Golbal Econ.
p.v.mcmahon.rea0803 at oasis.icl.co.uk
p.v.mcmahon.rea0803 at oasis.icl.co.uk
Sun Aug 28 14:09:20 PDT 1994
> > 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
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