From: Black Unicorn <unicorn@access.digex.net>
Date: Wed, 11 Jan 95 08:43:59 PST
To: Samuel Kaplin <skaplin@mirage.skypoint.com>
Subject: Re: Anonymous payment scheme
In-Reply-To: <Yr94lKjqRqWD075yn@mirage.skypoint.com>
Message-ID: <Pine.SUN.3.91.950111114155.10307B-100000@access3.digex.net>
MIME-Version: 1.0
Content-Type: text/plain


On Sun, 8 Jan 1995, Samuel Kaplin wrote:

> Date: Sun, 08 Jan 1995 20:20:18 -0600
> From: Samuel Kaplin <skaplin@mirage.skypoint.com>
> To: Eric Hughes <eric@remailer.net>, cypherpunks@toad.com
> Subject: Re: Anonymous payment scheme
> 
> -----BEGIN PGP SIGNED MESSAGE-----
> 
> 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.)

Is this not essentially the same as the current pre-paid long distance
Phone cards on the market?

One would think the transition as easy for the credit card companies to 
make with a secured, disposable visa card.


> 
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> 
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> 

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