From: eric@remailer.net (Eric Hughes)
Date: Thu, 15 Dec 94 09:10:50 PST
To: cypherpunks@toad.com
Subject: Re: FV fine print
In-Reply-To: <Miw6iTb0Eyt5RL_c4_@nsb.fv.com>
Message-ID: <199412151808.KAA06618@largo.remailer.net>
MIME-Version: 1.0
Content-Type: text/plain


   From: Nathaniel Borenstein <nsb@nsb.fv.com>

   FYI, this is a direct carryover from the standard terms & conditions of
   a Visa/MasterCard merchant account.  

Now that's what I thought it might be, and I'm not particularly
surprised.  If you use Visa, you have to play by Visa's rules.

On cypherpunks, though, information lifetime is just one of those
generally interesting questions.

This information storage requirement is reminiscent of the Bank
Secrecy Act of (I think) 1974.  Is this clause from Visa/MC a direct
(or indirect, even) result of that act, or is this just coincidence?
This is banking arcanity, not crypto arcanity, and I'm not expecting
an answer very hard.

Eric