From: "Jeff Hupp" <jhupp@novellnet.gensys.com>
Date: Wed, 17 Jan 1996 18:52:15 +0800
To: cypherpunks@toad.com
Subject: Re: new web security product
Message-ID: <179FD40110D@Novellnet.Gensys.com>
MIME-Version: 1.0
Content-Type: text/plain


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On 16 Jan 96 at 14:48, Perry E. Metzger wrote:

: 
: "Ed Carp, KHIJOL SysAdmin" writes:
: > I wouldn't pass this along normally, but it seems to allow folks to use
: > their credit cards at home securely.  Bye-bye, First Virtual... ;)
: > 
: > 	http://www.cnn.com/TECH/9601/encryption/index.html
: 
: I don't think its going to fly. No one wants to pay for an unneeded
: $100 piece of hardware to encrypt the same credit card over and over
: again, when a nearly zero marginal cost piece of software can do the
: same thing.
: 
	I am not even sure it IS an encryption device.  They say
"Potentially vulnerable personal account information is scrambled
or encrypted on the magnetic stripe on the card. It is
electronically transferred through the hardware. That eliminates
the need to say or "key in" the account number or expiration
date. "

	It may just be a low cost? mag stripe reader...

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-- 
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Certainly the game is rigged.  Don't let that stop you; If you
don't bet, you can't win.