CyberCash, Inc.
CyberCash, Inc. was an internet payment service for electronic commerce, headquartered in Reston, Virginia. It was founded in August 1994 by Daniel C. Lynch (who served as chairman) and William N. Melton (who served as president and CEO, and later chairman). The company initially provided "CyberCoin" electronic wallet software to consumers and provided software to merchants to accept payments, but later abandoned electronic money and offered other forms of payment tied to credit cards.
In 1995, the company proposed RFC 1898, CyberCash Credit Card Protocol Version 0.8. The company went public on February 19 1996 with the symbol "CYCH" and its shares rose 79% on the first day of trading.
In January 2000, a teenage Russian hacker nicknamed "Maxus" announced he had cracked CyberCash's ICVerify application; the company denied this.
The company filed for Chapter 11 bankruptcy on March 11 2001 and its assets and name were acquired by VeriSign a couple of months later.
See also
External links
- http://www.cybercash.com/ (VeriSign page for CyberCash customers)
- CyberCash opens Net to small change (News.com, September 30, 1996)
- CyberCash moves to thin wallet (News.com, August 20, 1998)
- Cybercash Disputes Hacker's Claim (Internet News, January 11, 2000)
Categories: Payment systems