7-19-96. NYP: "AT&T and Wells Fargo Investing in an Electronic Cash Card." The companies said that they would form the American affiliate of Mondex. Any one with a Mondex card can transfer electronic cash to anyone else with a card. This flexibility has raised concerns both about the possibility of counterfeiting and of money laundering. 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. "We believe there should be privacy, but there is a big difference between privacy and anonymity," Dudley Nigg, executive vice president of Wells Fargo, said. ----- http://pwp.usa.pipeline.com/~jya/bigdif.txt (4 kb) BIG_dif