NODE 4bfb071dRe: Golbal Econ.
p.v.mcmahon.rea0803@oasis.icl.co.ukSun, 28 Aug 94 14:09:20 PDT
> > All payment mechanisms require a basis of trust - so
> > that the seller knows s/he will get paid .
> The above bank/vendor/customer/mix scenario seems the
> simplest to start out with on the Internet at this time.
Indeed. But what I have still not seen in this thread is an articulation
of a business case for existing financial institutions to support
the putative [on|off]-line payment mechanisms - in particular as an
alternative to charge/credit cards for one-off transactions.
- pvm