Pioneer New Payment Alternative to Credit Cards
Teen & Kid Shoppers Can Now Pay at PacSun.com Site Using iCanBuy Funds
SAN FRANCISCO--(BUSINESS WIRE)--November 18, 1999-- 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 - news). 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 - news); AlloyOnline(TM) (NASDAQ: ALOY - news); Outpost.com (NASDAQ: COOL - news), Whutever.com by Fingerhut Companies, Inc., a wholly owned subsidiary of Federated Department Stores, Inc. (NYSE: FD - news) and Security First Network Bank, a member of the Royal Bank Financial Group (NYSE: RY - news). iCanBuy(TM)'s headquarters are located in the South of Market (SOMA) area of San Francisco.
biz.yahoo.com |
