17 Dec
2003
17 Dec
'03
11:17 p.m.
All payment mechanisms require a basis of trust - so that the seller knows s/he will get paid .
The above bank/vendor/customer/mix scenario seems the simplest to start out with on the Internet at this time.
Indeed. But what I have still not seen in this thread is an articulation of a business case for existing financial institutions to support the putative [on|off]-line payment mechanisms - in particular as an alternative to charge/credit cards for one-off transactions. - pvm