CyberCash Unveils CashRegister for Small Web Merchants.
CyberCash Inc has announced a 'lite' version for its
CashRegister electronic payments software aimed at small web merchants
or physical world merchants that want to process payments over the web.
CashRegister OnDemand is an alternative to the integrated CashRegister
service that CyberCash sells through channel partners such as Earthlink and Concentric Networks Inc. This product will also sold thought the
channel, and pricing has not been finalized yet, says Nancy, Goldberg,
senior VP. The main difference is that whereas the full version accepts
and passes on credit card information automatically to the back end,
OnDemand requires the merchants to enter the credit card information
themselves, which is obviously only practical for a handful of
transactions per day. Goldberg says the manual input is the only
difference between this and the full-blown CashRegister, as the level
of security is still the same, she says. As well as merchants with
small web sites, Goldberg says the company will also go after physical
merchants who could enter credit card information as a first stage
towards migration to the web. Goldberg says a PC connected to the
internet running CashRegister OnDemand could be a viable alternative to
a low-end credit card terminal from the likes of VeriFone. Goldberg
says the pricing will include set up and monthly fees, as well as a per
transaction fee. The product is in beta and will roll out through the
summer, though the company declined to be more specific about dates.