iCat Corporation, Paymentech and CyberCash today announced that they have joined forces to offer merchants a one-stop-shop for electronic commerce, from catalog creation, management and delivery with the iCat Electronic Commerce Suite, to secure transaction processing with Paymentech. Integration with a Paymentech-specific version of CyberCash CashRegister software, which allows credit card information to be sent securely over the Internet, completes the solution. This combination of industry leading Internet catalog software and complete payment services eliminates confusion for merchants, providing them with a single source to completely set up shop online.
“Paymentech has hundreds of merchants processing Internet sales, so we know the potential that exists for those yet to take advantage of electronic commerce,” said John Shirey, senior director of electronic commerce at Paymentech. “With the iCat Electronic Commerce Suite, a recognized leader in its category, we are able to offer our merchant customers another excellent solution for putting their wares on the Web. They can conduct these new transactions safely and securely from day one with Paymentech and CyberCash.”
Under the agreement, Paymentech, the leading processor of non-face-to-face transactions, will offer the iCat Electronic Commerce Suite to its 2,000 merchant customers. Additionally, iCat will provide access to the Paymentech and CyberCash services right out of the box, ensuring a complete, integrated solution from catalog development to secure payment processing. Merchants taking advantage of the iCat-Paymentech solution will have everything they need to market their products and services in multiple currencies, both for credit card and electronic check payments.
“Many merchants who want to do business on the Internet are confused by the complexity of secure web payment systems, and are searching for an Internet-savvy processor who really understands electronic commerce,” said Craig Danuloff, iCat’s president and CEO. “Paymentech not only understands electronic commerce, it knows the direct marketing industry inside out. Combining its services with the iCat Electronic Commerce Suite will make it easy for merchants to adopt the Internet as a significant and safe new revenue stream.”
“iCat’s leading catalog software together with Paymentech’s expertise at providing processing of Internet sales, integrated with CyberCash’s CashRegister software is indeed a powerful alliance to ensure the continued success and growth of electronic commerce, in the US and internationally,” commented Jeff Irby, CyberCash’s vice president, sales and marketing. “Utilizing all of our core competencies we make a superior team for delivering the total electronic commerce package.”
About iCat Corporation
iCat Corporation, founded in 1993 and based in Seattle, Washington, delivers the most complete, powerful, and flexible electronic commerce solution for creating the best catalogs on the Web. The privately held company has technology and marketing relationships with over 300 companies including Open Market, UPS, Compaq, HP, EDS, and CyberCash. Its flagship Electronic Commerce Suite has won more than ten industry awards, including “Best of Class” at Internet Commerce Expo in September, 1997. The software is available in the US, France, Germany and Japan from any of iCat’s business partners, leading distributors such as TechData, Ingram Micro, MicroAge, and Trans Cosmos Incorporated, and resellers such as Software Spectrum. For more information, visit the iCat Web site at http://www.icat.com, or call 888-BUY-ICAT.
About First USA Paymentech
First USA Paymentech, Inc. (NYSE: PTI) (http://www.paymentech.com), founded in 1985, is the leading provider of full-service electronic payment solutions to the direct response industry. As the third largest processor of bankcard transactions in the United States, Paymentech processed $41.3 billion in bankcard sales volume during the last four quarters. The company also issues commercial cards for businesses and other entities. For more information, visit the Paymentech web site at http://www.paymentech.com.
CyberCash, Inc., of Reston, Virginia, is a technology-driven company that provides software and services to enable secure financial transactions on the Internet, around the world. The company offers a complete suite of Internet payment services — including a credit card service, which handles payments using major credit cards, the innovative micropayment service, which enables cash transactions, and the secure electronic check service, which allows consumer-to-business and business-to-business electronic funds transfer. 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 the Nasdaq National Market System under the symbol CYCH.Details