[39760] in Cypherpunks
Re: USA Today on Fear of Credit Cards over Net
daemon@ATHENA.MIT.EDU (Jim Grubs (W8GRT))
Thu Sep 21 10:22:39 1995
To: cypherpunks@toad.com
Cc: root@norden1.com
From: jgrubs@left.webcasters.com (Jim Grubs (W8GRT))
Reply-To: jgrubs@left.webcasters.com (Jim Grubs (W8GRT))
Date: Thu, 21 Sep 95 10:09:56 EDT
"Perry E. Metzger" <perry@piermont.com> writes:
>
> Re: The risk of credit cards.
>
> I suppose that indeed there are large risks elsewhere in the credit
> card system. However, I think that the credit card system itself is
> stupid and insecure and ought to be scrapped -- sending around account
> numbers as magic keys to get payment is a stupid move. Its not
> suprising how large credit card fraud is.
Hence the fast growing popularity of those cash cards.
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