Financial arrangements were not disclosed. In turning to CyberSource for
protection, RocketCash said it is able to permit funding of new accounts
credit cards with substantially reduced fraud risk.
Launched in June 1999, the RocketCash service allows parents to set up
controlled spending environments for their children on the Internet. Parents
use their credit cards to fund their children’s password-protected RocketCash
accounts. The CyberSource Internet Fraud Screen automatically scans each of
these initial funding transactions for
signs of credit card fraud.
Once an account is funded with an approved parent credit card, the money is
held with Chase Manhattan Bank and teens can buy at parent-approved,
RocketCash-affiliated online merchants such as Amazon.com, MXG Online,
Beyond.com and Pacific Sunwear.
CyberSource e-commerce apps include the CyberSource Internet Commerce Suite,
offering merchant-controlled, real-time services including, payment services,
tax services, risk management services, distribution control services, and
fulfillment management services.