[118189] in Cypherpunks
Re: IP: Smart Cards with Chips encouraged
daemon@ATHENA.MIT.EDU (Steven M. Bellovin)
Tue Sep 21 16:10:04 1999
From: "Steven M. Bellovin" <smb@research.att.com>
To: Arnold Reinhold <reinhold@world.std.com>
Cc: Robert Hettinga <rah@shipwright.com>, cypherpunks@cyberpass.net,
cryptography@c2.net, Digital Bearer Settlement List <dbs@philodox.com>
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Date: Tue, 21 Sep 1999 15:49:27 -0400
Message-Id: <19990921194932.C8FD641F16@SIGABA.research.att.com>
Reply-To: "Steven M. Bellovin" <smb@research.att.com>
In message <v04210104b40d7088a106@[24.218.56.100]>, Arnold Reinhold writes:
> And what is the value proposition for the consumer? SSL works swell.
Bingo. Consumers will adopt this if and only if cost savings are passed on to
them, which in turn can only happen if the credit card companies (a) see a
reduction in fraud or other decrease in their costs, and (b) pass those
reductions on to the merchant.
--Steve Bellovin
