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