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CyberCash Partners with Leading Internet Technology Companies to Bundle Electronic Payment Software; Seven Browser and Software Vendors to Integrate CyberCash Services.


RESTON, Va.--(BUSINESS WIRE)--May 23, 1995--CyberCash, Inc. today announced partnerships with seven networking software This article is written like a personal reflection or and may require .
Please [ improve this article] by rewriting this article in an .
 vendors that will allow the company's Internet Payment Services to integrate with a wide variety of Internet software products. The partnerships include FTP Software FTP Software was a software company incorporated in 1986 by James van Bokkelen, John Romkey (author of the MIT PC/IP package), Nancy Connor, Roxanne van Bokkelen (nee Ritchie), Dave Bridgham and several other founding shareholders. , Inc., Frontier Technologies Corp., InterCon Systems Corp., NETCOM NETCOM Network Enterprise Technology Command (US Army)
NetCom Network Command (information systems) 
 On-Line Communication Services, Inc., Network Computing Devices (company) Network Computing Devices - (NCD) Producer of X terminals, PC-Xware and Z-Mail.

http://ncd.com/.
, Inc., Open-Market, Inc., and Quarterdeck (Quarterdeck Corporation, Marina del Rey, CA) A pioneering software company, founded in 1983, that offered a variety of utilities, diagnostics, connectivity and Internet products for the PC and Macintosh.  Corporation, and will enable CyberCash's secure on-line payment system to be browser and user-interface independent. CyberCash is the leading vendor developing secure, end-to-end Internet payment systems for use with credit and debit cards, as well as cash transactions.

"Each of CyberCash's partners offers a high level of value for the Internet market today and will work with us to provide the added functionality of electronic payment services Electronic Payment Services (Chinese: 易辦事), commonly known as EPS, is the largest electronic payment system in Hong Kong, Macau and Shenzhen starting from 1985. The service is provided by EPS Company (Hong Kong) Limited.  that users will rely on," said Bill Melton, president and chief executive officer for CyberCash. "Electronic payment users demand a high level of interoperability, security and convenience. CyberCash is committed to meeting these needs through its extraordinary technology, service and industry partnerships."

Each of the seven technology partners has agreed to integrate their technology with CyberCash so that the company's electronic payment services can be easily accessed through each partner's products. A user with a browser supplied by any of these vendors will now be able to make on-line payment transactions via CyberCash directly from their browser without having to download CyberCash software separately. CyberCash's client software, which has been beta tested by several thousand end users for the past 60 days will be integrated with each partner's products and rolled out at various times throughout 1995. Today, a user with any Internet browser can download the CyberCash client software from CyberCash's WWW WWW or W3: see World Wide Web.


(World Wide Web) The common host name for a Web server. The "www-dot" prefix on Web addresses is widely used to provide a recognizable way of identifying a Web site.
 home page. The company's new partners will begin bundling CyberCash software with their browsers as early as next month.

CyberCash Partners Each of CyberCash's partners brings valuable tools to the Internet community.

-- FTP FTP
 in full file transfer protocol

Internet protocol that allows a computer to send files to or receive files from another computer. Like many Internet resources, FTP works by means of a client-server architecture; the user runs client software to connect to
 Software's Explore OnNet provides Internet users with a suite of Windows applications including electronic mail (with MIME and MAPI (Mail API) A programming interface from Microsoft that enables a client application to send to and receive mail from Exchange Server or a Microsoft Mail (MS Mail) messaging system. Microsoft applications such as Outlook, the Exchange client and Microsoft Schedule use MAPI.  support), Mosaic, telnet, FTP and Gopher, along with a VxD-based SLIP/PPP kernel.

-- Frontier Technologies' award-winning Internet browser SuperHighway Access was the first Internet software product to support multiple sessions and multiple protocols, and it also allows users to organize Internet information by topic, rather than the underlying protocol.

-- InterCon Systems develops and markets a wide range of standards-based connectivity and Internet access software products for Macintosh and Windows personal computer systems.

-- NETCOM provides high-quality, low-cost, nationwide Internet access over its own high-speed network to more than 115,000 users and provides the popular NetCruiser browser.

-- NCD NCD - Network Computing Devices  provides desktop information access solutions, such as Mariner, PC X server software and Z-Mail, for network computing environments.

-- Open Market, a software and service provider for conducting electronic commerce over the Internet and WWW, offers a complete electronic infrastructure for establishing and managing a business on the Internet.

-- Quarterdeck's Internet Suite offers individuals, small businesses and large organizations easy-to-use software products that deliver the key capabilities required to access, manage and publish information via the Internet and WWW.

"Some of the industry's leading Internet technology providers have chosen to work with CyberCash because we all share the same vision of electronic commerce," said Melton. "CyberCash will continue to partner with financial institutions and technology vendors in order to make secure electronic payments are accessible to all Internet users. We welcome new industry standards for on-line credit card processing procedures, such as those being defined by the VISA and Mastercard associations, and plan to incorporate them into the CyberCash environment as soon as possible."

CyberCash

CyberCash, Inc. of Reston, Virginia, was founded in August 1994 to partner with financial institutions and providers 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.  to deliver secure Internet payment systems. The CyberCash approach is based on establishing a trusted link between the seemingly unpredictable world of cyberspace and the traditional banking world. CyberCash serves as a conduit through which payments can be transported easily, safely and instantaneously between buyers, sellers and their banks. The CyberCash system operates on top of any general security system such as SSL (Secure Sockets Layer) The leading security protocol on the Internet. Developed by Netscape, SSL is widely used to do two things: to validate the identity of a Web site and to create an encrypted connection for sending credit card and other personal data.  or Secure HTTP HTTP
 in full HyperText Transfer Protocol

Standard application-level protocol used for exchanging files on the World Wide Web. HTTP runs on top of the TCP/IP protocol.
.

The founders of CyberCash are Bill Melton, founder of VeriFone, a company that achieved enormous success by providing a system for processing credit card transactions at the point-of-sale, and Dan Lynch, founder and chairman of the hugely popular NetWorld + INTEROP INTEROP Interoperability
INTEROP Interoperational
 networking show and exhibition. Melton, Lynch and other CyberCash principals bring together unparalleled experience in credit card and debit card automation, Internet telecommunications and security.

In April, CyberCash was chosen by Interactive Age as one of the 100 Best Business Web Sites. Newsweek also recently named Dan Lynch one of the Top 50 People to Watch in Cyberspace.

For further information about CyberCash, access its WWW server at http://www:cybercash.com or call 800/9CYBER1. -0-

Note to Editors: CyberCash is a registered trademark of CyberCash Inc. Other products and names may be trademarks of their respective companies.

CONTACT: Thomas Associates, Inc.

Susan Ice, 415/325-6236

susani@thomaspr.com
COPYRIGHT 1995 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1995, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:May 23, 1995
Words:829
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