EPS Chosen - CyberCash

A CyberCash Wallet

  • Password protected

  • Uses 1024 RSA and 56 bit DES encrytion. This offers a very high degree of security for payment transactions. Two key generation utilities (public key and private key, respectively) incorporate algorithms which provide the basis of the encryption process.

  • Approved for export. U.S. gov't restricts the length of encrytion key for software that is exported. Typically a firm will release one version, compatible for both United States and international market, a version with the short key length.

  • Anonymous - neither CyberCash nor the merchant sees credit info; strictly confidential between consumer & approving merchant bank.

  • Each transaction is automatically encrypted using technology from RSA and Terisa. This technology is used by U.S. Federal agencies and FBI.

  • RSA Data Security, Inc. is the world's brand name for cryptography, with more than 75 million copies of RSA encryption and authentication technologies installed and in use worldwide. RSA technologies are part of existing and proposed standards for the Internet and World Wide Web, CCITT, ISO, ANSI, IEEE, and business, financial and electronic commerce networks around the globe. The company develops and markets platform-independent developer's kits and end-user products, and provides comprehensive cryptographic consulting services.

  • Use with any browser

  • Can Download Wallet from Web for free and then securely enter credit information, only once. Wallet needs to be activitated by user and password protected.

  • Shop worldwide

  • Introducing electronic coin and check services in late 1996.

  • Over 700,000 shoppers have downloaded CyberCash Wallet software

    • Company Overview

    CyberCash, Inc. - founded in August 1994 by Bill Melton who previously founded Verifone and Transaction Network Systems, and Dan Lynch who previously founded Interop, as well as Steve Crocker, Magdalena Yesil, and Bruce Wilson.

    The company is focused on providing Secure Financial Transactions Services over the Internet, including secure credit card transactions electronic checks and micro transactions since April, 1995

    At the heart of each of CyberCash's services are three technological enablers: CyberCash Wallet, CyberCash CashRegister™ and the CyberCash Gateway Server. Both the Wallet and the CashRegister™ maintain metaphors of phyical world consumer wallets and merchant cash registers (or POS terminals). The CyberCash Gateway Server is the techology that sends CyberCash transactions to the private financial networks. The Cash Register is free to the Merchant and the consumer can download the Wallet software for free.

    Enables you to securely process credit card transactions 24 hours a day, seven days a week to a new global marketplace with cash flow expected to top 400 billion dollars a year by the year 2000. CyberCash CashRegister is compatible with current and future industry standards, including the Secure Electronic Transaction (SET) protocol, currently being developed by VISA and MasterCard. CyberCash works with all the popular browsers, as well as the majority of Internet hardware, software, servers, communication protocols, and web store applications. Performs many kinds of "credit card not present" transactions, including electronic payments, phone, fax, or email from a single software program.

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