Stewart Stremler wrote:
begin quoting Andrew Lentvorski as of Fri, Dec 01, 2006 at 04:01:57PM -0800:
Stewart Stremler wrote:
You'd use a smart card, issued by the credit card companies.
Personally, I would really like to see true smart cards here in the
states (ie. cash on card). It will never happen. Too many companies
adore the fees they get to charge here.
Aside from the hygenic benefits, what's so nice about cash-on-a-card?
Offline vs. online. Lack of replay attacks (must have card and generate
new transaction token). No chargebacks (good for vendor). Extra
indirection between criminals your accounts. Anonymity. Bunching of
microtransactions. Lack of fees.
They are not universally better than credit cards. They have different
strengths and weaknesses.
-a
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