I don't think that VISA travel money will be a major product for VISA. When I spoke with Azbo about it it was not a major strategic direction for them. He described its use by First Bank of Internet (later first Branch of Internet). I think that VISA would LIKE to provide the Ability for travel money, to function as a debit card, but it would then be very close to their existing product of secured payment cards.There are good reasons why aproduct that allows you to draw a specific amount of cash out of ATM's is a good idea for VISA and useful for a small number of customers, but I think you're reading way to much into this. Much more interesting are proposals by the Federal reserve Board, to exempt from regulation E certain types of stored value card provided they store no more than $100. While $500 would seem to me to be a more serious and sensible level while still not having particular money laundering advantage (5 $100 bills is smaller than one smart card) it is at least a start. Phill PS Be willing to bet donuts provided he can suggest a way of delivering them via internet.