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Re: FV fine print

To: [email protected]
Subject: Re: FV fine print
From: [email protected] (Eric Hughes)
Date: Thu, 15 Dec 1994 10:08:41 -0800
In-Reply-To: <[email protected]> (message from Nathaniel Borenstein on Thu, 15 Dec 1994 11:15:27 -0500 (EST))
Sender: [email protected]

   From: Nathaniel Borenstein <[email protected]>

   FYI, this is a direct carryover from the standard terms & conditions of
   a Visa/MasterCard merchant account.  

Now that's what I thought it might be, and I'm not particularly
surprised.  If you use Visa, you have to play by Visa's rules.

On cypherpunks, though, information lifetime is just one of those
generally interesting questions.

This information storage requirement is reminiscent of the Bank
Secrecy Act of (I think) 1974.  Is this clause from Visa/MC a direct
(or indirect, even) result of that act, or is this just coincidence?
This is banking arcanity, not crypto arcanity, and I'm not expecting
an answer very hard.

Eric

References:
- Re: FV fine print
  - From: Nathaniel Borenstein <[email protected]>

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