On Fri, Sep 23, 2011 at 1:46 AM, James A. Donald<jam...@echeque.com>  wrote:
In order to shop, one needs a third party mediating transactions

*THEY* should issue certificates. �The Visa certificate should signify "This
merchant is trusted by Visa to accept Visa."

And further, you should have a client app on your computer for dealing with
shared secrets, which is only capable of attempting a visa payment with an
entity trusted by Visa.

On 2011-09-23 7:06 PM, Ben Laurie wrote:
Wasn't that what SET did?

Set was a payments system, not a general purpose communications system that happened to be capable of transmitting payments and signing contracts.

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