Prediction about new credit card number scheme

>By JOHN MARKOFF AN FRANCISCO -- 
>Hoping to remove a major impediment to credit card transactions over the
>Internet, a business group led by Mastercard International and Visa
>International plans to announce an industry-standard technology Thursday
>for protecting the security of electronic payments. 

My prediction about the new CC standard:  it will be a mistake if they 
don't pass on the details to cypherpunks.

BTW - are any micropayment schemes reving up to commerciality yet???

-Thomas

On Thu, 1 Feb 1996, Thomas Grant Edwards wrote:

> 
> >By JOHN MARKOFF AN FRANCISCO -- 
> >Hoping to remove a major impediment to credit card transactions over the
> >Internet, a business group led by Mastercard International and Visa
> >International plans to announce an industry-standard technology Thursday
> >for protecting the security of electronic payments. 
> 
> My prediction about the new CC standard:  it will be a mistake if they 
> don't pass on the details to cypherpunks.
> 
> BTW - are any micropayment schemes reving up to commerciality yet???
> 
> -Thomas
> 
> 
> 
> 
> 

(defun modexpt (x y n)  "computes (x^y) mod n"
  (cond ((= y 0) 1) 
	((= y 1) (mod x n))
	((evenp y) (mod (expt (modexpt x (/ y 2) n) 2) n))
	(t (mod (* x (modexpt x (1- y) n)) n))))

Thomas Grant Edwards wrote:
> 
> >By JOHN MARKOFF AN FRANCISCO --
> >Hoping to remove a major impediment to credit card transactions over the
> >Internet, a business group led by Mastercard International and Visa
> >International plans to announce an industry-standard technology Thursday
> >for protecting the security of electronic payments.
> 
> My prediction about the new CC standard:  it will be a mistake if they
> don't pass on the details to cypherpunks.

  I believe that there will be a public review period.

	--Jeff

-- 
Jeff Weinstein - Electronic Munitions Specialist
Netscape Communication Corporation
jsw@netscape.com - http://home.netscape.com/people/jsw
Any opinions expressed above are mine.