Target and Toys R Us posted overall sales declines during the holidays.
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.