IP: a compendium of reports--Electronic Financial Services Update

[Dave Farber <farber () cis upenn edu>]

> > Date: Fri, 16 Jul 1999 17:39:54 -0700 (PDT)
> > From: Phil Agre <pagre () alpha oac ucla edu>
> > To: "Red Rock Eater News Service" <rre () lists gseis ucla edu>
> > Subject: [RRE]Electronic Financial Services Update
> > Sender: <rre () lists gseis ucla edu>
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> > Date: Thu, 15 Jul 1999 19:46:35 -0700
> > From: John Muller <johnmuller () earthlink net>
> > Subject: Electronic Financial Services Update
> >
> > Privacy developments once again lead off the monthly roundup of new
> > and previously-overlooked links in electronic financial services
> > and electronic commerce law, policy and protocols.  Previous updates
> > are available at the Web site of the American Bar Association Joint
> > Subcommittee on Electronic Financial Services,
> > http://www.abanet.org/buslaw/efss/whatsnew.html
> >
> >
> > A. FINANCIAL PRIVACY AND CONSUMER PROTECTION
> >
> > H.R. 10 on financial modernization passes House of Representatives
> > (with Title V on financial privacy, Section 351 on confidentiality
> > of health and medical information, Section 171 on ATM fee disclosure
> > and Section 195 mandating a study on adapting existing banking laws
> > to online transactions)
> > <http://thomas.loc.gov/cgi-bin/bdquery/z?d106:h.r.00010:>
> >
> > FTC Report on Self-regulation and Privacy Online recommends no
> > legislation at this time
> > http://www.ftc.gov/opa/1999/9907/report1999.htm
> >
> > House Commerce Committee Telecommunications, Trade and Consumer
> > Protection Subcommittee July 13 hearing - Current status of privacy
> > protections for online consumers
> > http://www.house.gov/commerce/
> >
> > House Banking Committee Financial Institutions Subcommittee will hold
> > hearings on financial privacy July 20-21
> > http://www.house.gov/banking/71399rou.htm
> >
> > U.S. Bancorp and State of Minnesota settle lawsuit over transfer of
> > customer information
> > http://www.ag.state.mn.us/home/files/news/pr_usbank_07011999.html
> >
> > Joint release on the EU-US data protection dialogue
> > http://europa.eu.int/comm/dg15/en/media/dataprot/news/239.htm 
> >
> > Direct Marketing Association "Privacy Promise" requirement for members
> > http://www.the-dma.org/texis/scripts/news/newspaper/+mr+em5-0wBm+emE7vwwwr/d
> > isplayArticle.html
> >
> > Mary Clare Fitzgerald "Electronic Commerce - Policing only the
> > 'Submarginal fringe'"
> > http://192.41.52.91/electron/submarginal.html
> >
> > Privacy and American Business
> > http://www.pandab.org
> >
> >
> > B. ONLINE BANKING AND PAYMENTS 
> >
> > Electronic Financial Services Council (advocacy group founded by
> > Microsoft, Intuit, Countrywide and GE Capital)
> > http://www.efscouncil.com/  
> >
> > OCC approves formation of online bank by Canadian Imperial Bank of
> > Commerce, which will market its services primarily through retail
> > store kiosks
> > http://www.occ.treas.gov/interp/jul99/ca313.pdf
> >
> > Financial Services Technology Consortium projects under formation -
> > draft paper on Moving ATMs to the Internet and description of the FAST
> > (Financial Agent Secured Transactions) concept
> > http://www.fstc.org/projects/fast/index.html
> >
> > MasterCard announces introduction of rules for Internet casinos (an
> > interesting example of how the payments system may get entangled with
> > the issue of the validity of online transactions) 
> > http://www.mastercard.com/about/press/990709a.html
> >
> > Federal Reserve Bank of New York Current Issues in Economics and
> > Finance, Vol. 5 No. 8,  Cecchetti,  "The Future of Financial
> > Intermediation and Regulation"
> > http://www.ny.frb.org/rmaghome/curr_iss/ci5-8.html
> >
> > Federal Reserve Bank of New York Economic Policy Review, Vol.5 No. 2
> > Radecki, "Banks' Payments-driven Revenues"
> > http://www.ny.frb.org/rmaghome/econ_pol/799rad.htm
> >
> > Jane Kaufman Winn, draft "Electronic Chattel Paper under Article 9:
> > Updating the Concept of Embodied Rights for Electronic Commerce"
> > http://www.smu.edu/~jwinn/winnecp.htm
> >
> > PriceWaterhouseCoopers - Summary of Report on Creating Tomorrow's
> > Retail Bank
> > http://www.pricewaterhousecoopers.com/gx/eng/ins-sol/spec-int/tlrb/index.html
> >
> > Financial Crimes Enforcement Center issues SAR Bulletin on use of ATMs
> > for money laundering
> > http://www.treas.gov/fincen/sarbul1.html
> >
> > Accredited Standards Committee X12 Finance Subcommittee (X12F)
> > (develops EDI transaction sets for financial transactions)
> > http://www.disa.org/x12/x12f/
> >
> >
> > C. INFORMATION SECURITY/RISK MANAGEMENT/ELECTRONIC AUTHENTICATION
> >
> > Senate Commerce Committee approves S. 761, the Third Millennium
> > Electronic Commerce Act (formerly the Millennium Digital Commerce Act)
> > http://www.senate.gov/~commerce/press/106-83.htm
> > http://www.civics.com/content/s761-markup.htm
> > Memo from NCCUSL Legislative Director John McCabe on mark-up of S. 761
> > http://www.webcom.com/legaled/ETAForum/docs/7699jm.html
> >
> > FDIC guidance, Risk Assessment Tools and Practices for Information
> > Systems Security
> > http://www.fdic.gov/banknews/fils/1999/fil9968.html
> >
> > CNET News story on Banking Industry Technology Secretariat security lab
> > http://www.news.com/News/Item/0,4,36923,00.html
> >
> > Identrus announces pilot of Business-to-Business trust network
> > http://www.identrus.com/news.html
> >
> > Ernst & Young 1998 Global Information Security Survey
> > http://www.ey.com/aabs/isaas/gis/
> >
> > Materials from joint OECD-private sector workshop on electronic
> > authentication, June 2-4, 1999
> > http://www.oecd.org/dsti/sti/it/secur/act/wksp-auth.htm 
> >
> > International Organization for Standardization/International
> > Electrotechnical Commission Joint Technology Committee 1 (JTC1)
> > http://www.jtc1.org/
> > JTC1 Subcommittee 27 - Security Techniques
> > http://www.iso.ch/liste/JTC1SC27.html
> >
> > United States Postal Service Information Based Indicia Program for
> > online generation of postage
> > http://www.usps.gov/ibip/
> >
> > US Postal Service pilot Post Electronic Courier Service (PostECS) for
> > secure electronic delivery
> > http://www.usps.gov/postecs/
> > UPS Complaint that PostECS service has not been property authorized 
> > http://www.prc.gov/wsdocs/C99-1/C99-1.html
> >
> >
> > D. SECURITIES TRADING, OFFERINGS AND SETTLEMENT
> >
> > Senate Banking Committee Chairman and members submit recommendations
> > for inclusion in forthcoming Securities Markets Enhancement Act
> > (including provisions regarding online investing)
> > http://www.senate.gov/~banking/docs/reports/smea.htm
> >
> > SEC announces formation of Working Group on After-hours Trading
> > http://www.sec.gov/offices/marketr/aftrhrs3.htm
> >
> > U.S. District Court for the District of Columbia issues decision
> > in Taucher v. Born.  The court holds on First Amendment grounds
> > that the requirement to register as Commodities Trading Advisors
> > is unconstitutional as applied to plaintiffs, who publish online
> > information and analysis on commodities trading
> > http://www.ij.org/cftc/
> >
> > SEC issues no-action letter to Wit Capital that should facilitate
> > individual investor participation in IPOs
> > http://www.witcapital.com/press/pr_33.html
> >
> > International Organization for Standardization May 1999 press release
> > on new securities message standards
> > http://www.iso.ch/presse/safeguar.htm
> >
> >
> > E.  GENERAL ELECTRONIC COMMERCE
> >
> > Department of Commerce report, The Emerging Digital Economy II
> > http://www.ecommerce.gov/ede/
> >
> > 1st draft of "Standard for Internet Commerce" best practices released
> > for comment.  The Standard was developed by a group of experts
> > sponsored by ZD Net and others 
> > http://www.gii.com/standard/index.html
> >
> > Nine Internet industry leaders form NetCoalition for public policy
> > advocacy
> > http://www.netcoalition.com/
> >
> > Ernst & Young study on loss of sales tax revenues from Internet
> > commerce, "The Sky is not Falling"
> > http://www.ey.com/ecommerce/sky.asp
> >
> > OECD Workshop on Business-to-Business electronic commerce, June 17th
> > http://www.oecd.org/dsti/sti/it/ec/act/oslo_workshop.htm
> >
> > Papers from the Second Berlin Internet Economics Workshop, including
> > papers on electronic money, pricing and auctions
> > http://www.berlecon.de/iew2/program.html
> >
> > Asia Pacific Economic Cooperation E-commerce steering group
> > http://www.ecommerce.gov/apec/
> >
> > Federal Reserve Bank of New York Current Issues in Economics and
> > Finance, Vol.5 No.10,  Wenninger, "Business-to-Business Electronic
> > Commerce" http://www.ny.frb.org/rmaghome/curr_iss/ci5-10.html
> >
> > House and Senate pass H.R. 775, the Y2K Act, expected to be signed by
> > the President shortly
> > <http://thomas.loc.gov/cgi-bin/bdquery/z?d106:h.r.00775:>
> >
> > E-conomy project conference papers
> > http://e-conomy.berkeley.edu/events/deip/program.html
> >
> >
> > F.  UNIFORM LAW
> >
> > Drafts of UCC Article 2, Uniform Electronic Transactions Act, Uniform
> > Computer Information Transactions Act (UCITA) and Uniform Money
> > Services Business Act for the upcoming Annual Meeting of the National
> > Conference of Commissioners on Uniform State Law, July 23-30, Denver,
> > Colorado
> > http://www.law.upenn.edu/bll/ulc/anmeet99.htm
> >
> > Memo from the Reporters on interplay of revised UCC Article 2 and
> > UCITA re sales of goods containing computer programs
> > http://www.law.upenn.edu/bll/ulc/ucita/2103mfin.htm
> >
> > Commentary on UCITA
> > http://www.2bguide.com/whatsnew.html
> >
> >
> > G.  ONLINE GOVERNMENT SERVICES AND PROCUREMENT
> >
> > Public announcement of Electronic Transfer Account (ETA) for federal
> > government benefit recipients
> > http://www.fms.treas.gov/eta/
> >
> > Electronic Processes Initiatives Committee, "Electronic Purchasing and
> > Payment in the Federal Government"
> > http://policyworks.gov/org/main/me/epic/opendocs.htm
> >
> >
> >
> > John Muller
> > johnmuller () earthlink net
> > jmuller () brobeck com
> > "The ladder of law has no top and no bottom"