From: Brian D Williams <talon57@well.sf.ca.us>
Date: Tue, 23 Aug 94 07:09:56 PDT
To: cypherpunks@toad.com
Subject: RE: in search of real digital cash
Message-ID: <199408231409.HAA04092@well.sf.ca.us>
MIME-Version: 1.0
Content-Type: text/plain





Peter Wayner adds;

>Real bankers may be well ahead of everyone on this list. I'm told
>that Citibank has some very intriguing work pending at the patent
>office. It's for digital cash. 

>-Peter Wayner

Ameritech/Citibank is running a home banking system right now.  You
can buy a display phone that accepts a Citibank smartcard and gives
you complete access to your accounts, it functions just like an
ATM, except you can't currently deposit and withdraw. Digicash is
rumoured to be forthcomming. Also as part of the startup, the white
pages are available. The phones are made by Philips, I'm still
trying to track down the exact nature of the smart cards
encryption, although I was told it was "Standard bank encryption."

I was in charge of installation for this project.

I'll keep everyone informed.



Brian Williams
Extropian
Cypherpatriot

"Cryptocosmology: Sufficently advanced communication is
                  indistinguishable from noise." --Steve Witham

 "Have you ever had your phones tapped by the government? YOU WILL
  and the company that'll bring it to you....  AT&T" --James Speth