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1996-05-01 - Why were smart cashcards first introduced in the third world?

Header Data

From: Alan Horowitz <alanh@infi.net>
To: Michael Froomkin <froomkin@law.miami.edu>
Message Hash: 37ca9c3db0057f05807cfb51eefcbcb9089d37a52b895e891d7e88db92d9afca
Message ID: <Pine.SV4.3.91.960430200147.10617A-100000@larry.infi.net>
Reply To: <Pine.SUN.3.91.960430100509.16499H-100000@viper.law.miami.edu>
UTC Datetime: 1996-05-01 06:38:17 UTC
Raw Date: Wed, 1 May 1996 14:38:17 +0800

Raw message

From: Alan Horowitz <alanh@infi.net>
Date: Wed, 1 May 1996 14:38:17 +0800
To: Michael Froomkin <froomkin@law.miami.edu>
Subject: Why were smart cashcards first introduced in the third world?
In-Reply-To: <Pine.SUN.3.91.960430100509.16499H-100000@viper.law.miami.edu>
Message-ID: <Pine.SV4.3.91.960430200147.10617A-100000@larry.infi.net>
MIME-Version: 1.0
Content-Type: text/plain


On Tue, 30 Apr 1996, Michael Froomkin wrote:
> Subject: Re: Smartcards are coming to the US
> 
> Lack of entrenched competitors? E.g. credit cards?


   Let's talk about the boondocker provinces of the Philippines, with
which I am intimately familiar. Domestic credit cards exist, but only are
accepted at larger establishments. Although some, for example, Philippine
Airlines, will _not_ accept the local cards, but are happy to accept
foreign-issued cards. 

There is a major shortage of coins and currency. I am not joking.

Thread