CyberCash and enterWorks.com to build complete solution for electronic commerce enterWorks.com seeks to create commerce backroom.SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--April 29, 1996-(INTERNET WORLD)-Today, enterWorks.com(TM) and CyberCash, Inc. announced an alliance to couple electronic banking transactions with enterprise computing Refers to information technology in the larger company. See enterprise data and enterprise networking. systems across the Internet. Under the enterWorks.com and CyberCash agreement, the two companies will integrate their products to create turnkey merchant applications for legacy systems using the CyberCash automated payment capabilities. Bill Melton The CyberCash and enterWorks.com paradigm couples the CyberCash Merchant Software products with enterWorks' commerceware software. The combined solution provides a secure environment for electronic business transactions from the point of sale through delivery. Any subject transaction, typically an incoming purchase order, can be securely processed, circulated to notify appropriate parties, and automatically incorporated into company accounting, production, and management information systems. "The goal of this agreement is to realize the full potential of electronic commerce through transforming the Internet into a global financial environment which is resistant to security threats and artificial boundaries," stated John Wood, CEO for enterWorks.com. "With enterWorks as the link between the electronic transaction and the organization's network computing Storing and/or running applications in servers in a network. See cloud computing and network computer. environment, impediments IMPEDIMENTS, contracts. Legal objections to the making of a contract. Impediments which relate to the person are those of minority, want of reason, coverture, and the like; they are sometimes called disabilities. Vide Incapacity. 2. to the dynamic exchange of business information are being removed." CyberCash, Inc., of Reston, Va., founded in August 1994, is a leading developer of software and service solutions for secure financial transactions over the Internet. The CyberCash system is designed to allow most banks to offer secure Internet payments to their merchants. CyberCash works with virtually all credit card processing institutions, enabling payments by credit card, electronic check and electronic coin to be instantaneously processed. enterWorks.com develops and markets commerceware to enable business to be conducted securely and efficiently over public or private networks, including the Internet. Commerceware provides the essential elements of network security, workflow and data integration to companies conducting business over the Internet. enterWorks.com is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Telos(R) Corporation, a 28 year- old information technology firm located in Northern Virginia Northern Virginia (NoVA) consists of Arlington, Fairfax, Loudoun, and Prince William counties and the independent cities of Alexandria, Falls Church, Fairfax, Manassas, and Manassas Park. . Telos specializes in network-based solutions for government and industry. -0- For more information: http://www.enterworks.com CONTACT: enterWorks.com Suzanne Bakewell, 703/471-6000 e-mail: suzanne.bakewell@enterworks.com |
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