with Amex Corporate Purchase Card. "WebAuthorize 1.3 enables resellers to offer merchants user-friendly, functional and flexible software that lets them complete online payment transactions quickly, easily and securely. As a whole new class of resellers comes online offering customized solutions to the merchant population, WebAuthorize 1.3 provides them with a powerful tool to give merchants exactly what they need and want. CyberCash has the largest base of merchant software customers in the industry, and this new product will help us broaden that reach even further," said Chuck Riegel, Executive Vice President, Worldwide Marketing at CyberCash. WebAuthorize 1.3 supports two new security standards for Internet commerce. It features Visa's Card Verification Value Two (CVV See CSC. 2) and MasterCard's Card Validation Code Two (CVC See CSC. 2), providing additional fraud prevention for Internet and mail orders when a card is not physically present. It also supports Electronic Commerce Indicators, meeting the latest Visa regulations for transactions that occur when a credit card number is keyed into an Internet browser See Web browser. . WebAuthorize 1.3 is available with dialup, leased line A private communications channel leased from a common carrier. Most digital lines require four wires (two pairs) for full-duplex transmission. (communications, networking) leased line and secure Internet connectors to the major credit card processing networks. WebAuthorize 1.3 also supports an expanded list of payments processors and e-commerce servers such as Microsoft(R) Commerce Server and applications such as SAP R/3. More information about WebAuthorize 1.3 can be found at http://www.cybercash.com/webauthorize, or by calling 1-800-666-5777. About CyberCash CyberCash, Inc. is the world's leading provider of Internet payment services See Web payment service. and electronic payment software. The Company provides service solutions to more than 25,000 Internet merchants and has shipped more than 145,000 copies of its software products. In addition to enabling Internet payments, CyberCash offers merchants state-of-the-art risk management capabilities through its FraudPatrol(TM) Internet fraud A crime in which the perpetrator develops a scheme using one or more elements of the Internet to deprive a person of property or any interest, estate, or right by a false representation of a matter of fact, whether by providing misleading information or by concealment of detection service, and the opportunity to generate additional sales leads through an affiliate marketing Affiliate marketing is a method of promoting web businesses (merchants/advertisers) in which an affiliate (publisher) is rewarded for every visitor, subscriber, customer, and/or sale provided through his/her efforts. program. CyberCash offers the broadest reach in the payment industry with a comprehensive distribution network focusing on both direct and indirect channels, which include marketing partnerships with financial institutions, Internet service providers 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. , application service providers, storefront solution providers and leading independent software vendors. For more information, please visit www.cybercash.com. |
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