From: rah@shipwright.com (Robert Hettinga)
Date: Fri, 14 Jul 95 06:23:11 PDT
To: cypherpunks@toad.com
Subject: Checkfree/Cybercash Press release
Message-ID: <v02120d00ac2c20283a51@[199.0.65.105]>
MIME-Version: 1.0
Content-Type: text/plain


>Date: Fri, 14 Jul 1995 03:42:07 -0700
>From: Davidwfox@eworld.com
>To: www-buyinfo@allegra.att.com, e-payment@bellcore.com
>Subject: Checkfree/Cybercash Press release
>
>CHECKFREE AND CYBERCASH JOIN FORCES TO DELIVER COMPREHENSIVE ELECTRONIC COM
>
>       Consumers can conduct Internet transactions using checks,
>                       credit cards or cash
>
>    BOSTON, July 13 /PRNewswire/ -- Checkfree Corporation and CyberCash,
>Inc. announced today at the Interactive Services Association conference
>that they will cooperatively develop and market products and services
>that will allow consumers to safely conduct payment transactions, in
>real time, over the Internet using credit cards, debit cards, checks or
>cash.
>    Checkfree, the nation's leading provider of electronic commerce
>services, will license technology from CyberCash, a leader in secure,
>end-to-end Internet payment systems.  Checkfree will integrate
>CyberCash's high level security features and ability to conduct cash
>transactions into the Checkfree Wallet(TM), creating a single solution
>for electronic payment transactions that offers checks, credit cards,
>cash, coin or micropayments.
>    "Partnering with CyberCash was the logical choice for Checkfree,"
>says Pete Kight, founder and CEO of Checkfree.  "Checkfree is committed
>to leading the way for electronic commerce, and providing plug and play
>Internet transaction solutions.  The Checkfree Wallet(TM) is now an even
>more attractive transaction platform for both consumers and merchants."
>    The Checkfree Wallet(TM) was introduced in April to allow consumers
>to purchases goods and services from on-line merchants in a safe,
>convenient and familiar manner.  The Checkfree Wallet(TM) does not
>require prior registration with merchants, and on-line shoppers pay no
>fees or transaction service charges.  With the addition of CyberCash's
>technology consumers will be able to utilize cash securely over the
>Internet and merchants will receive authorization in real time.  In
>addition, merchants will be able to accept payments from any on-line
>consumers, regardless of the server or browser they are using.
>    "Checkfree's long, successful record of developing applications for
>home banking and electronic bill payment is a perfect complement to
>CyberCash's secure Internet transaction and electronic cash expertise,"
>said Magdalena Yesil, vice president of marketing for CyberCash.
>"Together we can offer a complete array of payment tools that allow
>consumers to conduct spontaneous transactions and pay bills via the
>Internet."
>    Checkfree and CyberCash will focus on developing products that can
>be easily integrated into any browser system and merchant server.  The
>new Internet transaction product offering, which will be co-branded by
>Checkfree and CyberCash, is scheduled for release this fall.  The
>product will initially be available free-of-charge via NetCom's
>NetCruiser Internet browser as well as other leading Internet browsers.
>Merchant interest to date also includes ID Software, the developers of
>Doom(TM).
>
>    About CyberCash
>    CyberCash, Inc. of Reston, Virginia, was founded in August 1994 to
>partner with financial institutions and providers of goods and services
>to deliver secure Internet payment systems.  The CyberCash approach is
>based on establishing a trusted link between the seeming unpredictable
>world of cyberspace and the traditional banking world.  CyberCash serves
>as a conduit through which payments can be transported easily, safely
>and instantaneously between buyers, sellers and their banks.
>    The CyberCash system operates on top of any general security system
>such as SSL or Secure HTTP.  CyberCash beta software is currently
>available free-of-charge and can be downloaded from the company's WWW
>server at http://www.cybercash.com.  The company's initial service that
>accepts payments using any major credit card is scheduled for full
>commercial deployment this summer.  Electronic cash services are
>expected by the end of 1995.
>    CyberCash's principal founders, Bill Melton and Dan Lynch, have
>brought together a team with unparalleled experience in credit card and
>debit card automation, internet telecommunications and security.  In
>April, CyberCash was chosen by Interactive Age as one of the 100 Best
>Business Web Sites.  For further information about CyberCash, access its
>WWW server or call 800-9CYBER1.
>
>    About Checkfree
>    Checkfree Corporation, the nation's leading electronic commerce
>company, last year processed more than $6 billion in payments for
>consumers and corporate clients, with more than six million consumers
>and one million businesses benefiting from its services.  Checkfree
>serves consumers, business and financial institutions with a wide array
>of product and service offerings, each finely tuned to the specific
>needs of its users.  All leverage Checkfree's extensive technology
>infrastructure which includes its patented and proven electronic bill
>payment system.  Founded in 1981, Checkfree Corporation is headquartered
>in Columbus, Ohio, where it employs 370 full-time associates.  Checkfree
>is privately held.
>    For additional information about Checkfree, access its worldwide web
>server at: http://www.checkfree.com
>    -0-                          7/13/95
>/CONTACT:  Jennifer Sims, 415-904-7070, ext. 275 or
><jsims@accesspr.com>, or Nicol Davis, 415-904 7070, ext  281, or
><ndavis@accesspr.com>, both of Access Public Relations, for Checkfree;
>or Susan Ice of Thomas Associates, 415-325-6236, or susani@thomaspr.com
>for CyberCash, Inc./
>

-----------------
Robert Hettinga (rah@shipwright.com)
Shipwright Development Corporation, 44 Farquhar Street, Boston, MA 02131
USA (617) 323-7923
"Reality is not optional." --Thomas Sowell
>>>>Phree Phil: Email: zldf@clark.net  http://www.netresponse.com/zldf <<<<<