January 19, 2001, 12:00 AM

CyberCash, First Data Partner In CashRegister Deal

Don Davis

Editor in Chief

Internet payment software and services firm CyberCash Inc. and e-commerce and payment services First Data Corp. say that First Data's patent-pending technology, VirtualApp, has been integrated into CyberCash's CashRegister Internet payment service. This solution will enable Internet merchants to apply for merchant accounts online, receive a response within minutes and begin processing payments, the companies say.

VirtualApp, claims Atlanta-based First Data, is the industry's first paperless, click-through process helping businesses securely establish merchant accounts, receive online credit decisions from acquiring financial institutions and accept electronic payments.

First Data will provide payment-processing services, including authorization, data capture, processing, settlement and online statement reporting to Internet merchants using CashRegister, it says.

Reston, Va.-based CyberCash provides services to more than 20,000 online merchants, and last year, the company's Internet payment service, CashRegister, processed more than 57 million transactions, which it says is more than any other payment processing company in the industry.

Comments

Sign In to Make a Comment

Comments are moderated by Internet Retailer and can be removed.

Not a member? Signup for free today!

Advertisement

Advertisement

Advertisement

Relevant Commentary

FPO

Jason Squardo / Mobile Commerce

Five tips for achieving high mobile search rankings

Searches on mobile devices will soon exceed those on computers, Google says. Retailers that keep ...

FPO

Sergio Pereira / B2B E-Commerce

Quill turns to its B2B customers for new ideas

Coming in April is a new section of Quill.com that will let customers and Quill ...

Advertisement