Two net cash news notes: Toshiba smart cards & Cybercash hosting

Rohit Khare (
Mon, 27 Jan 1997 15:18:44 -0500

These just caught my eye, that's all. As for the first, I'm still thinking
there's room for a nifty floppy-based interface: either solid-state
"floppies" for storing keys, etc, or an adapter that allows you to slip a
card into the "floppy" which in turn slips into a PC.

If the mac had taken over the world, though, we'd all take advantage of ADB

As for the second, it's one of the first credible offers I've seen for
commercial xaction support.


Toshiba to sell digital cash smart card

By InfoWorld Electric staff

Posted at 5:00 p.m., PT, Jan. 24
Toshiba in April will begin shipping samples of a smart card for electronic
commerce transactions that supports 1,024-bit public key encryption, the
company announced yesterday. Mass production of the card, to be priced at
about $9, will begin in September, the company said. Based on a
Toshiba-made 8-bit CPU, the card houses 20KB of ROM and 512 bytes of RAM
and can process a maximum key length of 1,024 bits. The card was designed
as a medium for digital cash and will be used in an electronic commerce
trial sponsored by Japan's Ministry of International Trade and Industry
that will start in the first half of this year, the company said. Toshiba
expects worldwide demand for smart cards to double to 100 million units by
March 1998, the company said. Toshiba America Information Systems, in New
York, can be reached at (212) 596-0600 or

UUNet offers CyberCash to Web hosting customers

By InfoWorld Electric staff

Posted at 4:45 p.m., PT, Jan. 23
UUNet Technologies said this week it will offer CyberCash's Internet
payment services to its Web hosting customers. Consumers visiting sites
hosted by UUNet will be able to make payments by credit card using the
CyberCash Internet Wallet and also make small cash transactions using
CyberCoin. To use CyberCoin, customers electronically transfer money into
their Internet Wallet from an existing bank account. On the Web site,
CyberCash's CashRegister software acts as the merchant's point of sale by
authorizing transactions and issuing customers with electronic receipts.
UUNet has enhanced CyberCash's administrative software by adding remote
capabilities that allow merchants to monitor and administer the
transactions securely, officials said. At the same time, transactions are
encrypted all the way from the consumer to the bank, so merchants do not
see the consumer's credit card number, reducing the potential for merchant
fraud, officials said. Consumers will not be charged for transactions, and
merchants will make a payment based on the size of the purchase. UUNet, a
subsidiary of WorldCom Inc., is based in Fairfax, Va., and can be reached
at (703) 206-5600 or