From: Stanton McCandlish <mech@eff.org>
Date: Wed, 14 Sep 94 10:15:13 PDT
To: sci-crypt@cs.utexas.edu (sci.crypt)
Subject: EduPage note on CyberCash "digital purse" e-money rollout
Message-ID: <199409141715.NAA12236@eff.org>
MIME-Version: 1.0
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Any more info on this appreciated.


From EduPage, 09/14/94:

"PAYDAY ON THE INTERNET
A new company called CyberCash hopes to break the impasse in conducting
commercial transactions over the Internet by offering a secure electronic
payment system. "We want to make the Internet safe for commerce... and
provide safe passage from cyberspace into the banking world," says the
company's president and co-founder. CyberCash will allow users to ask their
banks to set aside money in a "digital purse." The funds are then
transferred to the merchant when an item is purchased. CyberCash would
receive a small fee for each transaction. The company is still working on
security measures, and must persuade banks that the system protects privacy
and is tamper-proof. (Wall Street Journal 9/13/94 B1)"

-- 
<A HREF="http://www.eff.org/~mech/mech.html">       Stanton McCandlish
</A><HR><A HREF="mailto:mech@eff.org">              mech@eff.org
</A><P><A HREF="http://www.eff.org/">               Electronic Frontier Fndtn.
</A><P>   Online Activist