R. Hirschfeld wrote:
During the course of the CAFE project some commercial electronic purse systems emerged, notably Proton (from Banksys in Belgium, replicated in other counties under other names) and Mondex. These were in many ways less sophisticated than CAFE's system (which was multi-issuer, multi-currency, privacy-respecting, etc.) but had serious commercial backing. For the most part these seem to have stagnated or died. I suspect that getting them to catch on would require drastic measures such as:
we had gotten tasked to do a design and costing of mondex implementation in the states (all the transaction processing dataprocessing, sizing capacity and resources, etc) ... and looking at pricing various kinds of mondex related transactions ("super brick" from mondex international and how it flowed thru the rest of the infrastructure). the conclusion we came up with was that nearly all the financial justification for mondex was in the float. later there were scenarios where mondex international was encouraging deployment in various countries by offering to split the float with the chartered mondex national body (and then it seemed like float offerings were starting to peculate down to financial institutions lower in the mondex hierarchy) then along came an EU statement that mondex (and similar implementations) would only be given a grace period with regard to retaining the float (as a mechanism to underwrite start-up costs) ... but after a period of 2-3 yrs, they were then going to be required to start paying interest on balances carried in the cards. after that, much of the interest(?) seemed to evaporate. separately there were some issues with the chip technology being used in the mondex cards. misc. past posts mentioning mondex. http://www.garlic.com/~lynn/aepay6.htm#cacr7 7th CACR Information Security Workshop http://www.garlic.com/~lynn/aadsm6.htm#digcash IP: Re: Why we don't use digital cash http://www.garlic.com/~lynn/aadsm7.htm#idcard2 AGAINST ID CARDS http://www.garlic.com/~lynn/aadsm18.htm#42 Payment Application Programmers Interface (API) for IOTP http://www.garlic.com/~lynn/aadsm20.htm#7 EMV http://www.garlic.com/~lynn/aadsm21.htm#1 Is there any future for smartcards? http://www.garlic.com/~lynn/aadsm23.htm#23 Payment systems - the explosion of 1995 is happening in 2006 http://www.garlic.com/~lynn/aadsm25.htm#31 On-card displays http://www.garlic.com/~lynn/2002e.html#14 EMV cards http://www.garlic.com/~lynn/2002e.html#18 Opinion on smartcard security requested http://www.garlic.com/~lynn/2002g.html#53 Are you sure about MONDEX? http://www.garlic.com/~lynn/2002g.html#54 Are you sure about MONDEX? http://www.garlic.com/~lynn/2004j.html#12 US fiscal policy (Was: Bob Bemer, Computer Pioneer,Father of ASCII,Invento http://www.garlic.com/~lynn/2004j.html#14 US fiscal policy (Was: Bob Bemer, Computer Pioneer,Father of ASCII,Invento http://www.garlic.com/~lynn/2005i.html#10 Revoking the Root http://www.garlic.com/~lynn/2005v.html#1 Is Mondex secure? http://www.garlic.com/~lynn/2007b.html#47 newbie need help (ECC and wireless) http://www.garlic.com/~lynn/2007i.html#57 John W. Backus, 82, Fortran developer, dies --------------------------------------------------------------------- The Cryptography Mailing List Unsubscribe by sending "unsubscribe cryptography" to [EMAIL PROTECTED]