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 payment service.
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References in periodicals archive ?
and CyberCash, Inc. to deliver these cutting edge e-business solutions.
Customers can purchase the tokens, developed by CyberCash, Inc., of Reston, Virginia, from a participating bank.
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., one of only a few contenders in the Internet micropayment technology game.