From: Robert Hettinga <rah@shipwright.com>
Date: Tue, 21 May 1996 15:34:01 +0800
To: cypherpunks@toad.com
Subject: Electronic Banking and Commerce Conference
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From: "Ledig, Robert" <LEDIGRO@ffhsj.com>
To: "'ecash mailing list'" <ecash@digicash.com>
Subject: Electronic Banking and Commerce Conference
Date: Mon, 20 May 96 12:22:00 edt
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21st Century Banking Alert No. 96-5-20
May 20, 1996

ELECTRONIC BANKING AND COMMERCE CONFERENCE TO BE HELD IN
WASHINGTON, D.C. ON JUNE 7, 1996
_________________________*________________________

FRIED, FRANK, HARRIS, SHRIVER & JACOBSON
ARTHUR ANDERSEN LLP
and
THE SECURA GROUP

*  *  *

Present
A One-Day Conference

ELECTRONIC BANKING AND COMMERCE:
FINDING YOUR PLACE IN THE FUTURE

*  *  *

June 7, 1996

8:00 a.m. to 5:45 p.m.
Renaissance Hotel
Washington, D.C.
_________________________*________________________

ABOUT THE CONFERENCE

Background

     1996 is likely to be a pivotal year for the introduction of electronic
banking and commerce in the United States. Among the major developments that

will mark 1996 as an historic year in this field are:

     The Federal Reserve Board proposes the first major regulatory
initiative to address the treatment of stored value products.

     Stored value cards are introduced to the public in a television
commercial seen by millions during the Super Bowl followed by a high
visibility pilot project during the Atlanta Summer Olympics.

     Visa and Mastercard reach agreement on protocol for secure transmission

of credit card information over the Internet.

     Electronic cash becomes available for transmission over the
Internet.

     Banks and software providers engage in a major effort to attract bank
customers to on-line banking services.

     Usage of the World Wide Web for product marketing expands
exponentially.

     Landmark telecommunications reform legislation is enacted.

     These developments present both an opportunity and a challenge for
banks, financial services firms, technology providers and a wide range of
commercial enterprises.  The construction of the electronic financial
services delivery system of the 21st Century will be driven by technology
and will require a comprehensive reevaluation and realignment of consumer
preferences, privacy, security, costs and conveniences.  Simultaneously,
these new delivery systems will be directly affected by emerging government
regulation related to law enforcement, monetary policy, bank regulation and
consumer protection.  The conference is designed to provide participants
with a broad insight into these factors, to hear from the leaders who will
drive this process and thus offer participants a basis for evaluating the
near and long term prospects for the banking industry and other financial
services providers in the new world of electronic commerce.

About the Sponsors

     Fried, Frank, Harris, Shriver & Jacobson is a nationally recognized law

firm with over 400 lawyers in New York, Washington, D.C., Los Angeles,
London and Paris.  The firm's financial services practice is led by Thomas
P. Vartanian, who has written and spoken widely on electronic banking and
commerce issues and is a member of the editorial board of the Electronic
Banking and Commerce Report.  The firm offers the 21st Century Banking Alert

Page*, which can be found on the World Wide Web at
http//:www.ffhsj.com/bancmail/bancpage.htm.

     Arthur Andersen LLP is a unit of Andersen Worldwide, the leading
professional services organization in the world with over 360 offices in
more than 70 countries and over $8 billion in revenues.  Arthur Andersen's
Financial Markets Practice has a dedicated, international team of over 5,000

professionals who provide a full range of assurance, risk management,
business consulting, economic and financial consulting and tax advisory
services to over 10,000 financial services institutions in banking, capital
markets and insurance.

     The Secura Group is among the nation's preeminent financial services
consulting firms, offering strategic planning, financial advisory,
organizational and management consulting, risk management, and regulatory
counseling services to financial institutions throughout the United States.
 Headquartered in Washington, D.C., Secura also maintains offices in Boston,

Chicago, Dallas, Los Angeles, New York and San Francisco.
 _________________________*________________________

PROGRAM

8:00 a.m.
Breakfast
Remarks by Daniel Eldridge, Vice President, DigiCash

9:00 a.m.
Program Overview
Dorsey L. Baskin, Jr., Partner, Arthur Andersen LLP
Thomas P. Vartanian, Partner, Fried, Frank, Harris, Shriver & Jacobson

9:15 a.m.
What New Technology Means for Banks
How will technology affect the competitive position between depository
institutions?
How much of a threat do banks face from non-bank competitors?
What approaches are available to banks?

John P. Danforth, Managing Director, The Secura Group
Charles M. Nathan, Partner, Fried, Frank, Harris, Shriver & Jacobson
Thomas P. Vartanian, Partner, Fried, Frank, Harris, Shriver & Jacobson
Richard M. Whiting, Senior Director for Regulatory Affairs and General
Counsel,
The Bankers Roundtable

10:35 a.m.
What New Technology Means for Non-Banks
What are the prospects for Internet commerce?
When does a non-bank become a bank?
How will non-banks work with banks?
Implications of the new telecommunications legislation.

Robert H. Ledig, Partner, Fried, Frank, Harris, Shriver & Jacobson
Robert J. Lesko, Managing Partner, Financial Services Industry, ATT
Solutions
Thomas Nelson, Manager, Arthur Andersen LLP
Phoebe Simpson, Analyst, Jupiter Communications

11:50 a.m.
On-line Banking
Options available to banks.
Web site banking.
Key considerations and risks for banks.

Dorsey L. Baskin, Jr., Partner, Arthur Andersen LLP
Lance Conn, Counsel, AOL Services

12:30 p.m.
Lunch
Remarks by Tim Jones, Chief Executive, Mondex

2:00 p.m.
Stored Value Products and Smart Cards
The Federal Reserve Board's proposed revision to Regulation E.
Deposit insurance issues.
Design and structure of these products.

William F. Keenan, Senior Vice President, Marketing and Business
Development,
NatWest Bank (Delaware)
Jeffrey M. Kopchik, Senior Policy Analyst, Federal Deposit Insurance
Corporation

3:00 p.m.
Electronic Money
Understanding the various models for electronic money.
Legal and competitive issues.
Credit card usage on the Internet.

Jim Richardson, Senior Manager, Arthur Andersen LLP
Frank O. Trotter, III, Senior Vice President and Director,
International Markets Division, Mark Twain Bank
Peter Wayner, Author, Digital Cash:  Commerce On The Net

4:00 p.m.
Public Policy Perspectives
Implications for law enforcement.
Systemic risks associated with electronic banking and commerce.
Impact on the competitive position of banks and non-banks.
Consumer interests in the new technology.

Michael ter Maat, Ph.D., Senior Economist, American Bankers Association
Stephen R. Kroll, Legal Counsel, Financial Crimes Enforcement Network,
U.S. Department of the Treasury
Anne Wallace, Attorney-Advisor, Financial Management Service,
U.S. Department of the Treasury,
Janlori Goldman, Deputy Director, Center for Democracy and Technology

5:20 p.m.
Open Discussion Period

5:45 p.m.
Reception
_________________________*________________________

Additional Program Information

     Conference attendees will receive a copy of DigitalCash:  Commerce On
The Net, a leading book on electronic money, along with a set of program
materials.  Continuing legal education credit is being applied for in
numerous jurisdictions.  If you have specific CLE questions, please contact
Debbie Rizzo at (202) 639-7201.

     A limited number of rooms will be available for a special rate at the
Renaissance Hotel, 999 Ninth Street, N.W., Washington, D.C.  For
reservations, please call the hotel directly at (202) 898-9000 (Ext. 3400)
and reference Electronic Banking and Commerce.

     For further information on the conference, please contact Bob Ledig at
21stCen@ffhsj.com or (202) 639-7016.

FAX REGISTRATION FORM

     To register, please fax this form to Debbie Rizzo at (202) 639-7008, or

call her at (202) 639-7201.  The fee for the conference is $235 if paid in
advance ($295 at the conference location).  Early registration is
recommended as seating is limited.

I/we will be attending the Electronic Banking and Electronic Commerce
conference.


_______________________________________________________________
Name(s)

_______________________________________________________________
Title(s)

_______________________________________________________________
Organization Name

_______________________________________________________________
Address

_______________________________________________________________
Telephone and Fax Numbers

Credit Card Information:                            Visa
           Mastercard         (Circle One)

___________________________________________________________________
Account No.

___________________________________________________________________
Expiration Date

__________________________________________________________________
Signature

     If paying by check, please make payable to Fried, Frank, Harris,
Shriver & Jacobson and mail to Debbie Rizzo at Fried, Frank, Harris, Shriver

& Jacobson, Suite 800, 1001 Pennsylvania Avenue, N.W., Washington, D.C.
20004-2505.

                         Thomas P. Vartanian
                         Robert H. Ledig
                         David L. Ansell

                         Washington, D.C.
                         202-639-7200

Visit the 21st Century Banking Alert Page on the
World Wide Web at
http://www.ffhsj.com/bancmail/bancpage.htm

Copyright 1996.  Fried, Frank, Harris, Shriver & Jacobson.
  All rights reserved.
21st Century Banking Alert is a trademark and servicemark
  of Fried, Frank, Harris, Shriver & Jacobson.

--- end forwarded text



-----------------
Robert Hettinga (rah@shipwright.com)
e$, 44 Farquhar Street, Boston, MA 02131 USA
"If they could 'just pass a few more laws',
  we would all be criminals."    --Vinnie Moscaritolo
The e$ Home Page: http://thumper.vmeng.com/pub/rah/