PayCash explained

PayCash^{[1] [2] [3] [4] [5]} is a Russian electronic payment platform for making anonymous Internet purchases with cash via kiosks.

The system is based on the technology proposed in the eighties by Dutch David Chaum. PayCash is developed by CJSC "Processing Technologies" and JSC «Aerospace Equipment Corporation», with the financial support from Tavrichesky Bank. PayCash owns 4 patents on technologies used in the system.^[6]

Several major projects are implemented based on the PayCash technology:^[7]

• Yandex.Money, payment system, currency is Russian ruble^[8]
• E-port (acquired by Qiwi), Russian payment service provider
• MOBI.Money, payment services
• MonetaExpress, money transfer system
• iDealer (acquired by), a network of automated kiosks for accepting payments in Russia and Ukraine
• iDram, payment system, currency is Armenian dram
• CyberCheck, payment system
• MegaFon, payment system^[9]
• MTS. payment system^[10]
• Ozon.ru, payment system^[11]
• 7-Eleven, payment system^[12]

Notes and References

1. Web site: Rusland Paycash. slideshare.net.
2. Web site: Paycash. sserussia.org.
3. Web site: Paycash. Processing Technology LLC.
4. Web site: Electronic payment PayCash system. Blog e-Commerce.
5. Web site: PayCash: A Secure Efficient Internet Payment System. Electronic Commerce Research and Applications Journal.
6. Web site: Patents. Processing Technologies LLC.
7. Web site: Projects. Processing Technologies LLC.
8. Web site: Online Wallets for All Yandex Users. Yandex Press.
9. Web site: Pay via PayCash. Processing Technologies LLC.
10. Web site: Payment Service. MTS.
11. Web site: Online store OZON connected to the system PayCash. Internet Finance.
12. Web site: Russian company to provide payment software for 7-Eleven's Vcom. 8 October 2002 . ATM MarketPlace.