William N. Melton, foun-der, president, and chief executive officer of Cybercash Inc., has cast a vote of confidence in the company.

Mr. Melton, whose start-up successes included Verifone Inc. in 1981 and Transaction Network Services Inc. in 1991, bought 350,000 shares of Cybercash for $3.5 million 10 days ago. He paid 23% above the market price.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.