Date: Mon, 17 Dec 2001 13:35:42 -0500 From: R. A. Hettinga Subject: DCSB: Chuck Wade; New Authentication Services--A pending train wreck? The Digital Commerce Society of Boston Presents James Turk Managing Director, GoldMoney Dated Giants Why Bank Payment Systems Are Obsolete Tuesday, January 8th, 2001 12 - 2 PM The Downtown Harvard Club of Boston One Federal Street, Boston, MA For three hundred years the banking industry's monopoly on payment systems has remained largely unchallenged. However, an analysis of the historical development of bank payment systems makes it clear that the competitive advantage heretofore enjoyed by banks is rapidly disappearing. What is this competitive advantage, and why is it disappearing? And why are bank payment systems unable to compete with the new enabling technologies of global ecommerce? James Turk is the Managing Director of GoldMoney.com, a company he founded to build and operate a digital gold currency payment system based on US patents awarded to him in September 1997 and June 1999. He has specialized in international banking, finance and investments since graduating in 1969 from George Washington University with a B.A. degree in International Economics. His business career began at The Chase Manhattan Bank (now J.P. Morgan Chase), which included assignments in Thailand, the Philippines and Hong Kong. He moved to the United Arab Emirates in December 1983 to be appointed Manager of the Commodity Department of the Abu Dhabi Investment Authority, a position he held until resigning in 1987. James Turk is the author of The Illusions of Prosperity (1985), Social Security: Lies, Myths and Reality (1992) and several monographs on money and banking. He writes The Freemarket Gold & Money Report, an investment newsletter he began in 1987. This meeting of the Digital Commerce Society of Boston will be held on Tuesday, January 8th, 2001, from 12pm - 2pm at the Downtown Branch of the Harvard Club of Boston, on One Federal Street. The price for lunch is $37.50. This price includes lunch, room rental, A/V hardware if necessary, and the speakers' lunch. The Harvard Club has relaxed its dress code, which is now "business casual", meaning no sneakers or jeans. Fair warning: since we purchase these luncheons in advance, we will be unable to refund the price of your meal if the Club finds you in violation of what's left of its dress code. 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, January 5th, or you won't be on the list for lunch. Checks payable to anyone else but The Harvard Club of Boston will be returned. 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 $37.50. 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: February 5 TBA March 5 TBA April 2 TBA As you can see, :-), we are actively searching for future speakers. If you are in Boston on the first Tuesday of the month, are a principal in digital commerce, and would like to make a presentation to the Society, please send e-mail to the DCSB Program Committee, care of Robert Hettinga, . For more information about the Digital Commerce Society of Boston, send "info dcsb" in the body of a message to . If you want to subscribe to the DCSB e-mail list, send "subscribe dcsb" in the body of a message to . We look forward to seeing you there! ----------------- R. A. Hettinga The Internet Bearer Underwriting Corporation 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' ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ To unsubscribe from this list, send a letter to: Majordomo@reservoir.com In the body of the message, write: unsubscribe dcsb-announce Or, to subscribe, write: subscribe dcsb-announce If you have questions, write to me at Owner-DCSB@reservoir.com