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Re: Anonymous payment scheme
On Sun, 8 Jan 1995, Samuel Kaplin wrote:
> Date: Sun, 08 Jan 1995 20:20:18 -0600
> From: Samuel Kaplin <[email protected]>
> To: Eric Hughes <[email protected]>, [email protected]
> Subject: Re: Anonymous payment scheme
>
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> In article <[email protected]>, you wrote:
> > From: [email protected] (Samuel Kaplin)
> >
> > I was looking at at the bigger picture. Any merchant who accepts Visa or MC
> > could now accept anonymous payments. No hassle at all on their part.
> > [...]
> > The key
> > would be not to have the card attached to the account. If the card is
> > attached to any type of account, then there are reporting requirements.
> >
> > Visa was talking about an electronic traveller's check, which, from
> > what I could tell, instantiated an account in the sum of the value of
> > the card purchased, which was then drawn down by purchase. The card,
> > evidently, had no embossing on it. Personalization was limited to
> > some account id which would last the lifetime of the balance and then
> > disappear.
>
> This is EXACTLY what I was contemplating. I really wish they would
> implement it. Then I can get the traveler's cheques out of my wallet.
> (unsigned in both spots of, course.)
Is this not essentially the same as the current pre-paid long distance
Phone cards on the market?
One would think the transition as easy for the credit card companies to
make with a secured, disposable visa card.
>
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