Part 3: The Internet and the Market(s)

1. Digital Signatures

  1. Reading
    1. A. Michael Froomkin, The Essential Role of Trusted Third Parties in Electronic Commerce.
    2. Brad Biddle, CFP '97: Lunchtime Workshop,(March 12, 97),Commonwealth of Massachusetts, Information Technology Division, http://www.magnet.state.ma.us/itd/legal/biddle1.htm
    3. Nicholas Bohm, Brian Gladman, Ian Brown, Foundation for Information Policy Research, Electronic Commerce: Who Carries the Risk of Fraud? (July 2000), http://www.fipr.org/WhoCarriesRiskOfFraud.htm
    4. Jane Kaufman Winn, Couriers Without Luggage: Negotiable Instruments and Digital Signatures (1998), http://www.smu.edu/~jwinn/ecouriers.html
  2. Optional Reading
    1. Mary N. Revell, NASD, Interpretive Letter (10/26/99), http://www.nasdr.com/2910/3110_03.htm
    2. Roger Clarke, Alternative Economics (12/12/99), http://www.anu.edu.au/people/Roger.Clarke/EC/AltEcIA.html
    3. Jane Kaufman Winn, The Hedgehog and the Fox: Distinguishing Public & Private Sector Approaches to Managing Risk for Internet Transactions, http://www.smu.edu/~jwinn/hedgehogfox.htm

2. Introduction to Online Payments (I)

  1. Reading
    1. 106th Congress, S. 761, An Act to Facilitate the use of electronic records & signatures in interstate or foreign commerce. (1/24/00)
    2. National Conference of Commissioners on Uniform State Laws, Uniform Electronic Transactions Act, Annual Conference Draft (7/23-30/99), http://www.law.upenn.edu/bll/ulc/uecicta/eta1299.htm
    3. Baker & McKenzie, UETA, State-by-State Comparison Table (8/8/00), http://www.bmck.com/ecommerce/uetacomp.htm
    4. Patricia Brumfield, A Preliminary Analysis of Federal & State Electronic Commerce Laws (2000), http://www.uetaonline.com/docs/pfry700.html
    5. Robert A. Wittie & Jane K Winn, Sign of the Times (2000), http://www.kl.com/practiceareas/technology/pubs/page20.stm
    6. Bob Jueneman, President Clinton's Digital Signature & RL Moran, Re: President Clinton's Digital Signature
  2. Optional Reading
    1. United Nations, UNCITRAL Model Law on Electronic Commerce with Guide to Enactment (1996), http://www.uncitral.org/english/texts/electcom/ml-ec.htm
    2. National Conference of Commissioners on Uniform State Laws, Uniform Money Services Act (2000), http://www.law.upenn.edu/bll/ulc/moneyserv/ms00ps.htm

3. Introduction to Online Payments (II)

  1. Reading
    1. A. Michael Froomkin, Flood Control on the Information Ocean, 15 Journal of Law & Commerce 395 (1996), pages 449-479.
    2. Jane Kaufman Winn, Clash of the Titans Regulating the Competition Between Established & Emerging Electronic Payment Systems, Final Version, (5/6/99), http://www.smu.edu/~jwinn/clashoftitans.htm .
    3. Robert X. Cringely, I'll Gladly Pay You Tuesday, PBS, http://www.pbs.org/cringely/pulpit/pulpit20000831.html
  2. Optional Reading
    1. UMSBA Cyber Payments Working Group, Memorandum, Proposed Changes to UMSBA (3/8/00), http://www.law.upenn.edu/bll/ulc/moneyserv/msb300c.htm
    2. Forbes, Best of the Web, Paying by E-Mail, (9/13/00), (Note: this page has some links worth surfing), http://www.forbesbest.com/asp/category.asp?categories=Paying%2Bby%2BE%252DMail
    3. SEC Interpretation: Use of Electronic Media 17CFR Parts 231, 241 & 271, http://www.sec.gov/rules/concept/34-42728.htm
    4. SEC, SEC Approves Issuance of Interpretive Release on The Use of Electonic Media, http://www.sec.gov/news/press/2000-53.txt
    5. Florida Senate Bill 1334er, An Act Relating to Electronic Commerce, http://www.leg.state.fl.us/session/2000/Senate/bills/billtext/html/billtext/sb1334er.html
    6. OTS, OTS Grants Thrift Charter to New Internet Bank, Washington, D.C. (4/26/00), http://www.ots.treas.gov/docs/77043.html

4. Privacy

  1. The Shape of the Problem
    1. Roger Clarke, Introduction to Dataveillance and Information Privacy, and Definition of Terms
    2. Roger Clarke, Human Identification in Information Systems: Management Challenges and Public Policy Issues
    3. Bartnicki v. Vopper, 200 F.3d 109 (3d Cir. 1999), cert. granted. 120 S.Ct. 2716 (2000)
    4. U.S. v. Kyllo, 190 F.3d 1041 (9th Cir. 1999), cert granted, Kyllo v. U.S., --- S.Ct. ----, 2000 WL 267066 (U.S. Sep 26, 2000) (NO. 99-8508)
  2. Solutions?
    1. OECD, Guidelines on the Protection of Privacy and Transborder Flows of Personal Data (1980). Note especially the introduction and paragraphs 1-22.
    2. Treaty of Amsterdam, Article 6:
      3. 1.The Union is founded on the principles of liberty, democracy, respect for human rights and fundamental freedoms, and the rule of law, principles which are common to the Member States.
      2.The Union shall respect fundamental rights, as guaranteed by the European Convention for the Protection of Human Rights and Fundamental Freedoms signed in Rome on 4 November 1950 and as they result from the constitutional traditions common to the Member States, as general principles of Community law.
      3.The Union shall respect the national identities of its Member States.
      4.The Union shall provide itself with the means necessary to attain its objectives and carry through its policies.
    3. European Convention for the Protection of Human Rights and Fundamental Freedoms, Article 8: Right to respect for private and family life:
      4. 1 Everyone has the right to respect for his private and family life, his home and his correspondence.
      2 There shall be no interference by a public authority with the exercise of this right except such as is in accordance with the law and is necessary in a democratic society in the interests of national security, public safety or the economic well-being of the country, for the prevention of disorder or crime, for the protection of health or morals, or for the protection of the rights and freedoms of others.
    4. Directive 95/46/EC of the European Parliament and of the Council of 24 October 1995 on the protection of individuals with regard to the processing of personal data and on the free movement of such data
    5. Safe Harbor Privacy Principles Issued by the U.S.. Department of  Commerce on July 21, 2000
    6. FAQs on Safe Harbor:

      7. 1.     Sensitive Data
      2.     Journalistic Exceptions
      3.     Secondary Liability
      4.     Investment Banking and Audits
      5.     The Role of Data Protection Authorities
      6.     Self-Certification
      7.     Verification
      8.     Access
      9.     Human Resources
      10.   Article 17 contracts
      11.   Dispute Resolution and Enforcement
      12.   Choice - Timing of Opt-out
      13.   Travel Information
      14.   Pharmaceutical and Medical Products
      15.   Public Record and Publicly Available Information
  3. Optional Reading
    1. Pamela Samuelson, Book Review, A New Kind of Privacy? Regulating Uses of Personal Data in the Global Information Economy, 87 Cal. L. Rev. 75 (1999)
    2. Peter P. Swire, Of Elephants, Mice, and Privacy: International Choice of Law and the Internet, 32Int'l Law. 991 (1998).
    3. A. Michael Froomkin, The Death of Privacy?, 52 Stan. L. Rev. (2000).
    4. Eugene Volokh, Freedom of Speech and Information Privacy: The Troubling Implications of a Right to Stop Others from Speaking About You, 52 Stan. L. Rev. (2000).
    5. Jessica Litman, Information Privacy/Information Property, 52 Stanford L. Rev. 1283 (2000)
    6. Dept. of Justice, Dept. of Treasury, Office of Management & Budget, Public Comment on Financial Privacy and Bankruptcy, 65 Fed. Reg. 46735 (July 31, 2000).

5. Contracting On Line II: UCITA

6. The Internet and the Nature of Markets


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