From: "Frank O. Trotter, III" <fotiii@crl.com>
Date: Mon, 22 Jul 1996 13:36:39 +0800
To: cypherpunks@toad.com
Subject: Re: Credit Card to eCash
Message-ID: <199607220309.AA24954@mail.crl.com>
MIME-Version: 1.0
Content-Type: text/plain


> |What would be the problems in setting up a web site to make a
> | charge to a Credit Card/ATM card number and return Cash, like an ATM for
> | the net?
> 
> -- 
> "It is seldom that liberty of any kind is lost all at once."
> 					               -Hume
> 

Obviously this would be tremendous!  There are a variety of ways
that one can construct a purse to allow use of a purchased amount of
ecash(tm)  without being a customer of a particular bank -  a nifty
idea if the credit card part works.

The "credit card thing" has been much discussed but really hinges on
 a change in the MC or VISA rules that either doesn't allow someone
to cancel the transaction at a later date leaving the acceptor
holding the bag, or allowing the acceptor to charge a fee that
covers the default risk of the former.  Currently according to my 
reading both are precluded.

Curiously, a little bird told me that the VISA _cash_ cards for
Atlanta allow you to call up to order one paying with a credit card,
and that it appears on one's statement as merchandise.  I would be
curious to hear what VISA rule changed to allow a non-face-to-face
cash advance to occur and call it merchandise!  Whatever.

Best,

FOT

My own ideas, not my employer's.
Frank O. Trotter, III  -   fotiii@crl.com
www.marktwain.com  - Fax: +1 314 569-4906
--------------------------------------------