Interesting People mailing list archives
IP: Re: tracking smart cash
From: Dave Farber <farber () cis upenn edu>
Date: Mon, 04 Nov 1996 14:32:52 -0500
Posted-Date: Mon, 4 Nov 1996 14:27:18 -0500 To: Dave Farber <farber () central cis upenn edu> -- Dave: This amounts to implementing the requirements of the Bank Secrecy Act in smart cards but with (I assume) automated reporting. Hence, not only will transactions over some threshold ($10K at the moment as required by the Bank Secrecy Act) be reported, but they will be reported in real time. Combined with the lack of privacy considerations in the smart-highway programs, there would be a much bigger step toward a "surveillance society." ww
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- IP: Re: tracking smart cash Dave Farber (Nov 04)