biz.yahoo.com
CyberCash Chief Hails Microsoft E-Commerce Plans as
Boost for Internet
CyberCash Anticipates Continued Partnership with Microsoft in
Electronic Commerce
RESTON, Va.--(BUSINESS WIRE)--March 4, 1999-- Bill Melton, founder and chief executive officer, CyberCash, Inc.
(Nasdaq:CYCH - news), said today that Microsoft's intentions to actively participate in the rapidly growing electronic commerce
market are likely to increase the speed at which e-commerce develops. In a press release following Microsoft's announcement
today in San Francisco, Melton said that Microsoft, combined with the efforts of CyberCash and its e-commerce partners, will
change the face of e-commerce by making it easier for people everywhere to buy and sell goods and services on the Internet.
''The impact of Microsoft's entry into the electronic commerce market could be dramatic,'' Melton said. ''Just as Apple
revolutionized the desk-top publishing business, Microsoft could help redefine the look of electronic commerce. CyberCash is very
proud to be a partner with Microsoft already on a number of important e-commerce products.''
As part of today's announcement, Microsoft named CyberCash as one of its Microsoft Commerce Business Applications Partners.
In January, Microsoft unveiled its Complete Commerce initiative, a packaged electronic commerce solution for medium to
large-sized enterprise businesses looking to commerce-enable their web sites through hosting service providers. As part of that
solution, CyberCash makes it possible for merchants to accept real-time payments through the CyberCash CashRegister 3 service.
Also in January, CyberCash released an enhanced version of its payment component software for Microsoft's Site Server,
Commerce Edition. The upgraded software for Site Server Commerce provides enhanced security for processing payments over
the Internet and makes it significantly easier for developers to integrate settlement transactions into back-end systems.
CyberCash was one of the first Internet payment services to support Site Server. The Site Server, Commerce Edition product was
Microsoft's premier entry into the web-based commerce market and is one of the easiest to implement solutions today for creating
a comprehensive storefront on the Internet.
''We look forward to continuing to work with Microsoft on projects that will enhance the future of electronic commerce,'' Melton
said.
Microsoft chairman and chief executive officer, Bill Gates, and Melton will be among several industry luminaries presenting
keynote addresses at the upcoming Comdex/Spring '99 and Windows World '99 exhibition next month in Chicago.
CyberCash is the world's leading provider of secure electronic commerce payment technologies and services spanning the retail
point of sale through the Internet. CyberCash and the CyberCash logo are trademarks, service marks, registered trademarks or
registered service marks of CyberCash, Inc. |
