Pioneer New Payment Alternative to Credit Cards; Teen & Kid Shoppers
Can Now Pay at PacSun.com Site Using iCanBuy Funds
SAN FRANCISCO, Nov 18, 1999 (BUSINESS WIRE) --
Mastercard...Visa...iCanBuy - now kids and teens have their own payment
option when shopping for their favorite clothes and accessories from
Pacific Sunwear (NASDAQ: PSUN). iCanBuy.com, the first online money
management site for teens and kids, announced today the launch of
on-site payment at the wildly popular clothing chain's website,
www.pacsun.com. This is the first time ever that a teen- and
kid-specific payment system will be completely integrated into a
retailer's e-commerce site. Young people can now buy their desired gear
by going directly to pacsun.com, or by entering via the iCanBuy.com
mall.
"We constantly seek new solutions for kids and teens to safely manage
their money online - and this is the next evolution of the iCanBuy.com
money management network," said Paul Herman, CEO of iCanBuy.com.
"Pacific Sunwear is a pioneering leader for partnering with us to
introduce a unique new payment option to their customers."
Found in over 400 malls across America, as well as on the Web, Pacific
Sunwear brings California casual style to the masses with popular
brands such as Billabong, ONeill, Quiksilver, Roxy and Dawls. Now teens
and kids can go straight to the Pacific Sunwear website, fill a
shopping cart and then check out using their iCanBuy account. They
simply click on iCanBuy when presented with payment options and enter
their ID and password in a secure pop-up box. iCanBuy still maintains
the strictest standards for safety and privacy, and all shopping
permissions and approvals are managed by parents on the iCanBuy.com
site.
"Our partnership with iCanBuy.com will make it even easier for kids to
shop for our products online," said Pacific Sunwear Senior Vice
President, Carl Womack. "We are proud to be the first retailer to
feature iCanBuy as a payment option. For PacSun, it is a major
advantage to have customers come directly to our site."
Pacific Sunwear is the first of many leading retail and community sites
that will boast the iCanBuy payment option. In addition to creating new
payment solutions for teens and kids, iCanBuy.com also enables young
people to build a WishList of gift items, to bank and to donate online
- with a unique parental approval system to promote learning and
safety.
About Pacific Sunwear Pacific Sunwear is a leading specialty retailer
of everyday casual apparel, accessories and footwear designed to meet
the needs of active teens and young adults. Publicly traded since 1993,
Pacific Sunwear products are the perfect synergy between national
brands, emerging brands and the company's own in-house designed brands.
The company currently operates 378 Pacific Sunwear stores, 19 Pacific
Sunwear outlet stores and 36 d.e.m.o. stores, for a total of 433 stores
in 47 states. Pacific Sunwear operates an online store on its Web site
at www.pacsun.com.
About iCanBuy.com iCanBuy(TM) was founded in May, 1998, to create the
first online tool for teens and kids to manage their money wisely in a
safe and parent-approved environment. iCanBuy.com enables young people
to shop at top Internet retailers, build a WishList of gift items, bank
and donate online - with a unique parental approval system to promote
learning and safety. iCanBuy.com ensures the highest degree of privacy
and security for underage users with the TRUSTe "Kids Under 13"
certification, the Better Business Bureau's "BBBOnline Privacy Seal"
and the VeriSign digital certificate.
iCanBuy has over 40 retail, financial, charity and community partners
including eToys (NASDAQ:ETYS); AlloyOnline(TM) (NASDAQ: ALOY);
Outpost.com (NASDAQ: COOL), Whutever.com by Fingerhut Companies, Inc.,
a wholly owned subsidiary of Federated Department Stores, Inc. (NYSE:
FD) and Security First Network Bank, a member of the Royal Bank
Financial Group (NYSE: RY). iCanBuy(TM)'s headquarters are located in
the South of Market (SOMA) area of San Francisco. |
