VeriSign Payment Services Powers Over 20,000 Online Merchants With 33 Percent Increase in Q1

Acquisition of CyberCash Assets Will Add 20,000 More Merchants



Apr 23, 2001, 01:00 ET from VeriSign, Inc.

    MOUNTAIN VIEW, Calif., April 23 /PRNewswire Interactive News Release/ --
 VeriSign, Inc. (Nasdaq:   VRSN), the leading provider of Internet trust
 services, today announced that it added more than 6,000 new online merchants
 to its payment services platform during the first quarter of 2001, bringing
 its total number of active merchants to over 20,000, up 33 percent from total
 active merchants at the end of 2000. In addition to new customers gained in
 the first quarter, VeriSign expects to double its base of online merchants by
 adding more than 20,000 customers following its acquisition of CyberCash's
 North American service assets.
     With VeriSign's Payment Services, online merchants are able to process a
 full spectrum of payment types, including credit, debit and purchase cards,
 Internet checks, and automated clearing house (ACH) transactions over the
 Internet. VeriSign's Payment Services leverage a highly scalable and reliable
 Internet payment platform, connecting every major payment network within the
 U.S. and offering online merchants, buyers and suppliers an easy-to-deploy
 payment solution at an innovative flat-fee monthly subscription.
     "Our customers are looking for a value proposition that will allow them to
 get their business online quickly while ensuring the integrity of their
 payment transactions," said Doug Wolford, senior vice president and general
 manager, Web Presence Services, VeriSign. "We continue to see thousands of
 companies with solid business models seek us out as they put their businesses
 online."
     On April 13, VeriSign and First Data Merchant Services (FDMS) successfully
 bid on CyberCash's operating assets; the bid was approved by CyberCash's Board
 of Directors and the bankruptcy court as of April 17. VeriSign will acquire
 CyberCash's North American payment services operations and FDMS will acquire
 CyberCash's software. The acquisition is expected to close May 1. VeriSign is
 currently developing a plan to integrate CyberCash's payment services assets
 and customer base into its core payment services unit.
     "Our acquisition of CyberCash's operational assets provides us with an
 increased depth of resources in the payment services business," Wolford said.
 "The combination of our strong technology platforms and infrastructure will
 enable us to enhance our offerings and increase our value to customers."
     Further strengthening its payment services business, VeriSign also
 announced a partnership earlier this month with eONE Global LP, a leader in
 emerging payment technologies for Internet and wireless applications. Under
 the agreement, VeriSign and eONE will co-market each other's products and
 services as well as co-develop solutions to increase secure payment options
 for a broad range of businesses engaged in B2C and B2B e-commerce.
 
     About VeriSign Payment Services
     In addition to its innovative flat fee pricing model, VeriSign's Payment
 Services platform offers a growing menu of enhanced services including fraud
 screening, interoperability with more than 75 e-commerce applications and the
 ability to connect seamlessly to all major back-end payment processors such as
 American Express, EDS, FDC, Nova, Paymentech, Wells Fargo, Telecheck and
 Vital. VeriSign's Payment Services are also integrated with B2C and B2B
 platforms from leading providers including Ariba, Intuit, Avolent Inc.,
 Microsoft and Intershop. Unlike other HTTP-based payment solutions, VeriSign's
 TCP/IP-based service maintains data securely during the entire authorization
 process, providing a risk- and trouble-free transaction. Notable customers
 include CBS Sportsline, Webvan, wine.com and WebMD.
 
     About VeriSign
     VeriSign, Inc. is the leading provider of trusted infrastructure services
 to Web sites, enterprises, electronic commerce service providers and
 individuals. The company's domain name, digital certificate and payment
 services provide the critical Web identity, authentication and transaction
 infrastructure that online businesses require to conduct secure e-commerce and
 communications. VeriSign's services are available through its Web site
 (www.verisign.com) or through its direct sales force and reseller partners
 around the world.
     Statements in this announcement other than historical data and information
 constitute forward-looking statements within the meaning of Section 27A of the
 Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
 These statements involve risks and uncertainties that could cause VeriSign's
 actual results to differ materially from those stated or implied by such
 forward-looking statements. The potential risks and uncertainties include,
 among others, VeriSign's limited operating history under its current business
 structure, uncertainty of future revenue and profitability and potential
 fluctuations in quarterly operating results, increased competition, risks
 associated with the company's international business and risks related to
 potential security breaches. More information about potential factors that
 could affect the company's business and financial results is included in
 VeriSign's filings with the Securities and Exchange Commission, especially in
 the company's Annual Report on Form 10-K for the year ended December 31, 2000.
 VeriSign undertakes no obligation to update any of the forward-looking
 statements after the date of this press release.
     NOTE:  VeriSign is a registered trademark of VeriSign, Inc. Other names
 may be trademarks of their respective owners.
 
                      MAKE YOUR OPINION COUNT - Click Here
                http://tbutton.prnewswire.com/prn/11690X68376676
 
 

SOURCE VeriSign, Inc.
    MOUNTAIN VIEW, Calif., April 23 /PRNewswire Interactive News Release/ --
 VeriSign, Inc. (Nasdaq:   VRSN), the leading provider of Internet trust
 services, today announced that it added more than 6,000 new online merchants
 to its payment services platform during the first quarter of 2001, bringing
 its total number of active merchants to over 20,000, up 33 percent from total
 active merchants at the end of 2000. In addition to new customers gained in
 the first quarter, VeriSign expects to double its base of online merchants by
 adding more than 20,000 customers following its acquisition of CyberCash's
 North American service assets.
     With VeriSign's Payment Services, online merchants are able to process a
 full spectrum of payment types, including credit, debit and purchase cards,
 Internet checks, and automated clearing house (ACH) transactions over the
 Internet. VeriSign's Payment Services leverage a highly scalable and reliable
 Internet payment platform, connecting every major payment network within the
 U.S. and offering online merchants, buyers and suppliers an easy-to-deploy
 payment solution at an innovative flat-fee monthly subscription.
     "Our customers are looking for a value proposition that will allow them to
 get their business online quickly while ensuring the integrity of their
 payment transactions," said Doug Wolford, senior vice president and general
 manager, Web Presence Services, VeriSign. "We continue to see thousands of
 companies with solid business models seek us out as they put their businesses
 online."
     On April 13, VeriSign and First Data Merchant Services (FDMS) successfully
 bid on CyberCash's operating assets; the bid was approved by CyberCash's Board
 of Directors and the bankruptcy court as of April 17. VeriSign will acquire
 CyberCash's North American payment services operations and FDMS will acquire
 CyberCash's software. The acquisition is expected to close May 1. VeriSign is
 currently developing a plan to integrate CyberCash's payment services assets
 and customer base into its core payment services unit.
     "Our acquisition of CyberCash's operational assets provides us with an
 increased depth of resources in the payment services business," Wolford said.
 "The combination of our strong technology platforms and infrastructure will
 enable us to enhance our offerings and increase our value to customers."
     Further strengthening its payment services business, VeriSign also
 announced a partnership earlier this month with eONE Global LP, a leader in
 emerging payment technologies for Internet and wireless applications. Under
 the agreement, VeriSign and eONE will co-market each other's products and
 services as well as co-develop solutions to increase secure payment options
 for a broad range of businesses engaged in B2C and B2B e-commerce.
 
     About VeriSign Payment Services
     In addition to its innovative flat fee pricing model, VeriSign's Payment
 Services platform offers a growing menu of enhanced services including fraud
 screening, interoperability with more than 75 e-commerce applications and the
 ability to connect seamlessly to all major back-end payment processors such as
 American Express, EDS, FDC, Nova, Paymentech, Wells Fargo, Telecheck and
 Vital. VeriSign's Payment Services are also integrated with B2C and B2B
 platforms from leading providers including Ariba, Intuit, Avolent Inc.,
 Microsoft and Intershop. Unlike other HTTP-based payment solutions, VeriSign's
 TCP/IP-based service maintains data securely during the entire authorization
 process, providing a risk- and trouble-free transaction. Notable customers
 include CBS Sportsline, Webvan, wine.com and WebMD.
 
     About VeriSign
     VeriSign, Inc. is the leading provider of trusted infrastructure services
 to Web sites, enterprises, electronic commerce service providers and
 individuals. The company's domain name, digital certificate and payment
 services provide the critical Web identity, authentication and transaction
 infrastructure that online businesses require to conduct secure e-commerce and
 communications. VeriSign's services are available through its Web site
 (www.verisign.com) or through its direct sales force and reseller partners
 around the world.
     Statements in this announcement other than historical data and information
 constitute forward-looking statements within the meaning of Section 27A of the
 Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
 These statements involve risks and uncertainties that could cause VeriSign's
 actual results to differ materially from those stated or implied by such
 forward-looking statements. The potential risks and uncertainties include,
 among others, VeriSign's limited operating history under its current business
 structure, uncertainty of future revenue and profitability and potential
 fluctuations in quarterly operating results, increased competition, risks
 associated with the company's international business and risks related to
 potential security breaches. More information about potential factors that
 could affect the company's business and financial results is included in
 VeriSign's filings with the Securities and Exchange Commission, especially in
 the company's Annual Report on Form 10-K for the year ended December 31, 2000.
 VeriSign undertakes no obligation to update any of the forward-looking
 statements after the date of this press release.
     NOTE:  VeriSign is a registered trademark of VeriSign, Inc. Other names
 may be trademarks of their respective owners.
 
                      MAKE YOUR OPINION COUNT - Click Here
                http://tbutton.prnewswire.com/prn/11690X68376676
 
 SOURCE  VeriSign, Inc.