PaySafe
From Wikipedia, the free encyclopedia
PaySafe was the first ever Secure Electronic Payment System for Credit Cards over the Internet in the world.
Conceived in Australia in 1991 by Dennis Charter and developed by a group of computer programmers headed by Justin Fanning, PaySafe embodied secure encryption algorithms that made it impenetrable from outside Hackers. Phil Zimmermann (the celebrated inventor of PGP - the defacto encryption standard in the world today) and Bruce Schneier (the distinguished security technologist and author) advised and contributed to the development of the encryption standards around the PaySafe product.
In 1996 PaySafe was launched in the United States and such was the belief in the security behind PaySafe, that a US$10 Million 'prize' was offered to anyone who could 'hack' the PaySafe security portal. No one made claim to the prize.
NOTE: be aware that the name "paySAFE" has been used in scams, so be careful!!!
[edit] See also
- Public-key cryptography
- Speedpass
- Digital gold currency
- e-gold
- Private currency
- Ripple monetary system
- Money
- Electronic commerce
- Anonymous internet banking
- Cypherpunk
- Mon€o
- Visa Cash
- Mondex
- Qpass
- ISO 8583
- Automated Clearing House
[edit] External links
- The Inventors
- http://www.philzimmermann.com - Home page of PGP's creator.
- MIT Public Key Directory for Registration & Search
- IETF OpenPGP working group
- The "OpenPGP Alliance"
- Simon & Garfunkel wrote a song about PGP MIT Press has published Zimmermann's documentation.
- http://www.pgpi.org - Information on currently available open source versions of PGP.
- PGP Corporation's Support Forum community support with contributions from Support staff.
