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Company Profile

CyberCash

CyberCash, Inc. was an internet payment service for electronic commerce, headquartered in Reston, Virginia. It was founded in August 1994 by Daniel C. Lynch, William N. Melton, Steve Crocker, and Bruce G. Wilson. The company initially provided an online wallet software to consumers and provided software to merchants to accept credit card payments. Later, they additionally offered "CyberCoin," a micropayment system modeled after the NetBill research project at Carnegie Mellon University, which they later licensed.

Bankruptcy
The company filed for Chapter 11 bankruptcy on March 11, 2001. VeriSign acquired the Cybercash assets (except for ICVerify) and name a couple of months later. On November 21, 2005 PayPal (already an eBay company) acquired VeriSign's payment services, including Cybercash. ==See also==
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