Perry E. Metzger wrote:
> A system in which the credit card was replaced by a small, calculator
> style token with a smartcard style connector could effectively
> eliminate most of the in person and over the net fraud we experience,
> and thus get rid of large costs in the system and get rid of the need
> for every Tom, Dick and Harry to see your drivers license when you
> make a purchase. It would both improve personal privacy and help the
> economy by massively reducing transaction costs.

I agree that it might well reduce costs and fraud - but how will it improve
privacy? Your name is already on the card ... and the issuer will still have
a list of your transactions.

Not having to show ID may save annoyance, but it doesn't significantly
improve privacy.

Peter Fairbrother

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