So pat if you read my last post about CyberCash...you'll know who's providing the processing platform on this news.....Checkfree is behind this deal....so what they didn't get their name in the paper?
CyberCash Delivers Secure Internet Payment Capability to Pandesic LLC's Comprehensive, Turnkey Electronic Business Solution
RESTON, Va. -- CyberCash, Inc. (Nasdaq: CYCH), the leading enabler of financial transactions over the Internet, today announced it will deliver the payment options for Pandesic LLC, the Internet company from Intel and SAP. The partnership provides users of Pandesic with a complete end-to-end Internet payment solution that offers proven, secure, real-time transaction processing. This solution allows merchants to quickly and easily add end-to-end capabilities for selling and delivering goods and services, as well as receiving payment over the Internet.
CyberCash meets the needs of Pandesic's merchant customers who are looking for a proven, leading payment service, offering a secure credit card transaction processing. It also allows merchants the ability to continue existing banking relationships due to CyberCash's extensive banking relationships.
"Pandesic and CyberCash have created the perfect launching pad for merchants who are interested in setting up a complete Web store, or any business for that matter, using the best specialty vendors, in one place," said Denis Yaro, executive vice president, development for CyberCash. "Our payment solution integrates with their business package to deliver the tools and security they need."
The Pandesic e-business solution allows merchant customers to manage their business in real-time using integrated business processes. A complete end-to-end solution, which bundles, software, services and hardware, Pandesic LLC seamlessly handles all marketing, order processing and fulfillment, inventory pricing, materials management, tax handling, payment processing, shipping and handling logistics, financial reporting, and vendor-payment processes associated with electronic commerce transactions.
"By packaging a highly scaleable, turnkey e-business solution, we've created an environment where merchants can be sure they're getting all the tools they need to run successful businesses on the Internet," said Bryan Plug, president and CEO of Pandesic LLC. "CyberCash affords our merchants the most proven and complete payment suite on the Internet."
Web merchants like Quokka Sports, one of the Internet's leading sports marketing and production companies, are experiencing the benefits of the Pandesic e-business solution. "We're all about total sports immersion --
making the online coverage of sporting events as real as possible," said Steve Nelson, senior vice president and general manager of Quokka. "The Pandesic offering with CyberCash is all about total business solutions for the Internet -- with seamless integration for our audience from seeing merchandise on the site to purchasing it as if they were actually at the event.
About CyberCash
CyberCash, Inc., headquartered in Reston, Virginia, USA, provides enabling technology and services that allow secure financial transactions on the Internet worldwide. The Company offers a complete suite of Internet payment services including a credit card service which handles payments using major debit and credit cards, an innovative micropayment service which enables cash transactions and a secure electronic check service which allows consumer-to-business and business-to-business payments from a bank account. CyberCash is traded on the Nasdaq Stock Market, under the symbol CYCH. CyberCash's Web address is cybercash.com.
About Pandesic LLC
Pandesic LLC develops innovative, end-to-end electronic business solutions that make companies more competitive by providing real-time access to business information, leveraging proven best-business practices and using highly integrated systems. Formed in 1997, Pandesic LLC is a limited-liability company founded jointly by Intel Corp. and SAP America, Inc. and is headquartered in Sunnyvale, Calif.
/CONTACT: Brian Rolfe of Niehaus Ryan Group, 650-827-7034, or
Brian@nrgpr.com, for CyberCash, Inc./
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