First Union National Bank of Charlotte, N.C., has become the latest to accept Internet payments through the Cybercash electronic payment system.

The First Union Corp. unit's first Cybercash merchant is the American Institute for Financial Research, a Chapel Hill software company that has just released its first product line and is selling it exclusively by telephone and through the Internet.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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