[25047] in Cypherpunks

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Re: Anonymous payment scheme

daemon@ATHENA.MIT.EDU (Samuel Kaplin)
Sun Jan 8 21:45:49 1995

To: eric@remailer.net (Eric Hughes), cypherpunks@toad.com
From: skaplin@mirage.skypoint.com (Samuel Kaplin)
Date: Sun, 08 Jan 1995 20:20:18 -0600
In-Reply-To: <199501021344.FAA11566@largo.remailer.net>

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In article <199501021344.FAA11566@largo.remailer.net>, you wrote:
>    From: skaplin@skypoint.com (Samuel Kaplin)
>
>    I was looking at at the bigger picture. Any merchant who accepts Visa or MC
>    could now accept anonymous payments. No hassle at all on their part.
>    [...]
>    The key
>    would be not to have the card attached to the account. If the card is
>    attached to any type of account, then there are reporting requirements.
>
> Visa was talking about an electronic traveller's check, which, from
> what I could tell, instantiated an account in the sum of the value of
> the card purchased, which was then drawn down by purchase.  The card,
> evidently, had no embossing on it.  Personalization was limited to
> some account id which would last the lifetime of the balance and then
> disappear.

This is EXACTLY what I was contemplating. I really wish they would
implement it. Then I can get the traveler's cheques out of my wallet.
(unsigned in both spots of, course.)

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