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Checkfree/Cybercash Press release
>Date: Fri, 14 Jul 1995 03:42:07 -0700
>From: [email protected]
>To: [email protected], [email protected]
>Subject: Checkfree/Cybercash Press release
>
>CHECKFREE AND CYBERCASH JOIN FORCES TO DELIVER COMPREHENSIVE ELECTRONIC COM
>
> Consumers can conduct Internet transactions using checks,
> credit cards or cash
>
> BOSTON, July 13 /PRNewswire/ -- Checkfree Corporation and CyberCash,
>Inc. announced today at the Interactive Services Association conference
>that they will cooperatively develop and market products and services
>that will allow consumers to safely conduct payment transactions, in
>real time, over the Internet using credit cards, debit cards, checks or
>cash.
> Checkfree, the nation's leading provider of electronic commerce
>services, will license technology from CyberCash, a leader in secure,
>end-to-end Internet payment systems. Checkfree will integrate
>CyberCash's high level security features and ability to conduct cash
>transactions into the Checkfree Wallet(TM), creating a single solution
>for electronic payment transactions that offers checks, credit cards,
>cash, coin or micropayments.
> "Partnering with CyberCash was the logical choice for Checkfree,"
>says Pete Kight, founder and CEO of Checkfree. "Checkfree is committed
>to leading the way for electronic commerce, and providing plug and play
>Internet transaction solutions. The Checkfree Wallet(TM) is now an even
>more attractive transaction platform for both consumers and merchants."
> The Checkfree Wallet(TM) was introduced in April to allow consumers
>to purchases goods and services from on-line merchants in a safe,
>convenient and familiar manner. The Checkfree Wallet(TM) does not
>require prior registration with merchants, and on-line shoppers pay no
>fees or transaction service charges. With the addition of CyberCash's
>technology consumers will be able to utilize cash securely over the
>Internet and merchants will receive authorization in real time. In
>addition, merchants will be able to accept payments from any on-line
>consumers, regardless of the server or browser they are using.
> "Checkfree's long, successful record of developing applications for
>home banking and electronic bill payment is a perfect complement to
>CyberCash's secure Internet transaction and electronic cash expertise,"
>said Magdalena Yesil, vice president of marketing for CyberCash.
>"Together we can offer a complete array of payment tools that allow
>consumers to conduct spontaneous transactions and pay bills via the
>Internet."
> Checkfree and CyberCash will focus on developing products that can
>be easily integrated into any browser system and merchant server. The
>new Internet transaction product offering, which will be co-branded by
>Checkfree and CyberCash, is scheduled for release this fall. The
>product will initially be available free-of-charge via NetCom's
>NetCruiser Internet browser as well as other leading Internet browsers.
>Merchant interest to date also includes ID Software, the developers of
>Doom(TM).
>
> About CyberCash
> CyberCash, Inc. of Reston, Virginia, was founded in August 1994 to
>partner with financial institutions and providers of goods and services
>to deliver secure Internet payment systems. The CyberCash approach is
>based on establishing a trusted link between the seeming 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 or Secure HTTP. CyberCash beta software is currently
>available free-of-charge and can be downloaded from the company's WWW
>server at http://www.cybercash.com. The company's initial service that
>accepts payments using any major credit card is scheduled for full
>commercial deployment this summer. Electronic cash services are
>expected by the end of 1995.
> CyberCash's principal founders, Bill Melton and Dan Lynch, have
>brought together a team with 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. For further information about CyberCash, access its
>WWW server or call 800-9CYBER1.
>
> About Checkfree
> Checkfree Corporation, the nation's leading electronic commerce
>company, last year processed more than $6 billion in payments for
>consumers and corporate clients, with more than six million consumers
>and one million businesses benefiting from its services. Checkfree
>serves consumers, business and financial institutions with a wide array
>of product and service offerings, each finely tuned to the specific
>needs of its users. All leverage Checkfree's extensive technology
>infrastructure which includes its patented and proven electronic bill
>payment system. Founded in 1981, Checkfree Corporation is headquartered
>in Columbus, Ohio, where it employs 370 full-time associates. Checkfree
>is privately held.
> For additional information about Checkfree, access its worldwide web
>server at: http://www.checkfree.com
> -0- 7/13/95
>/CONTACT: Jennifer Sims, 415-904-7070, ext. 275 or
><[email protected]>, or Nicol Davis, 415-904 7070, ext 281, or
><[email protected]>, both of Access Public Relations, for Checkfree;
>or Susan Ice of Thomas Associates, 415-325-6236, or [email protected]
>for CyberCash, Inc./
>
-----------------
Robert Hettinga ([email protected])
Shipwright Development Corporation, 44 Farquhar Street, Boston, MA 02131
USA (617) 323-7923
"Reality is not optional." --Thomas Sowell
>>>>Phree Phil: Email: [email protected] http://www.netresponse.com/zldf <<<<<