From: skaplin@mirage.skypoint.com (Samuel Kaplin)
Date: Sun, 8 Jan 95 18:41:03 PST
To: cypherpunks@toad.com
Subject: Re: Anonymous payment scheme
In-Reply-To: <199501021344.FAA11566@largo.remailer.net>
Message-ID: <Yr94lKjqRqWD075yn@mirage.skypoint.com>
MIME-Version: 1.0
Content-Type: text/plain


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In article <199501021344.FAA11566@largo.remailer.net>, you wrote:
>    From: skaplin@skypoint.com (Samuel Kaplin)
>
>    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.
>    [...]
>    The key
>    would be not to have the card attached to the account. If the card is
>    attached to any type of account, then there are reporting requirements.
>
> Visa was talking about an electronic traveller's check, which, from
> what I could tell, instantiated an account in the sum of the value of
> the card purchased, which was then drawn down by purchase.  The card,
> evidently, had no embossing on it.  Personalization was limited to
> some account id which would last the lifetime of the balance and then
> disappear.

This is EXACTLY what I was contemplating. I really wish they would
implement it. Then I can get the traveler's cheques out of my wallet.
(unsigned in both spots of, course.)

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