A computer system comprises hardware and software components, aiming to offer a powerful computational tool. These systems play a crucial role across diverse domains, aiding us in numerous tasks. The prevalence of the internet has significantly bolstered the utilization of computers for information sharing and communication. Computer systems empower us to store, process, display, and transmit information. Even in a basic modern computer system, multiple programs are typically required to carry out various functions effectively.

Saturday, November 7, 2015

CyberCash payment system

CyberCash Inc. was founded in 1994 and is performing secure credit card presentations since April 1995. CyberCash provides a range of commerce solutions from credit card based DPSs to account based small payment systems.

Its product and services are free to merchants and customers. CyberCash collects fees from the banks processing their credit cards.

CyberCash operates payment servers and gateways that connect the web based to external financial networks. The company business model is as a payment service provider, with free based on transaction, rather than as a software vendor.

CyberCash’s Secure Internet Payment system does use cryptography to protect the transaction data. CyberCash provides a protocol; similar to SSL to secure purchases over the web.

The system contains a back-end credit card architecture that protects confidentiality and authenticity of the user who in many cases is a merchant.

In October 1997 the German subsidiary Cyber Cash Gmbh was founded. The basic CyberCash is based on secure credit card resp. account detail presentation. The so-called electronic direct debit is a special CyberCash GmbH service.
CyberCash payment system

at 6:06 AM
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