On Sun, 8 Jan 1995, Samuel Kaplin wrote:
Date: Sun, 08 Jan 1995 20:20:18 -0600 From: Samuel Kaplin <skaplin@mirage.skypoint.com> To: Eric Hughes <eric@remailer.net>, cypherpunks@toad.com Subject: Re: Anonymous payment scheme
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In article <199501021344.FAA11566@largo.remailer.net>, you wrote:
From: skaplin@skypoint.com (Samuel Kaplin)
I was looking at at the bigger picture. Any merchant who accepts Visa or MC could now accept anonymous payments. No hassle at all on their part. [...] The key would be not to have the card attached to the account. If the card is attached to any type of account, then there are reporting requirements.
Visa was talking about an electronic traveller's check, which, from what I could tell, instantiated an account in the sum of the value of the card purchased, which was then drawn down by purchase. The card, evidently, had no embossing on it. Personalization was limited to some account id which would last the lifetime of the balance and then disappear.
This is EXACTLY what I was contemplating. I really wish they would implement it. Then I can get the traveler's cheques out of my wallet. (unsigned in both spots of, course.)
Is this not essentially the same as the current pre-paid long distance Phone cards on the market? One would think the transition as easy for the credit card companies to make with a secured, disposable visa card.
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