Is there going to be a connection?
Take a look at TNSI. They reported earnings today. Take a look at their transaction counts. Below is an article, I know its old but they bought one of CYCH's Merchant Development partners in Switzerland, which Pronoma processes thru Wells Fargo, which is another CYCH partner.
The following is a cut from CYCH homepage, notice Switzerland?
The momentum created by CyberCash's global achievements in 1997 has positioned us for success in 1998. CyberCash is in discussions with various institutions in markets such as: Australia, Hong Kong, Italy, Spain, Switzerland and Taiwan.
TRANSACTION NETWORK SERVICES, INC. ACQUIRES
SWEDISH ELECTRONIC COMMERCE COMPANY
Deal Establishes Scandinavian Subsidiary
RESTON, Virginia, October 29, 1997.Transaction Network Services, Inc. (TNS) (NASDAQ:TNSI) announced today that it has acquired a majority interest in Pronoma Systems AB. Pronoma will now be known as Transaction Network Services (TNS) AB and will operate as a TNS subsidiary, headquartered in Stockholm, Sweden. Jens Claesson, president and CEO of Pronoma, will become president and CEO of TNS AB.
"Our acquisition of Pronoma is an important step forward in our international expansion," commented TNS president and CEO John J. McDonnell, Jr. "Pronoma offers us an outstanding pool of transaction processing and software development talent that will greatly benefit us as we build a TNS network in Sweden. The company also has a strong presence and extensive client base in Scandinavia, which we'll fully leverage to expand our transaction transport services throughout those countries."
As part of the acquisition, TNS will assume Pronoma's CashLink software, which facilitates secure electronic payments from either personal computers or merchant sites over the Internet. TNS will continue to develop CashLink for worldwide distribution, independently and as a merchant development partner with CyberCash (NASDAQ: CYCH).
Does the above mean that TNSI will continue to utilize CYCH technology over there? If so, does this open the door for CYCH to process TNSI transactions elsewhere in the future? On TNSI web site, the slide show had a graph that shows their system as the backbone, a third party transaction processing center(Maybe CYCH?) and of course the customers credit card. TNSI and CYCH are almost neighbors, both in Reston, VA. TNSI processes a tremendous amount of transactions per quarter. Would be a great announcment for CYCH to sign these guys on.
I am probably way out there on this one.
Shoe |
