Case Studies - CyberCash
Provides secure payment processing services over the Internet
- Credit cards, E-checks, and digital currency
CyberCoin is their micropayment system
- Consumers perpay for CyberCoins.
- Funds are held in escrow in a proxy account for that consumer at CyberCash.
- CyberCash transfers CyberCoins from the consumerís CyberCash Wallet to the vendorís CashRegister
Transactions do not require inter-bank clearing--low overhead