CyberCash


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CyberCash

A web payment processing service from CyberCash, Inc., Oakland, CA that allowed merchants to process credit cards and initiate direct transfers from customer checking accounts. Merchant transactions were sent to CyberCash servers which accessed the credit card networks and Automated Clearing House (ACH). In addition to its back-end payment processing, CyberCash also provided the InstaBuy digital wallet service that fills in the forms at any online shopping site.

One of the earliest (1995) payments systems on the Internet, CyberCash itself ran into financial trouble and declared bankruptcy in early 2001. Its North American operations were acquired by VeriSign, Inc., while its software assets were acquired by First Data Merchant Services Corporation. See Web payments service.
References in periodicals archive ?
Also excluded are CyberCash's interest in CyberCash K.
CyberCash Inc is buying San Jose-based Tellan Software Inc, a privately-held company that produces payment processing software for internet commerce.
But in every case, I generally gain 50 pounds, of which 10 pounds I can't get rid of - and there's usually a lot of shouting and hollering in the process," quips the chief executive of Reston, VA-based CyberCash, Inc.
This is how CyberCash works: When a customer makes an online purchase, a uniquely coded digital message travels to the merchant--in this case; Stewart--who confirms it and forwards it to CyberCash.
Smart cards, electronic checks, CyberCash, Visa Cash and a host of other products are either already available or will be introduced shortly.
Crocker was cofounder and CEO of Longitude Systems, as well as a founder and former Chief Technology Officer of CyberCash Incorporated.
Excluded from the transaction are CyberCash's financial assets, including CyberCash's interest in CyberCash K.
He founded CyberCash in 1994 and served as its CTO from 1994 to 1998.
CyberCash Inc just managed to beat analysts estimates for its fourth quarter losses yesterday and also announced a new version of its payment component software for Microsoft Corp's Site Server Commerce edition.
AT&T will offer CyberCash Internet payment services through its new Business Ready Dedicated Hosting Service, a fully managed bundled hosting service.
CyberCash Inc's CashRegister credit card-processing software is being used at the heart of a new internet payment system from Barclay Bank Plc in the UK.
3 is the first CyberCash product designed specifically for the Solaris platform.