C'punks, On Fri, 18 Feb 1994, Norman Hardy wrote:
At 21:36 2/17/94 -0500, Sandy wrote:
What is a "debit" card? It is just like a credit card, except that it is used to debit your bank account immediately rather than extend you credit--at interest--for later repayment. They are issued by Mastercard, Visa and other card companies. They look, and are used, just like a regular credit card. They are anonymous because there use creates no audit trail pointing to you. Further, the bank will keep its records in a jurisdiction that protects the privacy of such business records. For the truly paranoid, the bank will issue corporate debit cards.
Perhaps you can sell your technology to government witness protection programs. Perhaps you could even sell your service if you could prove that only the money was at risk (and not the location of users).
If I understand Norm's post correctly, I must have given him the impression that what I discribed is (our) new technology. It is not. This stuff has been around for years, we are just going to take advantage of it as others have in the past. I'm completely unsure what Norm meant by his last sentence. S a n d y