Aliso Viejo, CA - Smith Micro Software, Inc. (Nasdaq: SMSI), a worldwide developer and marketer of Internet communication software, today announced that its new WebCatalog™ 4.0 will be one of the first eCommerce and web publishing platforms to support InternetCash™ - a pre-paid debit card that allows consumers to shop online without a credit card - from InternetCash Corporation.
With this new feature, web developers who use WebCatalog 4.0 to build online storefronts will be able to incorporate InternetCash as a payment option on a given site's checkout page. When online shoppers select the InternetCash option, WebCatalog will transparently send the transaction to InternetCash Corp. for processing and seamlessly complete the operation in the background. This new capability will be available with the release of WebCatalog, version 4.0.
"With the continuing increase of e-shopping, InternetCash is a promising alternative to credit cards, and we anticipate that many online merchants will want to give their customers the ability to choose it as their preferred form of payment," said Chris Lippincott, General Manager of Smith Micro's Internet Solutions Division. "With the launch of InternetCash a few weeks ago, we felt it was important to make this new feature available in our latest version of WebCatalog."
Modeled after pre-paid phone cards, InternetCash cards are a pre-paid cash alternative that are available for purchase at brick-and-mortar retailers or online at http://www.internetcash.com in $10, $20, $50 and $100 denominations. Consumers simply scratch off the silver peel to reveal the card number, log onto the InternetCash web site to activate the card, create a special PIN, and start shopping at participating e-tailers such as House of Blues.com, CDStreet.com and Shades.com. This eliminates the need to send personal credit card information over the Internet, and it also offers a convenient payment option for teenagers, shoppers with credit problems, and others without credit cards.
"In order to make it easy for e-merchants to enable their sites to accept InternetCash, we need the cooperation of platform developers like Smith Micro," said Kerwin Kam, Vice President of Strategic Partnerships for InternetCash.com. "Their decision to support InternetCash in their WebCatalog platform will give web developers a flexible, easy-to-use implementation path, helping us bring credit card-free payment to web storefronts rapidly and conveniently."
In addition to support for InternetCash, WebCatalog 4.0 will add free extensions for Macromedia's Dreamweaver HTML editor, the ability to upload graphics directly from a browser, automatic indexing of a web site to maximize search engine exposure, and open integration for faster development. The platform can create multiple eCommerce storefronts with a single license, and supports CyberCash transactions on Macintosh servers as well as on Windows, Solaris, Unix and Linux platforms. WebCatalog can talk to any payment gateway, including MacAuthorize and ICVerify.
A beta version of WebCatalog 4.0 will be available for download on May 1 at http://smithmicro.com/isd/webcatalog.
InternetCash Corp. was founded as a financial technology company in February 1999. The company's focus is on developing "best of breed" e-commerce consumer products, and payment and transaction infrastructure solutions for the Internet. InternetCash, the company's flagship product, is the only alternative to credit cards available for shopping online today. Headquartered in New York City, the privately owned company has received funding of over $10 million to date. Investors include Silicon Valley venture capital firm El Dorado Ventures, as well as private investors D. James Bidzos, co-founder and chairman of the board of VeriSign and Daniel Lynch, co-founder and chairman of the board of CyberCash. InternetCash Corp.'s board of advisors includes Professor Ronald Rivest, Ph.D., co-founder of RSA Data Security. For additional information, visit the company on the Web at http://www.internetcash.com.
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About Smith Micro
Smith Micro Software, headquartered in Aliso Viejo, CA, is a developer and marketer of eCommerce and communication software products and services. The company designs integrated, cross-platform, easy-to-use software for personal computing and business solutions around the world. With a focus on the Internet, Wireless and Broadband technologies, the company's products enable eCommerce, Internet communications (voice-over-IP), video conferencing, wireless communications and network fax, along with traditional computer telephony.
Smith Micro's complete line of products is available through direct sales, retail stores, value-added resellers (VARs) and original equipment manufacturers (OEMs). Smith Micro's common stock trades on The Nasdaq Stock Market® under the symbol SMSI. For more information, contact Smith Micro at (949) 362-5800.
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This release may contain forward-looking statements that involve risks and uncertainties. Among the important factors which could cause actual results to differ materially from those in the forward-looking statements are economic, competitive, governmental and technological factors affecting the company's operations, markets, products, services and prices, as well as other factors detailed in the company's filings with the Securities and Exchange Commission including its recent filings on Forms 10-K and 10-Q.
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