Subject: Shoe-horning Mondex onto the Internet -- still won't fit There many high barriers to the shoe-horning of Mondex onto the Internet: + Was not designed for the Internet, rather for physical portable cards + Requires expensive hardware: >$100/board for a PC in start-up quantities + Accoring to inside sources, is vulnerable to MITM between payer and payee + According to inside sources, is grossly vulnerable to replay attacks (offline multi-spending to different parties) + The designers have zero experience and reputation in the cryptographic and computer security communities + None of the Mondex designs have been published or peer reviewed. + The protocol cannot be published for security reasons, which means -- Mondex has security holes -- Customers who defraud Mondex-using banks have legal deniability in a court of law: they can simply request banks to produce the security protocols as evidence; if they refuse the case is thrown out of court (precedent: UK and US phantom-ATM withdrawal cases)