These are then registered with CyberCash. Buyers are allowed to create more than one wallet ID, each with its own password. Secondly, they must bind at least one credit card to the wallet. Binding a credit card entails entering pertinent credit card processing information such as credit card number, expiration date, shipping address and phone number. This information is then registered with CyberCash.
Buyers can bind multiple credit cards to the wallet.
Once the wallet ID is established, and at least one card has been bound, the buyer is ready to start purchasing. To be able to accept payment using the CyberCash system, merchants must do two things. This software allows the merchant to interface with both the CyberCash buyer, or Wallet software, and CyberCash's servers. Secondly, the merchant must establish a merchant account with an acquiring bank that supports Internet transactions using CyberCash's Secure Internet Payment System. CyberCash can only communicate with banks they have an agreement with.