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.
