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CyberCash Helps McCain, Bradley Campaigns Accept Donations Over the Internet Dozens of Internet Campaign Sites Choose CyberCash for Secure Payment Processing
RESTON, Va., Feb 29, 2000 /PRNewswire via COMTEX/ -- CyberCash, Inc. (Nasdaq:
CYCH), the world's leading provider of Internet payment technologies and
services, announced today that it is providing payment processing technology for
Sen. John McCain, Bill Bradley and dozens of other candidates who are moving
their campaigns online.
CyberCash's CashRegister service enables contributors to make online donations
to political campaigns by providing fast and secure processing for credit card
contributions.
McCain's campaign reported that the Republican Senator from Arizona had raised
more than $2 million for his presidential campaign through his Web site
following the New Hampshire primary. Bradley's campaign has reported raising
$1.6 million through the former Democratic senator's Web site.
"The Internet economy is revolutionizing the world of campaign fundraising,"
said Chuck Riegel, Executive Vice President for Worldwide Marketing at
CyberCash. "Political Web sites need the same security, speed and reliability as
e-commerce sites and our service is the one that best meets their needs."
Aristotle, a company that provides candidates with Web fundraising tools, is
using CashRegister to power payments for more than 150 candidates in local,
state and federal elections, including previous presidential campaigns of Pat
Buchanan and Dan Quayle.
"Federal regulations are very clear on how donations must be reported and
CyberCash provides the speed and reliability we need," said Kim Ulrey, Vice
President of E-Commerce at Aristotle. "Security and simplicity are vitally
important, and CyberCash has functioned flawlessly in every case."
Political professionals say online fundraising is cheaper, easier and faster
than the traditional avenues of raising funds. Online fundraising also brings in
money from non-traditional sources and helps demonstrate grassroots support.
Their banking partner, Wachovia Bank, recommended CyberCash to Aristotle.
"Political Web sites choose CyberCash to process contributions because they know
us as the market leaders in payment processing for the Internet," Riegel said.
"Whether e-commerce or e-politics, CyberCash is the best payment processing
service online."
The CashRegister payment processing service provides customers with real time,
online authorization and settlement of transactions. CashRegister allows online
merchants and candidates to accept payments at Web sites and securely process
these payments through a financial institution and credit card processor.
Earlier this month, CyberCash announced that it had doubled its Internet
merchant base to 20,000 customers in a year. Last year the company's online
payment service, CashRegister, processed 57 million transactions -- more than
any other payment processing company in the industry.
CyberCash has experienced enormous growth as the leading provider of payment
processing services to the exploding Net economy. The company processed a record
57.4 million transactions in 1999, tripling the previous year. Internet service
revenues rose 110 percent last year.
For more information about CyberCash products, services and partners, visit the
company's Web site at www.cybercash.com.
About CyberCash
CyberCash, Inc., the world's leading provider of Internet payment services and
electronic payment technologies, is a pioneer in payment software and solutions
spanning both the e-commerce and physical world markets. CyberCash today has
more than 20,000 Internet merchant customers, more than 130,000 physical world
software products shipped and solutions that are delivered as either software or
services. CyberCash offers the broadest reach in the payment industry with a
comprehensive distribution network that includes direct and indirect sales as
well as marketing partnerships with financial institutions, Internet service
providers, application service providers, storefront solution providers and
leading independent software vendors.
SOURCE CyberCash, Inc.
(C) 2000 PR Newswire. All rights reserved.
www.prnewswire.com
