CyberCash Payment Service Works With IBM's New Payment Manager Solution.RESTON, VA--(BUSINESS WIRE)--Nov. 16, 1999-- CyberCash CashRegister Payment Service Accessible via the IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) Payment Manager CyberCash, Inc., (Nasdaq:CYCH), a world leader in e-commerce technologies and services for merchants, today announced an extension of its relationship with IBM to offer CashRegister online payment services to medium-sized enterprises through IBM's WebSphere Payment Manager(a). The CashRegister service will be accessed from a cassette A removable magnetic tape storage module that contains supply and takeup reels (hubs) in the same housing. Most audio tapes and videotapes use cassettes as well as backup tape technologies such as DAT, 8mm and Magstar MP (see below). built for the WebSphere Payment Manager, which will be sold by IBM's North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. sales team and IBM's Business Partners. "CyberCash has a long-standing relationship with IBM, and we are excited to extend this relationship with the service side of our business," said Nancy Goldberg, executive vice president, CyberCash. "The CashRegister service provides secure Internet processing of credit cards for WebSphere Payment Manager which complements IBM's payment processing capability." "IBM continues to build end-to-end solutions (jargon) end-to-end solution - (E2ES) A term that suggests that the supplier of an application program or system will provide all the hardware and/or software components and resouces to meet the customer's requirement and no other supplier need be involved. Compare: turn-key solution. that enable service providers, financial institutions and merchants to develop and grow their business through e-commerce," said David Chew, director, electronic payments, IBM e-commerce solutions. "With the combination of WebSphere Payment Manger manger cattle trough which served as crib for Christ. [N.T.: Luke 2:7] See : Nativity and its cassette for CyberCash, IBM provides access to one of the leading payment service offerings - - CyberCash's CashRegister service." CyberCash's CashRegister service allows merchants to process secure credit card and off-line debit A monetary amount that is subtracted from an account balance. A debit from one account is a credit to another. See credit. payments from the Internet, fax or telephone. CashRegister enjoys wide distribution and third-party support as a payment service on the Internet. The service currently processes more than 5 million transactions per month making it the largest retail transaction service on the Internet. More than one thousand merchants are added to the service every month. "CyberCash is fortunate to have forged strong relationships with most of the leading technology companies in the Internet marketplace See vertical portal and Web hub. . This latest collaboration with IBM demonstrates once again that CyberCash's e-commerce payment capabilities are the de facto standard Hardware or software that is widely used, but not endorsed by a standards organization. Contrast with de jure standard. de facto standard - A widespread consensus on a particular product or protocol which has not been ratified by any official standards body, such as ISO, in the industry," added Goldberg. About IBM WebSphere Payment Manager IBM's WebSphere Payment Manager (formerly called Payment Server) provides payment hosting capabilities for 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. (ISPs), Commerce Service Providers (CSPs) Application Service Providers (ASPs), Banks, and Financial Institutions. The solution enables the delivery of secure Internet payment capabilities to the merchant customers of these service providers. Payment Manager enables ISPs, CSPs, ASPs, Banks and Financial Institutions to quickly and easily link merchants to payments processors to handle today's complex e-commerce transactions. The software integrates with virtually all business processes and applications, and works with multiple operating systems Operating systems can be categorized by technology, ownership, licensing, working state, usage, and by many other characteristics. In practice, many of these groupings may overlap. and databases. 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. 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, 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. For more information about CyberCash, please visit our Web site at http://www.cybercash.com. CyberCash, and the CyberCash logo are trademarks, service marks, registered trademarks or registered service marks of CyberCash, Inc. (a)Indicates trademark or registered trademark of International Business Machines Corporation. (b)All other trademarks are the properties of their respective companies. |
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