Payment Methods over the Internet Achieving Electronic Privacy Electronic Wallets First Virtual Customer sends PIN number over internet, not credit card number. First Virtual e-mails customer to confirm they want to make the purchase. Client and Merchant obtain free software from First Virtual. A PIN must be used to access this wallet.
Merchant pays transaction fees.
Credit card information is encrypted as it passes through each step of the transaction. CyberCash Uses secure wallet and encryped information. This wallet can be used with Check Free and Compuserve merchants also. Secure Server Service SafeSite Merchant order form is on SafeSite's secure server, which establishes a secure link between the shoppers and SafeSite. SafeSite gets the credit card authorization and sends the merchant an approved order to be filled.