On Wed, 9 Aug 1995, Black Unicorn wrote:
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- - - Bank Fees and the E-cash Niche.
Banks have gorged themselves on rocketing fees for the last five years. The result is that typical bank customer currently pays 150% of the amount of interest collected on accounts in a given year in the form of fees. My prediction, and my hope, is that e- cash will cut through the pretense upon which the rationalization of many of these fees is based, and even market itself on this point- Lower Fees.
you have surpassed yourself in assumption here A, your hope that e-cash will some how reduce bank fees is a long stretch. banks like their fees and the massive profits they pull too much to cut this part out. they will likely charge more for the great gift of e-cash as if it were some special feature.
I cannot believe that e-cash won't be able to solve some of these problems, and I hope it will limit its own fees to usage. To me this is a classic argument for small house e-cash shops. Citibank and Mastercard are going to fight for their fees.
how will small shops hope to run with consumer titians like citibank and such? all they need to is announce something nifty like the "electric purse" and call it e-cash and the market is closed.
00B9289C28DC0E55 nemo repente fuit turpissimus - potestas scientiae in usu est E16D5378B81E1C96 quaere verum ad infinitum, loquitur sub rosa - wichtig! *New Key Information* - Finger for key revocation and latest key update.
XXX's & OOO's anyhow =) +tat -- www.mindport.net/~tatjana "Life... is a state of mind."