CyberCash's Operating Assets to Be Acquired Through Joint Bid Submitted by VeriSign and FDMS

Apr 13, 2001, 01:00 ET from CyberCash, Inc.

    RESTON, Va., April 13 /PRNewswire/ -- CyberCash, Inc.
 (OTC Bulletin Board:   CYCHQ), a leading provider of electronic payment
 technologies and services, today announced that the successful bid for the
 company's operating assets at the auction held April 11, 2001, was submitted
 jointly by a group consisting of VeriSign, Inc. and First Data Merchant
 Services.  The bid was in the amount of $20.4 million.  The acquisition is
 subject to approval by CyberCash's board of directors and the bankruptcy
 court.  Closing is scheduled for May 1, 2001.
     Excluded from the transaction are CyberCash's financial assets, including
 CyberCash's interest in CyberCash K.K., its Japanese payment processing joint
 venture with SoftBank, as well as CyberCash's investments in Commission
 Junction, X.com and Outbounders, Inc. (formerly UUCom).  CyberCash intends to
 sell these financial assets through subsequent auctions in the next 60 days.
 
     About CyberCash
     CyberCash, Inc., headquartered in Reston, VA, is a leading provider of
 Internet payment services and electronic payment software for both Business-
 to-Consumer (B2C) and Business-to-Business markets (B2B).  The Company
 provides service solutions to more than 27,500 Internet merchants and has
 shipped more than 145,000 copies of its software products.  In addition to
 enabling Internet payments, CyberCash offers merchants state-of-the-art risk
 management capabilities through its FraudPatrol(TM) Internet fraud detection
 service, and the opportunity to generate additional sales leads through an
 affiliate marketing program.  CyberCash offers the broadest reach in the
 payment industry with a comprehensive distribution network focusing on both
 direct and indirect channels, which include marketing partnerships with
 financial institutions, Internet service providers, application service
 providers, storefront solution providers and leading independent software
 vendors.  On March 2, 2001, CyberCash terminated its previously announced
 merger with Network 1 Financial Corporation and commenced the sale of its
 operations in Chapter 11.  For more information, visit
 http://www.cybercash.com .
 
 

SOURCE CyberCash, Inc.
    RESTON, Va., April 13 /PRNewswire/ -- CyberCash, Inc.
 (OTC Bulletin Board:   CYCHQ), a leading provider of electronic payment
 technologies and services, today announced that the successful bid for the
 company's operating assets at the auction held April 11, 2001, was submitted
 jointly by a group consisting of VeriSign, Inc. and First Data Merchant
 Services.  The bid was in the amount of $20.4 million.  The acquisition is
 subject to approval by CyberCash's board of directors and the bankruptcy
 court.  Closing is scheduled for May 1, 2001.
     Excluded from the transaction are CyberCash's financial assets, including
 CyberCash's interest in CyberCash K.K., its Japanese payment processing joint
 venture with SoftBank, as well as CyberCash's investments in Commission
 Junction, X.com and Outbounders, Inc. (formerly UUCom).  CyberCash intends to
 sell these financial assets through subsequent auctions in the next 60 days.
 
     About CyberCash
     CyberCash, Inc., headquartered in Reston, VA, is a leading provider of
 Internet payment services and electronic payment software for both Business-
 to-Consumer (B2C) and Business-to-Business markets (B2B).  The Company
 provides service solutions to more than 27,500 Internet merchants and has
 shipped more than 145,000 copies of its software products.  In addition to
 enabling Internet payments, CyberCash offers merchants state-of-the-art risk
 management capabilities through its FraudPatrol(TM) Internet fraud detection
 service, and the opportunity to generate additional sales leads through an
 affiliate marketing program.  CyberCash offers the broadest reach in the
 payment industry with a comprehensive distribution network focusing on both
 direct and indirect channels, which include marketing partnerships with
 financial institutions, Internet service providers, application service
 providers, storefront solution providers and leading independent software
 vendors.  On March 2, 2001, CyberCash terminated its previously announced
 merger with Network 1 Financial Corporation and commenced the sale of its
 operations in Chapter 11.  For more information, visit
 http://www.cybercash.com .
 
 SOURCE  CyberCash, Inc.