Philip you show your complete lack of understanding of the basis principal upon which the MCX service is based. You do not need the statutory protections that must be provided for "Credit Card" when your system is a secure double entry system that is nearly impossible to defraud. There is no payment account information in either the massage from the merchant or customer. The merchant is unaware of who the customer is unless that customer is a member of the merchants loyalty scheme. Nobody would be STUPID enough today to propose a payment system based on using a 16 digit number that is available and exchanged in the clear. MCX will be the beginning of the end of the Credit Card networks. PERIOD.