--- begin forwarded text 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 Encoding: 279 TEXT Sender: owner-ecash@digicash.com Precedence: bulk Status: U 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/