InterWorld Corporation, Inc., a leading provider of enterprise-class Internet commerce software, today announced a partnership that will empower its customers with leading Internet payment technology. Teamed with CyberCash, Inc. (Nasdaq: CYCH), an enabler of secure financial transactions on the Internet, InterWorld will incorporate CyberCash’s payment software into its enterprise commerce software system, Commerce Exchange. This offering provides online businesses with greater flexibility, security, and a choice of credit card or cash payment options.
Combining CyberCash’s CashRegister merchant application with InterWorld’s Commerce Exchange provides businesses with a comprehensive and real-time merchant system that handles complete front and back office functionality, including product presentation, order and purchase processing, product fulfillment and distribution, and now, secure financial transactions over the Internet. The CashRegister enables merchants to support a choice of secure and convenient on-line payment vehicles to their customers and allows Internet merchants to instantly and securely receive any customer’s on-line payment.
“InterWorld’s open, enterprise-class architecture allows for the easy, plug-in integration of CyberCash’s CashRegister, creating a complete solution for businesses interested in Internet commerce,” said Jeff Irby, Vice President of Sales and Marketing, CyberCash. “InterWorld’s comprehensive, high-end business solution is based on four ‘pillars’ of success: Architecture, Transaction Engine, Tools, and Applications. We are excited that CyberCash’s payment service is now an essential component of this model that helps empower businesses to be successful on the Internet.”
“Today’s announcement helps expand access to a global marketplace by offering a reliable, easy-to-use on-line payment environment that is well accepted and used by the financial community,” said Michael Donahue, Co- founder and Chief Technology Officer of InterWorld. “This partnership also extends InterWorld’s core strengths to deliver enhanced flexibility and secure payment options to our customer base.”
! About CyberCash’s CashRegister
CyberCash’s CashRegister software is the merchant component of CyberCash’s Secure Internet Payment System. Integrating with InterWorld’s Commerce Exchange and a merchant’s Web storefront, the CashRegister assumes the role of a completely automated point-of-sale system for Internet transactions. This system supports secured links to the existing electronic payment infrastructure of banks and payment processors and offers processing to over 95% of the merchant acquiring banks in the U.S. The CashRegister also provides key “back-office” functions to manage administrative functions and transactions that will interface with InterWorld’s commerce system.
About Commerce Exchange
InterWorld Commerce Exchange is an enterprise commerce software system that provides businesses with a comprehensive solution for buying and selling goods or services over the Internet. The software is designed to offer users an Internet commerce experience that is functionally comprehensive, is built upon a modern technology foundation, and scales to meet the requirements of global organizations with thousands of concurrent users and very large data stores. Additionally, Commerce Exchange enables businesses to increase revenue, cut costs, and enhance customer service by providing high-quality products and services to their worldwide distributors, resellers, suppliers, and customers 24 hours a day, 7 days a week, 365 days a year.
About CyberCash, Inc.
CyberCash, Inc. of Reston Virginia, is a technology driven company that provides software and services to enable secure financial transactions on the Internet. The Company offers a complete suite of Internet payment solutions, including credit card service, which handles payments using major credit cards; the Company’s innovative micropayment service which enables cash transactions; and the secure electronic check service which allows consumer- to-business and business-to-business funds transfer via checking accounts. CyberCash works with virtually all transaction processing institutions, and allows banks to offer secure Internet payment systems to their customers. The Company is traded on NASDAQ under the symbol CYCH.
InterWorld Corporation is a leading provider of enterprise commerce software. The company develops, markets, and licenses high-performance, mission-critical applications for both business-to-business and business-to- consumer commerce over the Internet. InterWorld’s products have been adopted by Global 2000 corporations, major software and hardware vendors, electronic merchants, new media publishers, educational institutions, and governmental authorities worldwide. Founded in 1994, InterWorld is a privately-held company headquartered in New York, NY with offices in major U.S. cities as well as Canada, Europe, and Asia-Pacific regions. For more information, visit InterWorld’s World Wide Web site at or telephone 800-814-8942.