==============================
Extranet: The "Third Wave" in the Internet Electronic Commerce
-- http://www.arraydev.com/commerce/jibc/9701-17.htm
=============================
By Nahum Goldmann
Email: Nahum.Goldmann@...
URL: http://www.ARRAYdev.com/

Nahum Goldmann has been employed as a manager, scientist and
lecturer in leading industrial high tech firms and academia.
Mr. Goldmann has published several critically acclaimed books
that deal with knowledge transfer issues. Presently he leads
the development of Extranet-based solutions for use in online
procurement and electronic banking and commerce.

**************
...An Extranet, or extended Internet, is a private business
network of several cooperating organizations located outside the
corporate firewall. An Extranet service uses existing Internet
interactive infrastructure, including standard servers, email
clients and Web browsers. This makes Extranet far more
economical than the creation and maintenance of a proprietary
network. It enables trading partners, suppliers and customers
with common interests to form a tight business relationship and a
strong communication bond.

Technical and cost advantages are, of course, very important.
But the real significance of Extranet is that it is the first
non-proprietary technical tool that can support rapid evolution
of electronic commerce. The real revolution over the next
three to five years will be in systems for global procurement
of goods and services at the wholesale level. And this is
where Extranet will play a critical role.

In relation to its content and marketing potential, the term
"third wave" also refers to the maturity process in the
development of Web technology. Extranet is conceptualized
as the key technology enabler for the development of the
third wave large-scale electronic commerce sites. Moreover,
this new concept is also at the heart of the reengineering
effort required to advance a traditional corporation into the
state of the "knowledge factory".

The article describes principal elements of a typical
Extranet site and discusses the advantages of using
this technology platform. It also cites several marketing
studies which track the level of investment required to
implement Extranet sites of different complexities.



===============================
Internet-Based Financial EDI: The Case of Bank of America and
Lawrence Livermore National Laboratory Pilot
================================
By Arie Segev, Jaana Porra, Malu Roldan
Prof. Arie Segev is the Director of the Fisher Center for
Information Technology and Management at the Walter A. Haas
School of Business, University of California Berkeley. Dr. Jaana
Porra and Dr. Malu Roldan serve as Research Fellows at the
center. The Fisher Center for Technology focuses on research in
electronic commerce and the impact of the Internet on business.
*****************
Abstract

Bank of America (BofA) has used Electronic Data Interchange (EDI)
to transmit financial transactions between itself and its
customers for years.

Until recently, however, BofA has used direct private lines or
third party value added networks (VANs) as the carrier of the EDI
data. In 1994, BofA initiated a pilot project with its customer
Lawrence Livermore National Laboratory (LLNL) to investigate
whether the Internet could be used for secure, reliable, and fast
financial EDI (FEDI) transactions. The results of the pilot
project, which ended June 30th, 1996, are presented and possible
implications are discussed. The results suggest that the
Internet is a viable alternative carrier for critical or
sensitive business transactions.

(EXTRACT from article)
...Before the FEDI pilot, BofA used two primary channels
private networks and VANs -- to transmit FEDI and other EDI
transactions between itself and its customers. The Internet
presents a seemingly attractive alternative for both of them. It
is widely available and reputably inexpensive when compared to
VANs. Since the bank already has an Internet connection for
other applications, e.g. electronic mail, the incremental cost
required to carry EDI traffic over the Internet is minimal. The
bank views the flat-fee, volume-independent and time-of-day
independent pricing structure of the Internet as one major
benefit over other types of networks, like VANs.

Because of the large volume of transactions, the bank expects to
achieve tangible savings, over the long term, by either
redirecting EDI traffic from other channels, generating new
customers from current Internet users, or both. ...

The full report can be found at the Fisher Center for Technology:
http://haas.berkeley.edu/~citm/EDI-proj.html

A longer summary of the report is published in EDI Forum: The
Journal of Electronic Commerce at
http://www.premenos.com/t.edigroup/



=======================
The Unisys Internet Banking Site: A European Perspective
--http://www.arraydev.com/commerce/jibc/9701-19.htm
=======================
By Michael T. Hennigan
(JIBC invited Mr. Henniganto provide a brief description of a project
that has important implications for Internet banking. He will be
providing further insights and analysis as the project proceeds
over the months ahead.)
**************

...Overall the Unisys Internet Banking Site
(http://www.internet-banking.com) is trying to assess the use
that Financial Institutions are making of the Internet. To do
this have analysed about 30 Web sites. We've started with UK and
Irish Banks, but will shortly expand this to include French and
German sites as well. To facilitate our assessment we've
identified for main categories that the Banks and Building
Societies fall into. The (files on)
http://www.internet-banking.com/barom.html explain the
categories:
1) Net Presence
2) Interactivity
3) Home Banking
4) Internet Banking

...Currently very few banks are taking full advantage of the new
medium by offering banking transactions over the Internet, but
we predict that this will change soon!

...The other main part of the site focuses on electronic commerce
(http://www.internet-banking.com/ecom.html), mainly from a
technological point of view. A general review of the
situation is given together with a comparison of the different
payment technologies such as Cybercash, Open Market, and
Mondex.


========================
Letters and Comments
========================
Consumer Acceptance of Digital Cash and E-Money
(By Vincent Albers)
-- http://www.arraydev.com/commerce/jibc/l-97-1.htm

G7 Conference in April
(By Andy Pieniazek)
-- http://www.arraydev.com/commerce/jibc/1-97-2.htm


4. Administrative Notices

========================================
JOURNAL OF INTERNET BANKING AND COMMERCE
========================================
ISSN 1204-5357

Publisher Nahum Goldmann
ARRAY Development
Ottawa, Canada
Nahum.Goldmann@...
http://www.ARRAYdev.com

Chief Editor: Gordon Jenkins
JENKINS AND ASSOCIATES INC.
Jenkins@...
http://www.gordjenkins.com

Managing Editor: Tom McKegney
Tom.McKegney@...
http://www.ARRAYdev.com

Contributing Editor JIBC Legal: Richard L. Field
field@...

Contributing Editor: Robert Hettinga
rah@...

Contributing Editor -- Australia and Southeast Asia
Mary-Anne Goldsworthy
cec@...
http://www-mugc.cc.monash.edu.au/cec/index.html

Over the Water Columnist: David G.W. Birch
daveb@...

Innovation Editor: John Gehl

Australian Editor: Mary- Anne Goldsworthy

UNCTAD Editor: Carlos Moreira

Eastern Europe: Will Keenan

Southern Europe: Mauro Cipparone

JIBC Postmaster/Webmaster
Phil Beauchamp
ARRAY Development
pbeaucha@...



=================
JIBC ANNOUNCEMENT
=================
The goal of this publication is to inform executives,
professionals,entrepreneurs, government personnel and other key
players on principal developments and trends in the rapidly
evolving electronic commerce area all over the World. This free
online Journal is a way to keep in touch, to share information,
and to establish business contacts in the area of electronic
commerce and banking on the Internet.

The Journal of Internet Banking and Commerce (JIBC) is primarily
devoted to important announcements, refereed original articles,
guest columns, significant feature presentations from other
publications, as well as surveys, reviews, and letters to the
editor. We will try to keep away from technical discussions and
leave them to other specialized lists. Our Journal will be
issued every two months and will definitely focus on quality, not
quantity. We will be editing, filtering and summarizing, to
provide our busy readers with only substantial information. We
will do this by distributing only abstracts and summaries in the
email portion of the Journal. The complete articles and columns,
as well as background information, will be placed on our Web site
(http://www.arraydev.com/commerce/JIBC/).

Join our Journal and learn about the trends in electronic
commerce. We promise not to get too "techie." Not too many
fights but lots of good discussion. We need your articles, your
email, your contributions and discussion. Your feedback on
articles should be directed to the Editor, Gordon Jenkins. Direct
general comments about the publication to the Publisher, Nahum
Goldmann. You can email us directly or use the Questionnaire that
we keep on the JIBC Web site.



============================
SPONSORS/ADVERTISERS WELCOME
============================
The support of commercial sponsors and advertisers is also
important. Please mention JIBC to any firm or organization you
think would be interested in reaching the high level readership
JIBC is attracting. For information about advertising types and
rates, email to communications@.... Information
is also available on the JIBC Web site at
http://www.ARRAYdev.com/commerce/JIBC/private/index.htm



=========
COPYRIGHT
=========
The Journal Of Internet Banking And Commerce is Copyright (C)
1996-97 by ARRAY Development, Ottawa, Canada. All Rights
Reserved.

Copyright of individual articles remains with the original
author.Commercial use or republication requires the author's
permission. Copying is permitted for noncommercial,
educational use by academic computer centres, individual
scholars, and libraries. This message must appear on all copied
material.



===========
CIRCULATION
===========
JIBC Vol 2 No. 1:


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