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NPR is talking about smart card purses...
Responding to msg by [email protected] (Robert Hettinga) on
Wed, 10 Apr 5:53 PM
>Chase, Citi, MC and others are offering a stored value
>card on the west side of Manhattan. They're saying
>that smart cards are faster than cash. Stick the card
>in, say yes to the amount. The terminals are wired
>directly to a bank account, so we're looking at a book
>entry system, it looks like...
>
>The announcer is breathless at the possibilities....
>
>I wonder if this is CAFE, Mondex, or what? anyone
>know?
----------
Yep, NYT has a story on it today, the testrun is in my own
pigsty.
It's by Citibank, Chase Manhattan, Mastercard and Visa:
electronic cash loaded on a plastic card that can be used to
make small purchases.
The article also reviews the state of the art.
Wanna see it from me, or try http://www.nytimes.com?