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 payments service.
References in periodicals archive ?
JAX308) JAMES CONDON, CEO of CYBERCASH INC (CYCH), describes the company's business and its background; prospects for the industry, with positive and negative trends; competitive threats; strategic opportunities for the firm including its marketing plans and acquisition potential; management strength and organization; and the financial prospects of the firm looking forward.
CyberCash Inc, the Reston, Virginia-based secure payments company, has reported revenues of $5.
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.
Worst stock pick: Cybercash, which provided a system of buying products over the Internet.
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.
Today's cashless payment comes in many forms, known as cybercash, digital cash, e-cash and "smart cards.
Now that [Virtual Vineyards] offers the CyberCash service, payments are not only secure for each consumer, but clearances for transactions are accomplished automatically.
Before Omnicell, he served as senior vice president of marketing for CyberCash, Inc.
Visa says it is working with CyberCash Inc to develop its wallet, although Visa stresses it is a non-exclusive deal.
Crocker was cofounder and CEO of Longitude Systems, as well as a founder and former Chief Technology Officer of CyberCash Incorporated.
E-commerce payment software and services firm CyberCash Inc said Thursday that it has raised $15m through a private placement of common stock and warrants.