Don, I think you just described the same stuff as I did using a slightly different terminology.
I.e. the payee's bank plays a merchant. Or Money-in-only-merchant as I call it. I.e. the merchant charges [customer-specified] amounts of money but does not give the customer anything in return. Sounds like robbery :-). Regarding details, The idea to put payee account association in the URL is a very good one as it limits the amount of information that a payer must have to a single item! Right on. Checksums recommended. Bye SWIFT(!), bye paper-checks, and bye paypal. Hello globally interoperable P2P payments! Anders ----- Original Message ----- From: "Don Park" <[EMAIL PROTECTED]> To: <[EMAIL PROTECTED]> Cc: "'Internet-Payments'" <[EMAIL PROTECTED]> Sent: Thursday, July 18, 2002 07:59 Subject: 3D-Secure P2P Payment (was RE: [3d-secure] 3D Secure as a wire-transfer system) Answer is a definite yes. Here is a scenario possibly attractive to all parties with the exception of wire-transfer folks: In this P2P payment scenario payer's bank playing the role of the merchant, so banks offer 3D-Secure service in association with checking accounts. To receive payment from someone, you must have a checking account at a bank that offers a checking account with "3D-Secure Service". When payee open such an account, the payee receives a URL specific to your account that points to the bank's website. Payee can display the URL somewhere or e-mail it to payers. Payer uses the URL to go to the bank's 3D-Secure transaction web site and start the 3D-Secure transaction as usual. Everyone except wire-transfer folks takes a cut and its done instantly (relative to wire-transfer service). This can be done NOW by any bank that decide to offer this service as either an incentive service or a fee-based service. You don't need PayPal or BayPal to do this. Best, Don Park Docuverse > -----Original Message----- > From: Anders Rundgren [mailto:[EMAIL PROTECTED]] > Sent: Wednesday, July 17, 2002 4:33 PM > To: [EMAIL PROTECTED] > Cc: 'Internet-Payments' > Subject: [3d-secure] 3D Secure as a wire-transfer system > > > 3D Secure as a wire-transfer system > ----------------------------------------- > > A currently hard and slow thing to do, is sending small sums > of money like $50-$2000 between Europe and USA on an > infrequent basis. At least if you want to stick to your > current payment instruments. > > Could not 3D Secure improve this quite a bit by issuers > setting up combined Money-input-only-Merchants/acquirers > supporting their clients? > > I.e. if you would like to send money to somebody, you need two things: > - The payee's account number > - The URL to the payee's money-merchant > > Then you browse to the payee's money-merchant and put X > dollars in the "shopping cart" as well as specifying the > payee's account, click "checkout", and the rest is as for any > other 3D-purchase. > > Kiss those dreary paper-checks goodbye! > > Regards > Anders Rundgren > Principal designer of .PAY - Secure Internet Payment System > > > > ------------------------ Yahoo! Groups Sponsor > ---------------------~--> Free $5 Love Reading Risk Free! > http://us.click.yahoo.com/TPvn8A/PfREAA/Ey.GAA> /kgFolB/TM > > > -------------------------------------------------------------- > -------~-> > > Info: http://groups.yahoo.com/group/3d-secure/ > Unsubscribe: [EMAIL PROTECTED] > > > Your use of Yahoo! Groups is subject to > http://docs.yahoo.com/info/terms/ >
