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CyberCash, First USA Offer One-Click Shopping

CyberCash Inc. and credit card issuer First USA are teaming up to offer merchants and consumers a one-click way to buy good sand services online.

InstaBuy, which is built on CyberCash's new agile wallet platform provides one-click shopping at any online merchant site using the InstaBuy Service.

"Through our relationship with CyberCash, we can now offer cardmembers increased convenience to conduct online purchases, while providing our merchant partners a valuable tool to remove the barriers that inhibit Internet sales," said James W. Stewart, executive vice president, partnership and Internet marketing at First USA, a subsidiary of Bank One.

With InstaBuy, merchants can enable the service as a stand-alone CyberCash service or as an integrated component of the CyberCash CashRegister service, a real-time Internet payment processing solution.

The InstaBuy wallet stores a consmer's personal and billing information. When the shopper makes a purchase at any InstaBuy enabled merchant site, the InstaBuy information is automatically sent once the consumer enters a password.

First USA has approximately 43 million cards issued and $41.6 billion in total loans outstanding.