CyberCash Inc’s CashRegister credit card-processing software is being used at the heart of a new internet payment system from Barclay Bank Plc in the UK. Barclay’s has licensed CashRegister and relabeled it ePDQ, adding the inevitable fifth letter of the alphabet to the name of its physical point of sale terminals that have been used […]
CyberCash Inc’s CashRegister credit card-processing software is being used at the heart of a new internet payment system from Barclay Bank Plc in the UK. Barclay’s has licensed CashRegister and relabeled it ePDQ, adding the inevitable fifth letter of the alphabet to the name of its physical point of sale terminals that have been used for years by merchants in the UK for credit and debit card processing. Barclay’s will offer ePDQ to merchants for them to connect directly with the bank to process payments from their web sites. Barclay’s has also licensed CyberCash’s CyberCoin micropayment technology under the name of BarclayCoin. CyberCash was mum on details but it usually gets a per- transaction fee on this sort of deal.
