Message Font: Serif | Sans-Serif
No. of Recommendations: 0
<H1>CyberCash and First Data Make It Easier Than Ever for Merchants to Accept Internet Payments
CyberCash and First Data Ease the Way for Internet Businesses to Obtain Merchant Accounts and Payment Processing</H>

RESTON, Va. and ATLANTA --March 21, 2000-- CyberCash, Inc. (Nasdaq:CYCH), a pioneer in Internet payment software and services, and First Data Corp. (NYSE:FDC), the leader in electronic commerce and payment services, have joined forces to make it easier than ever for Internet businesses to obtain merchant accounts and payment processing services.

The companies announced that First Data 's patent-pending technology, VirtualApp, has been integrated into CyberCash's Internet payment service, CashRegister. This integrated solution will enable Internet merchants to apply for merchant accounts online, receive a response within minutes and begin processing payments.

VirtualApp is the industry's first paperless, click-through process helping businesses securely establish merchant accounts, receive online credit decisions from acquiring financial institutions and accept electronic payments.

This integrated service is currently available from CyberCash. Merchants can obtain more information by visiting or by calling 800/666-5777.

"Every Internet business needs a merchant account and payment processing service to generate revenue on the Web. Through this relationship with FDC, CyberCash now offers a full and complete solution to Internet merchants," said Charles Gold, vice president for product management at CyberCash.

" First Data is committed to continually enhancing its position as the leader in integrated electronic payment processing," said Bill Goldschein, senior vice president, First Data Internet Commerce Group. "This agreement enables us to help online businesses engage the power of the Internet as an alternative distribution channel with a secure, streamlined and efficient process."

First Data will provide payment-processing services, including authorization, data capture, processing, settlement and online statement reporting to Internet merchants using the CyberCash CashRegister offering and the First Data VirtualApp product.

First Data moves more than $1 trillion annually on behalf of financial institutions, merchants and consumers worldwide. The leading payment processor for e-commerce, First Data currently supports more than 80,000 online merchants.

CyberCash responds to the three things Internet merchants say they need most in a payment service - reliability, security and simplicity. CyberCash provides services to more than 20,000 online merchants, including some of the most well known sites on the Internet. Last year, the company's Internet payment service, CashRegister, processed over 57 million transactions - more than any other payment processing company in the industry

About CyberCash

CyberCash, Inc., is the world's leading provider of Internet payment services and electronic payment software. The company uniquely provides services to more than 20,000 Internet merchants and has shipped more than 130,000 software products.

CyberCash offers the broadest reach in the payment industry with a comprehensive distribution network that includes direct and indirect sales as well as marketing partnerships with financial institutions, Internet service providers, application service providers, storefront solution providers and leading independent software vendors.

About First Data Corp.

Atlanta-based First Data Corp. helps move the world's money. As the leader in electronic commerce and payment services, First Data serves more than two million merchant locations, 1,400 card issuers and millions of consumers, making it easier, faster and more secure for people and businesses to buy goods and services. For more information, visit the company's Web site at

# # #

For More Information Contact:
Cybercash, Inc. Kimberly Georgeadis, 703/715-7822 or First Data Elizabeth Sullivan, 516/577-7019 or

Ignition Strategic Communications Sydney Rubin, 202/244-1200

© 2000. First Data Corporation. All Rights Reserved
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.