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CyberCash Merchants Tops 7,000

CyberCash Inc. said the number of Internet merchants using the company's software and services exceeded 7,000 for the first time.

Recent new customers include K-Mart, Fox Sports Online and Apple Computer.

"At the end of 1996, CyberCash had about 280 merchants," said Jim Condon, CyberCash's chief financial officer. "Today, we're adding more than that every two weeks. The growth in merchants is naturally having a tremendous impact on our transactions, which are nearly one million per week, up more than 150% since Jan. 1. That follows a 180% increase in merchants since Jan. 1."

Bill Melton, president and CEO of CyberCash, said that the company's recently announced Cash Register 3 Service, which is made to provide an advanced secure payment transaction service, is being adopted by approximately 700 new merchants per month.

Last week, CyberCash unveiled its Agile Wallet service featuring InstaBuy, a one-click shopping service designed to allow consumers to purchase goods and services securely from a potentially unlimited number of merchants.

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