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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G/A
INFORMATION STATEMENT PURSUANT TO RULES 13D-1 AND 13D-2
UNDER THE SECURITES ACT OF 1934
FIRST VIRTUAL HOLDINGS INCORPORATED
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(Name of Issuer)
Common Stock, par value $.001 per share
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(Title of Class and Securities)
337 486 104
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(Cusip Number)
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CUSIP NO. 337486104 13G/A PAGE 2 OF 4 PAGES
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NAME OF REPORTING PERSON
1
Paymentech Merchant Services, Inc.
75-2044092
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
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SEC USE ONLY
3
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CITIZENSHIP OR PLACE OF ORGANIZATION
4
Nevada
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SOLE VOTING POWER
5
NUMBER OF 1,636,217
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
OWNED BY
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EACH SOLE DISPOSITIVE POWER
7
REPORTING 1,636,217
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
1,636,217
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
(_)
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
18.5%
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TYPE OF REPORTING PERSON*
12
CO
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*SEE INSTRUCTION BEFORE FILLING OUT!
Page 2 of 4 pages
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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Schedule 13G
Under the Securities Exchange Act of 1934
Fee enclosed [_] or Amendment No. 3
ITEM 1(a) NAME OF ISSUER:
First Virtual Holdings Incorporated
ITEM 1(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
11975 El Camino Real, San Diego, CA 92130
ITEM 2(a) NAME OF PERSON(S) FILING:
Paymentech Merchant Services, Inc.
(f.k.a. First USA Merchant Services, Inc.)
As of December 31, 1997, Paymentech Merchant Services, Inc. was the direct owner
of 1,636,217 shares of the common stock, par value $.001 per share, of First
Virtual Holdings Incorporated which includes 852,272 shares issuable upon
exercise of warrants to purchase common stock, currently exercisable.
ITEM 2(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE:
1601 Elm Street, Ste. 800, Dallas, Texas 75201
ITEM 2(c) CITIZENSHIP: Nevada
ITEM 2(d) TITLE OF CLASS OF SECURITIES:
Common Stock, par value $.001 per share
ITEM 2(e) CUSIP NUMBER:
337 486 104
ITEM 3 IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b) OR 13d-2(b),
CHECK WHETHER THE PERSON FILING IS:
(a) [_] Broker or dealer registreed under Section 15 of the Act.
(b) [_] Bank as defined in Section 3(a)(6) of the Act.
(c) [_] Insurance Company as defined in Section 3(a)(6) of the Act
(d) [_] Investment Company registered under Section 8 of the
Investment Company Act.
(e) [_] Investment Adviser registered under Section 203 of the
Investment Advisers Act of 1940.
(f) [_] Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of
1974 or Endowment Fund; see SECTION 240.13d(b)(1)(ii)(F)
(g) [_] Parent Holding Company in accordance with
Section 240.13d-1(b)(1)(ii)(G).
(h) [_] Group, in accordance with s.s. 240.13d-1(b)(ii)(H)
ITEM 4 OWNERSHIP
(a) Amount Beneficially Owned: 1,636,217
(b) Percent of Class: 18.5%
(c) Number of shares as to which such person has:
i) Sole power to vote or to direct the vote: 1,636,217
ii) Shared power to vote or to direct the vote: None
iii) Sole power to dispose or to direct the disposition of:
1,636,217
iv) Shared power to dispose or to direct the disposition of:
None
ITEM 5 OWNERSHIP OF 5% OR LESS OF A CLASS:
Not applicable.
ITEM 6 OWNERSHIP OF MORE THAN 5% ON BEHALF OF ANOTHER PERSON:
The securities are owned by Paymentech Merchant Services, Inc. a wholly owned
subsidiary of Paymentech, Inc. and Paymentech Management Resources, Inc.
ITEM 7 IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
Not applicable.
ITEM 8 IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
Not applicable.
ITEM 9 NOTICE OF DISSOLUTION OF THE GROUP:
Not applicable.
ITEM 10 CERTIFICATION
Not applicable.
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Signature
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
February 6, 1998
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(Date)
Paymentech Merchant Services, Inc.
By: /s/ Philip E. Taken
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(Signature)
Name: Philip E. Taken
Title: Chief Administrative Officer
and General Counsel
