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Cyber Cash Model: ERP Tutorial Presentation

Cyber cash allows for e-commerce by providing a secure digital alternative to physical cash and payments. It works by taking credit card transaction data sent by merchants and passing it to the merchant's acquiring bank for processing, making the transaction secure over the internet. The cyber cash gateway connects merchants to consumers and credit card acquirers. For payments to be valid, all money transfers must complete unambiguously and goods can only be received upon payment to ensure atomicity in transactions. Over time, cyber cash companies evolved and were eventually acquired by larger payment companies.

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Dhriti Tuli
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899 views11 pages

Cyber Cash Model: ERP Tutorial Presentation

Cyber cash allows for e-commerce by providing a secure digital alternative to physical cash and payments. It works by taking credit card transaction data sent by merchants and passing it to the merchant's acquiring bank for processing, making the transaction secure over the internet. The cyber cash gateway connects merchants to consumers and credit card acquirers. For payments to be valid, all money transfers must complete unambiguously and goods can only be received upon payment to ensure atomicity in transactions. Over time, cyber cash companies evolved and were eventually acquired by larger payment companies.

Uploaded by

Dhriti Tuli
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPT, PDF, TXT or read online on Scribd
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Cyber Cash Model

ERP Tutorial Presentation


Whats Cyber Cash?
 Virtual Cash
 Barter to Gold to Paper to Digital(Cyber cash)
 Allows E commerce
Cyber Cash model needs to be
 Secure
 CyberCash model makes safe passage over the
 Internet for credit card transaction data. They
 take the data that is sent to them from the
 merchant, and pass it to the merchant's acquiring
 bank for processing. Except for dealing with the
 merchant through CyberCash's server, the
 acquiring bank processes the credit card
 transaction as they would process transactions
 received through a point of sale (POS) terminal
 in a retail store.
Definitions
 Credit Card Acquirer: The bank, store or
organisation issuing Credit Cards on behalf of
the credit cart companies (MasterCard, Visa).
 Cyber Cash Gateway: The gateway that
connects the Merchant to the Consumer and
the Credit Card Acquirer.
Definitions (contd..)
Atomicity
 Money atomicity
 All money transfers complete with non-ambiguous results
 Money is neither destroyed nor created
 Goods atomicity
 One receives goods if and only if one pays
 Example: Cash On Delivery parcels
 Certified delivery
 Both buyer and seller can prove the delivered content
 If you get bogus goods, you can prove it
 CyberCash Inc acquired By VeriSign
acquired by Paypal acquried by eBay.
 My View: Cyber cash model best for
 Low Turn over companies
 Security
 It’s the future: Cybercash companies become
credit card acquirer

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