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CyberCash, Netscape In E-Commerce Pact

CyberCash Inc. plans to incorporate its credit and check payment services in Netscape Communications Corp.'s BillerXpert bill payment application.

CyberCash's PayNow secure electronic check service and its credit card service will be included as a payment option in Netscape BillerXpert.

Last week Netscape debuted BillerXpert 1.0, an Internet bill presentment and payment application that enables businesses to develop new revenue streams. Through the use of BillerXpert, billers can offer preferred customers the ability to view and pay bills online by check or credit card.

CyberCash enables billers to accept credit cards and check payments in one electronic cash register and manages the payment process such as linking customers, sending settlement requests to banks and posting payments directly to the biller's accounts receivable system. CyberCash also provides connectivity to banks and to processors.

"CyberCash has the most reliable and efficient bill payment system on the market today supporting all three forms of payment, cash, credit and check," said Richard Crone, CyberCash vice president and general manager. "It is a very natural development for CyberCash to be involved with a company like Netscape to make bill presentment and payment widely available to billers on the Internet."

"BillerXpert enables billers to turn billing into a competitive advantage, strengthen customer relationships and build new revenue streams through customer self-service and one-to-one marketing," said Ben Horowitz, vice president of customer relationship applications at Netscape Communications Corp.

"Using CyberCash,billers will be able to securely process both credit card and check payments over the Internet."