Re: Informal poll: Identity use cases

perhaps overly diligent, mind, worse problems exist… 

Cheers… 

On 22 May 2014, at 12:37 am, Manu Sporny <msporny@digitalbazaar.com> wrote:

> On 05/19/2014 01:11 AM, Timothy Holborn wrote:
>> Use Case: Execute a transaction without revealing secrets (i.e. 
>> identity, passwords, PINs) whose primary purpose is orthogonal to the
>> actual transaction.
>> 
>> - I'm not sure i understand the Use Case...
> 
> The use case requirement is basically: "Don't ask customers to type in
> their credit card numbers, they're unnecessary and insecure."
> 
> The same thing applies to CVV2 numbers on the back of the credit card.
> 
> In other cases, it should be unnecessary for you to transmit your
> identity in order to, for example, pay for a pack of gum. The
> description for this use case would elaborate on these points.

+1
> 
>> Use Case: Enable anonymous transactions such that the identity of the
>> customer is not discoverable by merchants or payment processors.
>> 
>> - I think this means completely anonymous - meaning untraceable? if 
>> so, -1.
>> 
>> I can see the validity of a use-case that states customer's identity 
>> is not discoverable by the merchant and/or recipient; however i 
>> interpret the 'payment processor' to include KYC/AML related 
>> requirements.  If Fiduciary responsibilities are supported (IE: for 
>> law-enforcement purposes) then +1.
> 
> Ensuring regulatory compliance would be supported. We're not going to do
> anything that enables large-scale money laundering.  :)
> 
> This use case requirement is effectively: "Enable digital cash". When a
> customer would transfer their cash into an anonymous wallet, all the
> necessary reporting would still be done w/ the financial crimes
> enforcement networks the world over. This is no different than you
> taking money out of an ATM and then handing that money to someone in a
> personal transaction.
> 
+1
> -- manu
> 
> -- 
> Manu Sporny (skype: msporny, twitter: manusporny, G+: +Manu Sporny)
> Founder/CEO - Digital Bazaar, Inc.
> blog: The Marathonic Dawn of Web Payments
> http://manu.sporny.org/2014/dawn-of-web-payments/
>

Received on Thursday, 22 May 2014 02:44:00 UTC