Cyber Cash was a company founded in 1994 that offered a secure payment system for online credit card transactions without needing expensive approval equipment or dedicated phone lines. The system consisted of a wallet software for consumers, a payment system for merchants' websites, and gateway servers connecting to banks. It provided advantages like strong encryption and real-time payments while allowing merchants to avoid seeing customers' credit card numbers. However, it required both consumers and merchants to install extra software.

1. CYBER CASH
PRESENTED BY: AHMAD SHAYAN

2. DEFINITION
Registered trademark of Cyber Cash Corp. which
offers secure means through which credit card
information can be exchanged over internet.
Cyber cash permits online payments without the
fear of cyber fraud, expensive credit card
approval equipment, and dedicational telephone
lines.

3. CYBER CASH SECURE INTERNET PAYMENT SERVICE
Cyber Cash, Daniel C. Lynch was founded in August
1994. The company is focused on providing Secure
Financial Transactions Services over the Internet,
including secure credit card transactions, electronic
checks and micro transactions.

4. FEATURES OF CYBER CASH
• Secure Internet credit card (macro-level) transactions since April
1995.• Thousands of transactions processed daily.
• Over 500,000 Cyber Cash Customer-Wallets in the distribution
channel, including Cyber Cash, Check free, and Campus serve
wallets.
• Connected to 80% of the banks in the U.S
Cyber Coin-- The Cyber Coin service enables small cash payments for
instantaneous electronic delivery of information, products and
services.

5. CASH CREDIT CARD PURCHASING/PAYMENT SYSTEM THE
CYBER
The Cyber Cash credit card payment system consists of three parts :
• The Cyber Cash Wallet-software distributed free to consumers (Windows or
Mac-based)
• The Secure Merchant Payment System (SMPS) for the sellers web-server; It
communicates with the customer and the Wallet-software.
• Cyber Cash Gateway Servers for banks; It links the sellers server to existing
financial networks of the bank in a safe manner for the bank and acts as a
firewall.

6. ADVANTAGES:
• Cyber Cash uses strong encryption for transporting payment
information. – They claim to be the only Internet payment
company granted an export license to use RSAs 786 bit
encryption algorithm.
• The Merchant does not see the buyers credit card number.
• Merchants do not have a waiting period for receiving
payment, as with First Virtual. The merchants bank account is
credited within in the normal time frame for credit card
transactions.

7. DISADVANTAGES:
• Potential buyers and merchants must both install
extra software in order to use the system. This
makes the system harder to use for people with little
computer experience.
• Merchants need to have an account with an
acquiring bank that accepts Cyber Cash Secure
Internet Payments.

8. CONSUMERS BENEFITS:
• Safe, private and easy to use.
• Protected by the highest allowed levels of Internet encryption
with assured authentication.
• Use existing Visa, MasterCard, American Express or Discover. No
special credit cards are necessary.
• Complete on-line payments

9. Merchant Benefits:
• Real-time authorization and settlement
• Receive payments instantly and secure
• No need to maintain expensive phone or fax
operations
• Open 24 hours a day

10. THANK YOU DEAR