17 Dec
2003
17 Dec
'03
11:17 p.m.
Forwarded message:
Date: Fri, 19 Jul 1996 12:59:14 GMT From: jya@pipeline.com (John Young)
7-19-96. NYP:
"AT&T and Wells Fargo Investing in an Electronic Cash Card."
[etc.]
Because of these concerns, Mondex has been modified in the United States so that banks will be able to track card use. That will allow them to audit for fraud, if not recreate every transaction. Data from Mondex cards will be used for various product marketing.
In other words, they took a bad product and made it worse.