CyberCash Releases New Version of ICVERIFY Windows-Based Payment Processing Software for Merchants.RESTON, Va.--(BUSINESS WIRE)--June 23, 1998-- New Version Simplifies the Software Registration Process and Adds New Capabilities for Mail Order/Telephone Order Merchants CyberCash, Inc., Tuesday announced the release of ICVERIFY(TM) for Windows(R), version 2.2, payment processing software for merchants. The latest release adds new features for the thousands of banks, processors, developers and other resellers who provide ICVERIFY software to merchants worldwide. It also includes enhancements for mail order/telephone order merchants. ICVERIFY for Windows(R) payment processing software, which runs on Windows(R) 95, Windows(R) 98 and Windows(R) NT, enables merchants to accept Visa(R), MasterCard(R), American Express American Express (NYSE: AXP), sometimes known as "AmEx" or "Amex", is a diversified global financial services company, headquartered in New York City. The company is best known for its credit card, charge card and traveler's cheque businesses. and Novus cards, as well as other credit cards, ATM/debit cards and check transactions. The software also allows merchants to pass Level II purchasing data for Visa and Mastercard purchase card transactions on a number of card processing networks. The latest release also adds a new product registration process, called AutoValidation, which meets the needs of ICVERIFY's growing global customer base. It enables customers and resellers to register and configure See configuration. (software) configure - A program by Richard Stallman to discover properties of the current platform and to set up make to compile and install gcc. Cygnus configure was a similar system developed by K. the software from anywhere in the world, 24 hours a day, 7 days a week. "AutoValidation allows us to provide first-rate service to ICVERIFY's rapidly expanding customer base, now in 20 countries worldwide," said Tom Aden, executive president merchant services Merchant services is the name given in the United States to a broad category of financial services intended for use by businesses. In its most specific use, it usually refers to the service that enables a business to accept a transaction payment by use of the customer's credit or for CyberCash, Inc. "ICVERIFY is used at 250,000 points of sale like online stores, retail stores and catalog catalog, descriptive list, on cards or in a book, of the contents of a library. Assurbanipal's library at Nineveh was cataloged on shelves of slate. The first known subject catalog was compiled by Callimachus at the Alexandrian Library in the 3d cent. B.C. companies. The new version also includes enhancements for mail order/telephone order merchants, a significant portion of our extensive customer base." Enhancements for mail order/telephone order merchants include a new customer database feature. It gives merchants access to customers' card and billing information, which speeds the service that merchants can provide to repeat customers. The database allows merchants to shorten (audio, compression) Shorten - A form of lossless audio compression. telephone order duration and increase telephone order productivity. By contrast, traditional hardware solutions do not have the memory capacity to provide this benefit. ICVERIFY software stores up to nine years of data, allowing users to print detailed reports or conduct searches for specific transactions. Users can process transactions in real-time 1. real-time - Describes an application which requires a program to respond to stimuli within some small upper limit of response time (typically milli- or microseconds). Process control at a chemical plant is the classic example. , or in batch-mode. ICVERIFY also allows users to exchange data with other applications, such as databases or spreadsheets The following is a list of spreadsheets. Freeware/open source software Online spreadsheets
About CyberCash, Inc. CyberCash is the world leader in secure, convenient payment technologies and services, enabling e-commerce e-commerce, commerce conducted over the Internet, most often via the World Wide Web. E-commerce can apply to purchases made through the Web or to business-to-business activities such as inventory transfers. 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 using the broadest array of popular payment forms. Credit, debit A monetary amount that is subtracted from an account balance. A debit from one account is a credit to another. See credit. , 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. Leading brands of CyberCash include ICVERIFY, PCVERIFY, CashRegister, NetVERIFY, CyberCoin and PayNow. For financial institutions, software developers and integrators, commerce and 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. , and technology partners, CyberCash solutions are the preferred choice, offering unmatched ease and flexibility in integrating payment capabilities into value-added offerings to customers. CyberCash, Inc., headquartered in Reston, maintains a global presence with offices and joint ventures operating throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Europe and Asia . All trademarks and registered trademarks referred to in this press release are the property of their respective owners.
CONTACT: CyberCash Inc.
Jordanna Taffel, 703/715-7837
jtaffel@cybercash.com
or
CyberCash Inc.
Tim Roddy, 510/563-6217
troddy@icverify.com
or
Ruder-Finn
Adam Sohn, 212/593-6481
sohna@ruderfinn.com
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