January 19, 2001, 12:00 AM

CyberCash High On Transactions

Don Davis

Editor in Chief

Electronic payment technologies and services provider CyberCash Inc. says that the company's Internet payment processing volumes passed 8 million transactions in February, tripling the number from the same month last year. Reston, Va.-based CyberCash also says that hrblock.com, the Web site of tax preparer H&R; Block, led the way among CyberCash's 20,000 Internet merchants with more than 1 million transactions processed in February. CyberCash doubled its merchant base in less than a year to the current 20,000, which also includes ReplayDVD.com and FatBrain.com. The company experienced a 110% increase in Internet revenues between 1998 and the end of 1999, it says. In February of last year, CyberCash processed 2.6 million transactions, it claims.


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