The 2nd meeting of the Electronic Payments Forum took place in La Jolla, California on January 13-14, 1997. The attendance list is appended to this report. Robert Kahn chaired the meeting. The following presentations were made and discussed in the Plenary Session:

• Electronic Payments Forum Introduction; Robert E. Kahn, Corporation for National Research Initiatives
  
• The Future of Electronic Commerce on the Internet; Lee Stein, First Virtual
  
• Financial Industry Standards: Payments in Electronic Commerce
  Harold Deal, NationsBank
  
• OMG Electronic Payment RFP; Ken McCoy, Tandem Computers
  
• CyberCoin; Steve Crocker, Cyber Cash
  
• BIPS; Debbie O'Dell, FSTC
  
• JEPI Development; Jim Galvin, CommerceNet
  
• Micropayment Systems; Alan Kotok, GC Tech, Inc.
  
• Specification for PKI Components; Noel Nazario, NIST
  
• Legal Issues in Public Key Management; Bradford Biddle, Cooley Godward, LLP
  
• Virtual POS Terminals; Tom Wills, VeriFone

  
  

• Public Key Infrastructure
  
  • Participants
  • Minutes
  • Working Group Report
  • Chaired by:
    
    • Paul Raines, United States Postal Service
    • Glenda Barnes, Cylink Corporation
      

• Universal Electronic Wallet Data Exchange
  (formerly Financial Data Structures)
  
  • Working Group Report
  • Chaired by: Dan Schutzer, Citicorp

• Process Definition and Adjudication
  
  • Participants
  • Working Group Report
  • Chaired by: Jim Galvin, CommerceNet

• Virtual Accounting Interface
  
  • Participants
  • Working Group Report
  • Chaired by: Robert E. Kahn, Corporation for National Research Initiatives

• Reference Model
  
  • Participants
  • Working Group Report
  • Emerging Payments Primer, submitted by David Grace, Federal Reserve Bank
  • Chaired by: Tony Seba, RSA Data Security, Inc.

The general sense of the group was that the EPF was primarily a forum for education and information exchange among members. The group considered that no mechanisms existed to make formal decisions or vote on positions as a group, and that the organization was too informal for such activities. It was suggested that such work should generally be done through their companies and other industry consortia. However, Working Groups were encouraged to continue their work between meetings.

It was agreed that XIWT would mount the needed Internet services (listserve, reflectors, forums, web pages) to promote and support the EPF. It was proposed that the next meeting take place in the June/July timeframe, possibly on the East Coast. (More information on the June/July meeting will follow as location and dates are decided.)