[66230] in Cypherpunks
TAG_ent
daemon@ATHENA.MIT.EDU (John Young)
Mon Sep 23 14:07:17 1996
Date: Mon, 23 Sep 1996 17:49:59 GMT
To: cypherpunks@toad.com
From: jya@pipeline.com (John Young)
09-21-96, MiPa:
Trusted agents for open electronic commerce (Assignee --
Citibank, N.A.)
Abstract: A system for open electronic commerce having a
customer trusted agent securely communicating with a
first money module, and a merchant trusted agent securely
communicating with a second money module. Both trusted
agents are capable of establishing a first
cryptographically secure session, and both money modules
are capable of establishing a second cryptographically
secure session.
-----
http://jya.com/tagent.txt (3 kb)
TAG_ent
---------
Reuters, 9-19-96 -- It will be 50 to 70 years before the
majority of people do their business electronically,
Citicorp Chairman John Reed told a conference on
electronic money and banking. Issues related to privacy
and security must be resolved for electronic banking to
take off. Citicorp currently considers the Internet
off-limits as a place to offer banking products until the
security issues are solved, he said. "The Internet is
fundamentally flawed in that regard right now," Reed
said. "At this moment in time at least, we at Citicorp
would feel very uncomfortable accommodating any
transactions on the Internet," he said.
