Founded in August 1994 - Headquartered in Reston, VA-Worldwide Service- US, UK, Germany, Canada, Japan
- Cybercash -secure on-line payment for tangible goods
- Both credit card and debit card models
- Limited number of banks have agreement with CyberCash
- CyberCoin system for small purchases of intangible goods
- CyberCash software runs on client side
- Encrypts order with credit card number using CyberCash public key
- Sends to merchant
- Merchant forwards to CyberCash Server
- Which obtains authorization from the bank and
- Confirms to merchant
- Credit card numbers not exposed to merchant
- Payment authorized by credit card system (on-line)
- No customer signature
- Also provides digital currency (CyberCash)
How CyberCash Works
- Customer uses CyberCash wallet
- Set up a wallet ID and password
- Enter financial information (credit cards & checking account)
- Transfer money into the wallet for CyberCoins
- All the information sent to the server using 1024-bit RSA and 56-bit DES encryption
- Merchant uses CyberCash CashRegister
- Installs on server
- Web server hands off transaction to Cash Register during purchases
- Support for transaction logging, refunds, cancellations
- Supports SSL forms, CyberCash wallets, CheckFree wallets and Microsoft wallets
- Operating Systems - Solaris, NT, SGI Irix, HP-UX, BSDI, AIX, Free BSD, and Redhat Linux
- CyberCash location uses (CyberCash Server )
Well, this article gives me so much knowledge on cybercash. Until then, I never knew about this service. I'm still little confused on how it works. Is it similar to PayPal, AlertPay?
ReplyDeleteYours programme , of online cash , has Worldwide Service- US, UK, Germany, Canada, Japan. But please mention, more details , like withdrawing cash, sending money , etc
ReplyDelete- This will ,help people using, Cybercash -secure on-line payment
I think it is great that there is more and more trusted systems like PayPal or Alertpay. Good to know how it's working from the inside.
ReplyDeleteSince I know and using internet, I use 3 online payment for receiving my money from different source, everybody who doing business on the net, should have an account at least one online payment processor...
ReplyDeletenice sharing, i didn't heard anything about CyberCash anyway i think its like paypal or alertpay or moneybooker
ReplyDeletei am right??
nice explanation on cybercash system. i was wondering how does a cybercash system works from so many days. you have cleared all my doubts. thanks
ReplyDeleteI didnt know about the flow of it's system from the inside, and thanks to your blog that now i know what needs to be done. Thanks!
ReplyDeletemaybe someday it become the easiest online payment processor. thanks for sharing
ReplyDeleteAfter read this post, I my concept is too much clear such as water. I have some confusion about online cash payment. Thanks for this post.
ReplyDeletei'm a little bit confuse after reading the article.
ReplyDeleteis that like paypal or alertpay ?
but, nice information you have, i'll look for some info about it, maybe someone can help me explain it..
this article give a wide knowledge about a payment system and how it works.
ReplyDeletei get many information about CyberCash On-line Payment Systems after read this one although i am not really understand but it's very useful for me and add my knowledge. Good post and thanks for share with us
ReplyDeletecybercash or e-currencies are being popular with time and i am sure that it will replace the traditional payment methodes.
ReplyDeleteCyberCash On-line Payment Systems is the hottest trend now as people don't have much time and will adopt this method as they can also save time.But many people will also get scared of this fearing of the security.Nice article here
ReplyDelete