--- begin forwarded text Date: Sat, 06 Feb 1999 21:14:30 -0800 To: [EMAIL PROTECTED], [EMAIL PROTECTED], [EMAIL PROTECTED] From: John Muller <[EMAIL PROTECTED]> Subject: Electronic Financial Services Links Sender: <[EMAIL PROTECTED]> List-Subscribe: <mailto:[EMAIL PROTECTED]?subject=subscribe%20dbs> This list of new and previously-overlooked links on electronic financial services and electronic commerce law and policy will shortly be available on the Web site of the Joint Subcommittee on Electronic Financial Services (http://www.abanet.org/buslaw/efss), on the "What's New" page. Australian Electronic Transactions Bill exposure draft http://law.gov.au/ecommerce/ Washington State Court of Appeal decision holding that a "shrinkwrap" license is enforceable and not unconscionable, Mortensen v. Timberline Software http://198.187.0.226/~COURTS/opinions/413040_O01.txt New draft of Revised Article 2 of the Uniform Commercial Code http://www.law.upenn.edu/library/ulc/ucc2/ucc2299.htm Commentary on UCC 2B, including financing provisions, attribution procedures and the relationship between 2B and the Uniform Electronic Transactions Act http://www.2bguide.com/whatsnew.html Draft report on the provisions of the Uniform Electronic Transactions Act regarding the transferabilty of electronic assets http://www.smu.edu/~jwinn/transferrecord.htm American Bar Association Business Law Section Commercial Financial Services and UCC Committees http://www.abanet.org/buslaw/cfs-ucc/home.html Department of Commerce and FTC press release on growth of online shopping and importance of consumer protection http://204.193.243.2/public.nsf/docs/commerce-ftc-press-release Department of Commerce press release: US and EU moving closer on data protection issues http://www.usia.gov/current/news/latest/99020503.clt.html?/ European Commission Data Protection Working Party opinion on the level of data protection in the U.S. http://www.privacyexchange.org/news/990129wpdoc.html European Commission study of data protection practices in selected businesses http://europa.eu.int/comm/dg15/en/media/dataprot/studies/adequat.htm Financial Information Privacy Act of 1999, introduced by Senators Sarbanes, Dodd and Leahy http://thomas.loc.gov/cgi-bin/query/C?c106:./temp/~c10628p8G2 Statement of SEC Chairman Levitt re risks of online trading http://www.sec.gov/news/levonlin.htm NASDAQ press release on trading in turbulent markets http://www.nasdaq-amexnews.com/news/pr99/ne_section99_17.html BOLERO initiative on electronic trade documentation http://www.boleroltd.com/index.htm Global Business Dialogue on Electronic Commerce http://www.gbde.org/ House Banking Committee Chairman Leach urges revision of Know Your Customer rules http://www.house.gov/banking/2499pr.htm Rep. Ron Paul introduces H.R. 516 - 518, legislation to block Know Your Customer rules and sunset Bank Secrecy Act http://www.house.gov/paul/privacy/legislation.htm Federal Financial Institutions Examination Council notice of Uniform Rating System for Information Technology http://www.occ.treas.gov/ftp/regs/99-3a.txt Consolidation of Bankers Clearing House and Western Payments Alliance into Western Payments Services Company (ServCo) http://www.bankers.org/ServCo1.html Federal Reserve approval of bank group acquisition of the HONOR and STAR EFT networks http://www.bog.frb.fed.us/boarddocs/press/BHC/1999/199902012/ FTC annual report of agency action to enforce financial services laws http://www.ftc.gov/os/1999/9901/frb99report.htm FTC fixes date for public meeting on global consumer protection - June 8th and 9th, 1999 http://www.ftc.gov/opa/1999/9901/intintd.htm Banking Industry Technology Secretariat (BITS) announces release of Interactive Financial Exchange business message specification, including messages to support interoperable electronic bill presentment and payment http://www.bitsinfo.org/bitsdocuments.nsf/PublicDocs?OpenForm&tester=Public& Press+Releases BITS endorses work by the Electronic Check Clearing House Organization (ECCHO) and Small Value Payments Company on electronic check presentment http://www.eccho.org/press_releases.html Electronic Check Presentment 101-the Basics http://www.eccho.org/ecp_101.htm Pension and Welfare Benefits Administration proposed regulation on use of electronic communication by benefit plans, http://www.access.gpo.gov/su_docs/fedreg/a990128c.html IRS Notice 99-1 on use of electronic communication in benefit plan administration http://ftp.fedworld.gov/pub/irs-drop/n-99-1.pdf Allen and Widdison "Can Computers Make Contracts" http://www.dur.ac.uk/Law/centre/hjolt.html Bauer "Currency: Time for Change?" http://www.clev.frb.org/research/com98/index.htm#1001 Radecki and Wenninger "Paying Electronic Bills Electronically" http://www.ny.frb.org/rmaghome/curr_iss/ci5-1.html Federal Reserve Bank of New York - Payments System Overview http://www.ny.frb.org/bankinfo/payments/ Business Software Alliance E-commerce principles http://www.bsa.org/ceoforum/pdfs/ecommerce.pdf Berkeley Center for Law and Technology conference, THE LEGAL AND POLICY FRAMEWORK FOR GLOBAL ELECTRONIC COMMERCE: A PROGRESS REPORT, March 5-6, 1999 http://www.sims.berkeley.edu/BCLT/ecom/ Washington College of Law at American University and Administrative Law Review conference, "Regul@tion$.gov: Coming to Terms with On-line Commerce" March 25-26, 1999 http://www.wcl.american.edu/pub/spals/ereg/newindex.html Reports on electronic payments and on-line banking by BancBoston Robertson Stephens analyst Gary Craft, including "Building Out a New Payments Infrastructure" http://www.rsco.com/cgi-bin/analysts/Craft.cgi Announcement of DigiGold electronic currency system http://www.digigold.net/DigiGoldPressRelease.html Cheskin Research study on building trust in e-Commerce http://www.studioarchetype.com/cheskin/ Off-line: Sommer, "A Law of Financial Accounts: Modern Payment and Securities Transfer Law" in The Business Lawyer Vol. 53, No. 4 (August 1998) "Symposium on Jurisdiction and the Internet" in The International Lawyer Vol. 32, No. 4, Winter 1998: The US Supreme Court denied certiorari in State Street Bank and Trust v. Signature Financial Group, 98-657, regarding the patentability of a data processing system for mutual fund administration To reward those who have scrolled down this far, some nuggets of wisdom from the February issue of WIRED Magazine (online February 23rd) TIRED: Trust management WIRED: Risk management TIRED: Reintermediation WIRED: Redisintermediation John Muller [EMAIL PROTECTED] "Things are not as they seem, neither are they otherwise" --- end forwarded text ----------------- Robert A. Hettinga <mailto: [EMAIL PROTECTED]> Philodox Financial Technology Evangelism <http://www.philodox.com/> 44 Farquhar Street, Boston, MA 02131 USA "... however it may deserve respect for its usefulness and antiquity, [predicting the end of the world] has not been found agreeable to experience." -- Edward Gibbon, 'Decline and Fall of the Roman Empire'
