From: John Young <jya@pipeline.com>
Date: Thu, 11 Apr 1996 17:51:17 +0800
To: rah@shipwright.com
Subject: NPR is talking about smart card purses...
Message-ID: <199604110124.VAA01983@pipe3.nyc.pipeline.com>
MIME-Version: 1.0
Content-Type: text/plain



Responding to msg by rah@shipwright.com (Robert Hettinga) on 
Wed, 10 Apr  5:53 PM

>Chase, Citi, MC and others are offering a stored value 
>card on the west  side of Manhattan. They're saying 
>that smart cards are faster than cash.  Stick the card 
>in, say yes to the amount.  The terminals are wired 
>directly  to a bank account, so we're looking at a book 
>entry system, it looks  like...
>
>The announcer is breathless at the possibilities....
>
>I wonder if this is CAFE, Mondex, or what? anyone 
>know?

----------


Yep, NYT has a story on it today, the testrun is in my own 
pigsty.


It's by Citibank, Chase Manhattan, Mastercard and Visa: 
electronic cash loaded on a plastic card that can be used to 
make small purchases.


The article also reviews the state of the art.


Wanna see it from me, or try http://www.nytimes.com?