From: ? the Platypus {aka David Formosa} <dformosa@st.nepean.uws.edu.au>
Date: Sat, 21 Jun 1997 10:17:34 +0800
Subject: Re: Fw: Advance Bank launches ecash
In-Reply-To: <v03102801afd06cbcb3be@[10.0.2.15]>
Message-ID: <Pine.LNX.3.93.970621075531.108D-100000@shirley>
MIME-Version: 1.0
Content-Type: text/plain



On Fri, 20 Jun 1997, Steve Schear wrote:

[...]

> It isn't clear to me, from their lengthy regulation list, whether a
> non-Australian can open an account.

[...]

> 2. Fee schedule.  Advance plans to charge a 0.5% discount to funds entering
> the mint, like traveller's checks.  Either banking competition must be
> different in Australia or they know something I don't.  This would probably
> not fly in the US under current competitive conditions.

Its the first,  Australian banking compertion is very bad.  The last
goverment enqury ended up basicly saying internet commerse will increase
compertion.  IIRC correctly there are laws illeglising the keeping of
records in e-cash systems however austlii is down so I can't check. 

Please excuse my spelling as I suffer from agraphia see the url in my header. 
Never trust a country with more peaple then sheep.  Buy easter bilbies.
Save the ABC Is $0.08 per day too much to pay?  ex-net.scum and prouud     
I'm sorry but I just don't consider 'because its yukky' a convinceing argument