Advances in Cryptology — CRYPTO’ 88

Volume 403 of the series Lecture Notes in Computer Science pp 319-327


Untraceable Electronic Cash

(Extended Abstract)
  • David ChaumAffiliated withCenter for Mathematics and Computer Science
  • , Amos FiatAffiliated withTel-Aviv University
  • , Moni NaorAffiliated withIBM Almaden Research Center


The use of credit cards today is an act of faith on the p a t of all concerned. Each party is vulnerable to fraud by the others, and the cardholder in particular has no protection against surveillance.