DCSB: Frank Jaffe; FSTC echeck US Treasury Pilot

Robert Hettinga (rah@shipwright.com)
Tue, 14 Jul 1998 08:51:37 -0400

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Date: Tue, 14 Jul 1998 08:07:29 -0400
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From: Robert Hettinga <rah@shipwright.com>
Subject: DCSB: Frank Jaffe; FSTC echeck US Treasury Pilot
Cc: Frank Jaffe <fjaffe@netcom.com>, "Joan Pumphret" <joan@mediaone.net>,
        Margaret Schindel <mschindel@thunderhouse.com>,
        Peter F Cassidy <pcassidy@world.std.com>
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Reply-To: Robert Hettinga <rah@shipwright.com>

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             The Digital Commerce Society of Boston

                          Presents

                         Frank Jaffe
             Director, Applied Technology Group, BankBoston
    Vice President, The Financial Services Technology Consortium

               The FSTC Electronic Check Project
             and the First Internet Check Payment

                    Tuesday, August 7, 1998
                           12 - 2 PM
              The Downtown Harvard Club of Boston
                One Federal Street, Boston, MA

At the end of June, the US Treasury sent a $32,000 electronic check to
GTE in payment for a Defense Department contract via internet e-mail.
The check, using the new echeck electronic check protocol developed by
the Financial Services Technology Consortium (FSTC), was digitally
signed by the Treasury, digitally endorsed by GTE, and then deposited,
again via e-mail, at the Bank of Boston.

FSTC believes that echecks are uniquely suited to meet business
payment needs by leveraging the current internet infrastrutcture. This
presentation will review the echeck concept and the actual
implementation for the US Treasury pilot.

Frank Jaffe oversees BankBoston's Applied Technology Group. He is the
project director for the FSTC Electronic Check project, and recently
completed a corporate wide Internet Strategic Plan for the Bank. Over
the past nine years Mr. Jaffe has been involved with BankBoston
exploration and adoption of new technologies and development
practices, such as screen phones and group ware, and the introduction
of numerous new productivity options to the Bank's development
community. Mr. Jaffe has a B.A. from Antioch College and an M.S. in
Computer Information Sciences from Dartmouth College. Mr. Jaffe is
Vice President of the Financial Services Technology Constorium (FSTC).

This meeting of the Digital Commerce Society of Boston will be held on
Tuesday, August 4, 1998, from 12pm - 2pm at the Downtown Branch of the
Harvard Club of Boston, on One Federal Street. The price for lunch is
$32.50. This price includes lunch, room rental, various A/V hardware,
and the speaker's lunch. ;-). The Harvard Club *does* have dress
code: jackets and ties for men (and no sneakers or jeans), and
"appropriate business attire" (whatever that means), for women. Fair
warning: since we purchase these luncheons in advance, we will be
unable to refund the price of your lunch if the Club finds you in
violation of the dress code.

This meeting will be recorded for sale on CD. If you're interested in
a CD of this meeting for $35, or a yearly DCSB CD subscription for
$350, please contact Joan Pumphret of Audio Elements at <mailto:
joan@mediaone.net>.

We need to receive a company check, or money order, (or, if we
*really* know you, a personal check) payable to "The Harvard Club of
Boston", by Saturday, August 1st, or you won't be on the list for
lunch. Checks payable to anyone else but The Harvard Club of Boston
will have to be sent back.

Checks should be sent to Robert Hettinga, 44 Farquhar Street, Boston,
Massachusetts, 02131. Again, they *must* be made payable to "The
Harvard Club of Boston", in the amount of $32.50. Please include your
e-mail address, so that we can send you a confirmation

If anyone has questions, or has a problem with these arrangements
(We've had to work with glacial A/P departments more than once, for
instance), please let us know via e-mail, and we'll see if we can work
something out.

Upcoming speakers for DCSB are:

September Margaret Schindel IT Best Practices for Digital Commerce
October Peter Cassidy Intellectual Property Rights Management

We are actively searching for future speakers. If you are in Boston
on the first Tuesday of the month, and you would like to make a
presentation to the Society, please send e-mail to the DCSB Program
Commmittee, care of Robert Hettinga, <mailto: rah@shipwright.com>.

For more information about the Digital Commerce Society of Boston,
send "info dcsb" in the body of a message to <mailto:
majordomo@ai.mit.edu> . If you want to subscribe to the DCSB e-mail
list, send "subscribe dcsb" in the body of a message to <mailto:
majordomo@ai.mit.edu> .

We look forward to seeing you there!

Cheers,
Robert Hettinga
Moderator,
The Digital Commerce Society of Boston
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-----------------
Robert A. Hettinga <mailto: rah@philodox.com>
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'
The Philodox Symposium on Digital Bearer Transaction Settlement
  July 23-24, 1998: <http://www.philodox.com/symposiuminfo.html>

For help on using this list (especially unsubscribing), send a message to
"dcsb-request@ai.mit.edu" with one line of text: "help".

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-----------------
Robert A. Hettinga <mailto: rah@philodox.com>
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'
The Philodox Symposium on Digital Bearer Transaction Settlement
  July 23-24, 1998: <http://www.philodox.com/symposiuminfo.html>

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