Cyber cash

Information Technology

1. c yber 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