ATM For Anonymous Online Payments 254
prichardson writes "The New York Times has an article about a way to anonymously transfer cash online (NYT registration required)." The inventor, Carl Amos, believes the target market for his newly-patented 'Aunty IM' ATM machine "..might be teenagers.. [who] do not usually have their own credit cards, they usually have cash and are more than willing to spend it to download music or games", as well as "those who were worried about identity theft on the Internet, or who simply wanted the privacy it provided."
google linkage (Score:4, Informative)
This is old hat in Japan (Score:5, Informative)
You just key in the bank name and account number to transfer to, insert the cash, and it's on its way. The ATM will even make change for you.
Already been done. (Score:3, Informative)
They also made into the system a way of determining real-time if any "bill" was being used more than once.
Wow. Anonymous atm. It's a real shocker if it hasnt already be theorized up to the top.
boring.
Re:Useless invention (Score:2, Informative)
He just goes to the local box and sticks 20 bucks cash money into a slot, which electronically credits you. He is somewhat anonymous, paying cash (of course, you are shipping to him), you are not.
People are hyping the word "anonymous" erroneosly here.
Re:This looks like a good way to fund terrorists (Score:5, Informative)
It's not even that simple, nor is the threshold that high. There are several levels of reporting requirements and the lowest explicit thresholds are at about $3000 for most states.
Additionally, funds transfers companies are burdened with detecting "suspicious" transactions, and you have to report those no matter what the amounts are.
I am not going to spell out how to do this, just suffice it to say that the methods are very sophisticated.
This guy ain't implementing his invention in the USA (and the non-triangle of terror countries) until he gets some heavy-duty legal compliance checking stuff into his system. The age of anonymous funds transfers is over.
Easily Bypassing NYT 'Registration Required' (Score:5, Informative)
2. Go to URL bar, replace "www" with "archive" in the URL, leaving the rest alone, and hit ENTER
3. The system will bounce you around a few erroneous URLs, before returning you to the homepage
4. All NYT links will now work without registration, thanks to a special cookie set by the bouncing process
Re:How can I pay you? (Score:5, Informative)
Doesn't American Express have something like this? It's called Private Payments [americanexpress.com]. It gives you a unique number that's lets you obscure your identity.
Now there's probably a market for teenagers and such. But I'm thinking pre-paid cards will take care of that...
Re:This is old hat in Japan (Score:1, Informative)
you can only make these payments within Japan if you are a Japanese citizen.
He's talking about automating *international* wire transfers of money. The inherent self-limitation and discrimination is enough to disqualify the Japanese system for a patent. Besides, I think you would be hard pressed to find a teller machine that would allow a transfer without some sort of identification. Sure you might be able to find some machine tucked away in some small Hakidao hamlet, but the vast majority of machines require ident. (and you are usually on camera).
Re:How can I pay you? (Score:3, Informative)
Re:How can I pay you? (Score:3, Informative)
No, Private Payments simply gives you a temporary American Express card number that expires at the end of the month in which it was issued.
The charge is still posted under your name and all the usual billing information is required. The amount is debited from your existing account.
The idea is that you give an on-line merchant a "throw-away" credit card number, without potentially compromising your primary credit card number. It cannot be used after the expiration date.
Of course, the temporary number is valid until then. So, it doesn't eliminate fraud -- it just puts a time limit on it.
Re:How can I pay you? (Score:2, Informative)
Also, it is nice because you can give them the number (as a deposit for example) and then revoke it - though this may be fraud, so use at your own risk
Re:What is happening to the English language? (Score:3, Informative)
Comment removed (Score:5, Informative)
Re:How can I pay you? (Score:3, Informative)
Try CashX (www.cashx.com) (Score:2, Informative)
Be warned, however--if you give a spoofed physical address, you may likely have problems ordering delivered goods to your real physical address (not to mention that such orders obviously compromise your anonymity).
Also, since it is a Visa card, it is subject to any restrictions Visa might adopt (for gambling sites, for example, although I don't know that they do have such restrictions).