Excerpts from mail.cypherpunks: 31-Jan-96 Flaw in FV process (was FV .. John Pettitt@software.ne (1168*)
In the FV model as I understand it I'd have to ship the software and wait for an approve/deny/fraud from the user. If it's anything but approved I'm SOL, I still have to pay Microsoft for the product but I didn't get paid.
Actually, that's not quite right. People dealing in physical goods typically ship them AFTER the "yes" response from the user. And one of the next enhancements to our system, currently implemented and in testing in-house, will feature digitally signed notices to merchants when credit card authorization is obtained. At that point, the merchant's risk will be no greater than in traditional mail-order credit card sales.
Solve that process flaw and I'll add FV support to software.net.
Glad to hear it! -- Nathaniel -------- Nathaniel Borenstein <nsb@fv.com> Chief Scientist, First Virtual Holdings FAQ & PGP key: nsb+faq@nsb.fv.com