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Re: Anonymous payment scheme
At 03:52 AM 1/2/95 -0600, Samuel Kaplin wrote:
>... 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. They
>probably wouldn't even know that it was an anonymous account. It fits into
>the existing infrastructure very nicely.
If you can convince BankAmerica or MasterCard International to deal with you.
> ... Walk into the issuing authority, plunk your $9999.99 on the counter
and > ask for your card. When you've spent it all, toss the card.
Right there you imply one of the requirements you'd need to fulfill--the
reporting requirements on cash transactions over $10K. If you accepted many
deposits over $5K, you probably get asked a lot of questions about how
you're preventing people from structuring transactions to avoid the
--Paul J. Ste. Marie
[email protected], [email protected]