From: gimonca@skypoint.com (Charles Gimon)
Date: Sat, 20 Jul 1996 16:19:11 +0800
To: cypherpunks@toad.com
Subject: BIG_dif (fwd)
Message-ID: <m0uhIP1-00035JC@skypoint.com>
MIME-Version: 1.0
Content-Type: text/plain


Forwarded message:
> Date: Fri, 19 Jul 1996 12:59:14 GMT
> From: jya@pipeline.com (John Young)
> 
>    7-19-96. NYP: 
>  
>    "AT&T and Wells Fargo Investing in an Electronic Cash 
>    Card." 
>  

[etc.]

>       Because of these concerns, Mondex has been modified in 
>       the United States so that banks will be able to track 
>       card use. That will allow them to audit for fraud, if 
>       not recreate every transaction. Data from Mondex cards 
>       will be used for various product marketing. 
>  

In other words, they took a bad product and made it worse.