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We propose Zether, a private payment mechanism that is compatible with Ethereum and other account-based payment systems.
A cardholder would be able to obtain a "private payment number" that could be used at any site that accepts American Express cards.
Wilcox said he does not know whether Huizar made a private payment to settle the lawsuit.
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The counterparty relationships that were sundered by the Lehman failure also revealed the existence of a private payments system that tied together financial firms.
Customers who use the free service, which the company said would be available within a month, will register on American Express's own Web site, enter a name, password and account number, and obtain a single-use private payment number.
On Sept. 7, American Express announced a new "private payments" service that is rather like having a disposable credit card.
Instead, it would simply set the private payment rates at a percentage above what Medicare pays.
Although KCMC is a private hospital, payment for the hospital bill is not considered as initial criteria for transfer or management of admitted newborns, therefore, all admitted babies receive same quality of care irrespective of the social background.
Using the mechanism of insurance as a substitute for direct financing (for public subsidy and for private payment) leads to inefficiencies and to behaviours inconsistent with economic optimising.
And they have limited use in countries such as Egypt where, according to some estimates, as little as 5% of the population have a bank account.In theory, that leaves plenty of room for private payment services to bridge the gap.
Earlier this year, a UN monitoring group report described the central bank as a "slush fund" for private payments, a charge the government denies.
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CEO of Professional Science Editing for Scientists @ prosciediting.com