CyberCash

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 payment service.
References in periodicals archive ?
Digitalcurrency -- also known as digital money or cybercash -- is atransformative technology that is tipped to play a game-changing rolearound the world.
Digital currency also known as digital money or cybercash is a transformative technology that is tipped to play a game-changing role around the world.
The technologies that have given rise to cybercash and digital currency necessitate further evolution toward full currency competition.
Prior to joining Verizon, he was with Sprint and before that held executive positions in service and sales with America Online, Cybercash and Interliant.
About 30 years ago, once the potentials of networked cash registers and services like Visa and rival MasterCard (NYSE: MC) became apparent, entrepreneurs like Bill Melton came up with new companies like VeriFone (NYSE: PAY) and later CyberCash, which flopped, to speed digital payments at gas stations and supermarkets and, in its consumer infancy, the Internet.
Money matters in cybercash game, BBC News, 15 September.
In daily transactions there are Cybernotarys, Cyberbills, Cyberchecks, CyberCash, CyberGold, and a growing business population becoming Cybergroupies.
There are other online collection methods that may even work better such as VeriSign's CyberCash.