___/\___
_|_()_|_
Thank you for your interest in The First Bank of Internet (tm). . .            

This information packet is in three parts:
Part1: The FBOI announcement that gives general information about FBOI.
Part2: A description of the FBOI service features.
Part3: The detailed procedures that you need to know to use FBOI services.

A separate message is being sent that contains the FBOI agreement in 
three parts:
Part1: The FBOI agreement form.
Part2: The vendor terms, conditions, and disclosures.
Part3: The customer terms, conditions, and disclosures.

Please read this information at least once before asking questions.

Thank you...

========================================================================


___/\___
_|_()_|_               A N N O U C E M E N T

For immediate release:                  Contact: fboi@netcom.com
Monday, March 20, 1995                  Subject of 'info' for details
                                        Direct questions to Vinn K. Beigh         

The First Bank of Internet, FBOI, is announcing the initiation of
transaction processing services for Internet electronic commerce.  
Purchases over the Internet can now be made without exposing personal
credit card information.  Vendors can now sell products on the Internet
without the restrictions imposed by credit card use.

Other Internet purchase procedures require personal credit card information.  
Those proceedings will be monitored by thousands of people all over
the world.  Some will attempt to either decode the credit card information
or impersonate the customer in future transactions.  

The alternative to personal credit cards for electronic commerce is
based on an FBOI procured Visa (tm) Automated Teller Machine (ATM) card.
The card is prepaid, PIN protected, replaceable, disposable, and good 
at over 200,000 Visa/PLUS (tm) ATMs in 83 countries.  

The safety of FBOI is ensured because access to ATM funds without 
possession of both the ATM card and the Personal Identification Number 
(PIN) is not possible.  ATM cards are also better than credit cards because
their purchase does not require the personal, financial, and employment 
background of the consumer.

The Visa ATM card is not a credit card.  It is cash.  The ATM card 
will be used as a checking account.  Using an ATM card allows consumers 
to set aside dedicated funds for Internet data purchases.  It provides 
a safe, secure way to transfer cash from consumers to producers.  In
addition, consumers can reclaim their funds at any time using an ATM.

A check/invoice procedure is used that consumers will find familiar.  
The consumer first places an order with a vendor.  The consumer then 
sends to the vendor or FBOI an e-mail 'check' for the purchase of the 
program/file/data product.  The vendor sends FBOI an e-mail 'invoice'.
FBOI will reconcile the transaction and send e-mail transaction receipts 
to both the vendor and customer.  Cash will be taken from the customer 
ATM account and credited to the vendor for later payment.  FBOI charges 
a 5% vendor commission per transaction.

Producers of software, information collections, newsletters, graphics, 
and other data products can use FBOI services for the sale of their 
products.   These vendors can sell their products for prices that would 
be too low for credit card transactions.  Subscription services that 
charge an up-front fee for one time access to data depositories and 
services also can participate. 

Vendors will benefit from a very large consumer base because this 
global solution works just as well outside the U.S. as within the U.S..
The Visa ATM network is worldwide.  Consumers will benefit from a very
large vendor base because software produced in non-North American 
countries can be offered for sale much easier than now.

The worldwide producers on the Internet can use FBOI services without the
expense of owning or renting a dedicated Internet server or a World-Wide 
Web site.  E-mail is the cheapest and simplest of all Internet services. 
Large Internet commercial services will soon be starting that provide only 
for the on-line purchase of catalog products.  It will not be possible
for the individual producer to sell a data product using those services.  
Those services will collect the consumers credit card information in 
advance because of Internet security problems.

FBOI transmits no sensitive information over the Internet and prevents
forgery and impersonation by using Pretty Good Privacy, PGP (tm), 
software for all transactions.  This freeware provides excellent 
authentication and anti-alteration security.

In addition to the unsecured nature of the Internet, consumers should be 
hesitant giving out their credit card information to vendors of unknown 
credibility.  Tracking is much harder on the Internet than magazine 
direct marketing.  Also, it is not the same as mail order merchandise 
since U.S. Postal Service and Federal Trade Commission mail order laws 
do not apply to the Internet.  

For high volume, low cost, transactions directly between producers and 
consumers on the Internet contact FBOI.

Further information can be obtained from The First Bank of Internet
by sending an e-mail message with the subject "info" to <fboi@netcom.com>. 


___/\___
_|_()_|_
Business with The First Bank of Internet (tm). . .            

Purchases over the Internet can now be made without exposing personal 
credit card information.  If you have an electronic product to sell such
as programs, data files, written works, graphic arts, or any electronic
product, then you should sign up as an FBOI vendor.  It costs nothing. 
Or if you wish to purchase data products at low cost directly from the 
producers, then read on for FBOI details.

The First Bank of Internet, FBOI, has developed an alternative to 
using personal credit cards for electronic commerce.  FBOI bases
its process on the use of a FBOI procured Visa (tm) Automated
Teller Machine (ATM) card.  The card is prepaid, PIN protected, 
replaceable, disposable, and good at over 200,000 Visa/PLUS (tm)
ATMs in 83 countries.  The ATM card will be used as a checking account.

When FBOI procures a Visa ATM card for vendor customers the card 
becomes their money.  FBOI will be granted access to their funds
through the FBOI customer agreement allowing FBOI to possess a 
duplicate card.  FBOI will withdraw no more then $10US as required or
requested to cover customer FBOI transactions.  If at any time the 
customer wishes, they can withdraw their funds in local currency 
from any Visa/PLUS ATM in the world.   FBOI performs transactions at 
no charge to customers.  An FBOI customer gets data products at very
low prices, too low for credit cards.  Purchases are done without risk
to personal credit cards.

If you become an FBOI vendor, we will reconcile your transactions 
between you and your customers for only a 5% sales commission. 
Funds are collected from your customers FBOI accounts and post mailed to 
you in the form of a check drawn from a U.S. bank in dollars or a Visa 
ATM card.  If you choose the ATM card, take this card to any of the
200,000 Visa/PLUS ATMs in 83 countries and collect your cash in 
local currency at very favorable exchange rates.  Vendors and 
customers around the world are invited to sign up.  An FBOI business 
could be done in any language. Transactions have to be done in U.S. 
dollars.

FBOI services provide a means for product producers to sell directly
to consumers.  This should allow sales at very low prices.  A vendor may
charge any amount, but are encouraged to charge around $1US for their
product.  The volume should be tremendous.

VENDORS:
As an FBOI vendor you get:
   -Free bookkeeping, FBOI provides detailed transaction statements 
    at the time of payment.
   -no need to handle merchant account credit card transactions.
   -no need to conduct business through the postal service.
   -no Internet server or Web site needed.
   -no preprinted documentation needed.
   -no packaging needed.
   -on line electronic sales.
   -no risk, FBOI charges only by commission.

The FBOI basic process:
    -you advertise your product.  Mentioning FBOI as the payment method.
    -customer sends an e-mail order.
    -customer sends an e-mail check to you or FBOI.
    -you send FBOI an e-mail invoice.
    -FBOI will reconcile the transaction and issue e-mail receipts.
    -you send customer merchandise electronically.
    -funds are collected from your customers' FBOI accounts.
    -FBOI sends you payment when due.
    -FBOI will post mail payments in the form of a check drawn from 
     a U.S. Bank or a Visa ATM card at amount intervals of your choice.  
     The Visa ATM card is real money.  ATMs dispense cash in local currency.
   
NOTE:  In many countries, you must report this payment to your
       government as income for taxation.
        
If you have the skills, you could streamline the process:
    -set up and on-line ordering system for near real-time transactions.
    -compose the e-mail check for the customer, they just mail it.
    -collect the customer e-mail check and pair it with your invoice.
    -compose and e-mail your invoice automatically.
    -process the e-mail receipts and send merchandise automatically.

Shareware producers could solicit for payment at the time of downloading.
Just automatically send FBOI an e-mail invoice as part of a downloading
script.  If the customer sends FBOI an e-mail check, payment will be
forthcoming.  

NOTE:  Shipping a product without a FBOI transaction receipt is at your 
risk of nonpayment.

A vendor could set up a downloading script that requires a password.  
After an FBOI transaction is complete the customer could be given the 
password.

For-Fee Services could make use of the FBOI process by using the e-mail
check/invoice process for front-door access one-time passwords.
  
CUSTOMERS:
As an FBOI customer you get:
-purchase data products directly from the producers.
-purchase without compromising a personal credit card number.
-receive quality data products at MUCH lower prices.

The FBOI procured Visa ATM card has many features customers will like.
Such as the ease of obtaining the card.  For only a 5% commission FBOI 
will procure a customer Visa ATM card.  Without invading your privacy!
Look at what FBOI does not require:
-no SSN/drivers-license numbers needed (U.S. customers).
-no mothers' maiden name.
-no personal credit card/bank account numbers.
-no personal financial information needed.
-no employment history needed.

It doesn't even matter what country vendors or customers live in.
The Visa/PLUS ATM network is worldwide with 200,000 ATMs in 83 countries.
FBOI can provide a list of Visa participating banks for non-North 
American countries.

With FBOI you get safety.  With other purchase procedures you are 
required to provide your personal credit card information.   Sending 
your credit card information out over the Internet is NOT like giving 
it out over the phone or handing your card to a waiter.  Even if your
credit card number is not in the transaction message itself, thousands 
of people all over the world can monitor the transaction and attempt to 
decode the information.  Read the February 1995 issue of Internet World,
it says "it gets worse:  it is not all that difficult to 'spoof' the
network into sending a message with an incorrect return address, which 
enables someone to impersonate you on-line."   Credit card fraud is BIG
BUSINESS, not just individuals stealing carbons and placing phone
orders using your number.  New cards are fabricated (including the 
magnetic strip) and then they do some serious shopping.  FBOI transmits
no sensitive information over the Internet.  Spoofing of checks, invoices 
or receipts is not possible.  To prevent forgery, FBOI security is 
accomplished using PGP (tm) version 2.7 ($99, commercial) or 2.6x/2.3x 
(freeware) for all FBOI transactions.  This software provides excellent 
authentication and anti-alteration capabilities.

              Send inquires to fboi@netcom.com  



___/\___
_|_()_|_   * The First Bank of Internet (tm) Procedures Guide*
                   Send inquires to fboi@netcom.com

*FBOI procedure for transactions*
FBOI will automatically respond to e-mail sent to fboi@netcom.com with 
the following subjects:
    "info"    ; FBOI will send the marketing pack/procedure guide, and 
                customer/vendor agreements.
    "PGP"     ; FBOI will send PGP information.
    "key"     ; FBOI will file your PGP key and reply with our public key.
    "form"    ; FBOI will register you.  Thank you.
    "invoice" ; FBOI will reconcile the enclosed invoice.
    "check"   ; FBOI will reconcile the enclosed check.
    "holding" ; FBOI will increase the holding amount by request.
    "refund"  ; FBOI will refund the holding amount by request.
    "payment" ; FBOI will issue a payment by request.
All the above message with the exception of "info", "PGP", and "key" 
require PGP encryption.

*FBOI procedure for PGP *
All encryption for FBOI transactions will be done using Pretty Good
Privacy (PGP) 2.7 ($99, commercial version) or 2.6x/2.3x (freeware, 
noncommercial versions).  If you are not familiar with this software 
send an e-mail message will the subject "PGP".  FBOI will tell you
where you can find the latest version (both DOS and WINDOWS) of PGP.
The file ( ftp://net-dist.mit.edu/pub/PGP/README ) contains instructions
on how to download PGP 2.6.2 from MIT.  Or you might try this file, 
( ftp://ftp.csn.net/mpj/getpgp.asc ) where you can find other copies 
of PGP.  The FAQs that answer most of your PGP questions are in 
( ftp://ftp.prairienet.org/pub/providers/pgp/pgpfaq.txt ).


After getting PGP, these instructions are to be followed:
        -"pkunzip pgp*"                        (unzips of software, 500Kb)
        -"pgp -kg"                                    (generates your key)
        -select a key size of 512 bits, or greater      (commercial grade)
        -type your name and <your e-mail address>   (<angle brackets too>)
        -select you pass phrase                             (memorize it!)
        -wait a couple minutes.                              (it's random)
        -For an XT class PC, it could be as long as 10 minutes.
        -Be patient, you only have to do this once.
        -"pgp -kxa <your e-mail address> fboi"      (extracts key for FBOI)
        -"pgp -kvc <your e-mail address>"            (displays fingerprint)
        -you MUST copy your fingerprint onto the FBOI agreement.
        -Your Key ID is your FBOI account number.
        -Create an e-mail message with a subject of "key"
        -E-mail fboi.asc to fboi@netcom.com              

The FBOI transaction messages are very small (about 600 bytes) and only 
take a few seconds to encrypt. 

Note: If you will be using PGP for other purposes and you will be sending
very sensitive information over the Internet, you may want to chose a key 
size of 1024 bits.  FBOI does not require this since we use PGP only for 
authentication and anti-alteration.  These features are not significantly 
enhanced by large keys.

Keys that are E-mailed to FBOI with the subject of "key" will be 
automatically responded to with the FBOI public key (fboi_pub.asc).  To
use the FBOI key just put fboi_pub.asc in the PGP directory and type 
"PGP fboi_pub.asc" after extracting it from your e-mail. 

*FBOI key verification procedure*
Keys that are E-mailed to FBOI will be held in an uncertified key ring.
When the FBOI signed agreement is received and the fingerprint
matches then the key will be certified and moved into the operational
key rings. 

After a new key is certified, FBOI will e-mail vendor/customer 
confirmation messages verifying their PIN, the FBOI public key 
fingerprint, and their own public key signed by FBOI.  Text messages will
be encrypted with a vendor/customer certified key.

*FBOI procedure for filling out the agreement form*
The FBOI agreement form must be filled out, printed, and post mailed to
FBOI prior to receiving FBOI services.  Your inputs are prompted by the
 :> symbol.  We require your postal information in order to send your
ATM card.  We require your Internet e-mail address.  We require your 
PGP key information ("PGP -kvc Your_User_ID") in order to certify your 
public key as originating from only you.  We request that you select your
own four digit Personal Identification Number (PIN) from a number that 
you have or can memorize.   

Indicate whether you are a new vendor (V) or a new customer (C).  You 
can be both (VC).  Vendors are required to select a payment method and 
amount interval.  While the Visa ATM card as a payment method has many 
advantages (portable, anonymous, and cash in any country of the world), 
your ATM may not dispense the entire payment due to the exchange rate 
and possible ATM fees.  FBOI will not provide this payment method unless 
you demand.   Our payment checks, payable to your postal name, are 
collectable through the banking system of your country.  New customers
must enclose an amount in US dollars (plus 5% commission) for the
procurement of a Visa ATM card.  Remember that your ATM card is not 
rechargable.  If you deplete your card, you must send another payment 
for new ATM card.  Please make your card purchase sufficient for your 
projected level of activity.  If you later decide that you have set 
aside too much money, just reclaim some of your funds at any Visa/PLUS 
ATM location.

Although not required, we also request that you save the form to disk, 
encrypt ("PGP -seat form fboi"), and e-mail "form.asc" to fboi@netcom.com 
with subject 'form'.  This also provides FBOI with an electronic copy with
your digital signature.
  
*FBOI procedures for creating a vendor e-mail invoice*
FBOI e-mail invoices are a two line message created by a FBOI vendor.
Line one of the message contains the customer Internet e-mail address.
Line two contains the transaction amount in US dollars.  This message 
must then be encrypted, signed, in ASCII, and in Text using the PGP 
command "PGP -seat invoice fboi".  The "invoice.asc" is then ready to 
be e-mailed to fboi@netcom.com with subject "invoice".  FBOI will issue
an e-mail transaction receipt.

*FBOI procedures for creating a customer e-mail check*
FBOI e-mail checks are a two line message created by a FBOI customer.
Line one of the message contains the vendor Internet e-mail address.
Line two contains the transaction amount in US dollars.  This message 
must then be encrypted, signed, in ASCII, and in Text using the PGP 
command "PGP -seat check fboi".  The "check.asc" is then ready to be 
e-mailed to fboi@netcom.com with subject "check".  FBOI will issue an
e-mail transaction receipt.

*FBOI procedures for creating a vendor e-mail check/invoice pair*
Vendors may collect an encrypted check from their customers as part
of their ordering process.  The customer check must follow the FBOI
convention.  Vendors may append this encrypted check to their
encrypted invoice.  The check should not be encrypted again by the 
vendor.  Both may be submitted to FBOI for reconciliation by
e-mailing to fboi@netcom.com with subject "invoice".  FBOI will issue 
e-mail transaction receipts to both the vendor and customer.

IMPORTANT!!!: The email address contained an e-mail check/invoice
must be representative of what FBOI will see as a return address when
e-mail from that user is received by FBOI.  It does not have to match 
perfectly.  Especially in the case of a X.400 address, perfection is not
expected.


                  *EXAMPLE of an FBOI transaction*
The vendor creates an e-mail invoice:
*****************************************************
* customer@provider.com                             *
* $1.00                                             *
*****************************************************

The customer creates an e-mail check:
*****************************************************
* vendor@provider.com                               *
* $1.00                                             *
*****************************************************
These messages are encrypted before transmission with the PGP commands
                "PGP -seat invoice fboi"
                "PGP -seat check fboi"
Then invoice.asc is e-mailed by the vendor and check.asc is e-mailed by 
the customer.  One check and one invoice per transaction.

FBOI returns two transaction receipts:

FBOI returns an e-mail customer transaction receipt:
*****************************************************
* Date:                       28Feb95               *
* Starting ATM card balance:   $90.00               *
* Transaction amount:           $1.00               *
* Due from ATM card:            $0.00               *
* New ATM card balance:        $90.00               *
* Starting FBOI holding:        $3.00               *
* New FBOI holding:             $2.00               *
* Vendor:                       vendor@provider.com *
*****************************************************

FBOI returns an e-mail vendor transaction receipt:
*****************************************************
* Date:                        28Feb95              *
* Starting balance:             $61.80              *
* Transaction amount:            $1.00              *
* Transaction credit:            $0.95              *
* FBOI commission:               $0.05              *
* New balance:                  $62.75              *
* Customer:                  customer@provider.com  *
*****************************************************

A payment from the ATM card of $10US will be due from customers whose
FBOI holding falls below $1.00.  FBOI will withdraw $10US from the 
Visa ATM card in accordance with the FBOI agreement.  This will be held 
by FBOI.  Purchases must be from the FBOI holding funds.  Holding 
amounts will be adjusted as necessary in order to cover any charges. 
E-mail checks will clear only when the holding amount is adjusted so 
as to be sufficient.  The FBOI holding amount may be increased by request.

NOTE:  Shipping a product without a FBOI transaction receipt is at 
the vendor risk of nonpayment.

* FBOI transaction statements *
At the depletion of a customers' ATM card, FBOI will e-mail a statement
summarizing all activity from purchase to depletion.

At the issuance of payment to a vendor, FBOI will e-mail a statement
summarizing all activity included in that payment.

*Holding*
FBOI will hold up to $10US of customers' funds in order to cover  
purchases.   If you wish to increase the amount of FBOI holding
in order to conduct more transactions with higher payments without delay,
just send an e-mail message with the subject "holding" and a one line 
message.  Line one of the message must contain the requested increase
amount in US dollars.  An FBOI e-mail reply will confirm this activity. 

*Refunds*
To be refunded any unused portion of an ATM card which is below the 
amount dispensable by your local ATM (this is likely only outside the US).  
Just send and e-mail message with the subject "refund" and FBOI will post
mail you a check from a US bank in dollars for balance of your ATM card.
In addition, if you are a customer, FBOI will assume that since you do 
not wish to rollover your card balance with the purchase of a new 
card, you no longer desire FBOI services.  Your FBOI holding balance 
also will be refunded.  An FBOI e-mail reply will confirm this activity. 

*Payments*
If you are an FBOI vendor and desire an unscheduled payment, just send
an e-mail message with the subject "payment" and FBOI will post mail a
payment in accordance with the FBOI agreement.  An FBOI e-mail 
reply will confirm this activity. 

*The telephone and FBOI*
FBOI does not conduct business over the telephone.  If it becomes
necessary to talk to FBOI, send us your telephone number.  FBOI will
respond with the time and date of an appointment.


To sign up to be a FBOI vendor or customer, just read the attached
terms (FBOI apologizes for the legal stuff, but this is money we're
dealing with) and return the agreement form to:
                     FBOI
                     P.O. Box 408652
                     Chicago, IL  60640  USA

If you are new FBOI vendor:
  -Read the FBOI procedures guide.
  -E-mail your PGP public key to fboi@netcom.com with subject 'key' 
   (fboi will reply with our public key)
  -Fill in the FBOI agreement form. 
  -Print the form, sign, and post mail to our P.O. address.
  -Write the form to disk and encrypt using the fboi public key.
  -E-mail the form to fboi@netcom.com with subject 'form'
  -When you advertise your product, mention FBOI as the payment method.
  -E-mail your invoices to fboi@netcom.com with subject 'invoice'

If you are new FBOI customer:
  -Read the FBOI procedures guide.
  -E-mail your PGP public key to fboi@netcom.com with subject 'key' 
   (fboi will reply with our public key)
  -Fill in the FBOI agreement form. 
  -Enclose an amount in US dollars (plus 5%) for your Visa ATM card.
  -Print the form, sign, and post mail to our P.O. address.
  -Write the form to disk and encrypt using the fboi public key.
  -E-mail the form to fboi@netcom.com with subject 'form'
  -Order products mentioning FBOI as the payment method.
  -E-mail your checks to fboi@netcom.com with subject 'check'

Visa is a trademark of Visa International Service Association.
PLUS is a trademark of Plus System, Inc.
PGP and Pretty Good Privacy are trademarks of Philip Zimmermann.

The First Bank of Internet (tm) is not a lending institution.
The First Bank of Internet (tm) is not a chartered.
FBOI transactions are not covered by FDIC insurance or regulations.
FBOI transactions are not covered by FSLIC insurance or regulations.
(c) Copyright 1995 by The First Bank of Internet (tm).
___/\___
_|_()_|_   *FIRST BANK OF INTERNET (tm) AGREEMENT*

To initiate FBOI services simply complete this form, print, and 
post mail to:        FBOI
                     P.O. Box 408652
                     Chicago, IL  60640  USA
*Postal Information*
         Postal Name:>
      Postal Address:>
                City:>
      State/Province:>
Zip Code/Postal Code:>
             Country:>

*Internet info*, e-mail address: <                    >

*PGP key_ID and fingerprint (the "pgp -kvc <e-mail address>" display)*
.../keyID
 :>
    Key fingerprint = :>

*Visa(tm) info*
You must select a four digit Personal Identification Number(PIN) 
to be assigned to your Visa(tm) Automated Teller Machince (ATM) 
card.
               Four digit (0000-9999) PIN:>
  
Are you a new Vendor (V) and/or new Customer (C):>

NEW VENDORS: Vendors will be sent payments in the form of check 
drawn from a U.S. bank in dollars or a Visa(tm) ATM card.  The Visa
ATM card may not be wholly collectable due to exchange rates or 
ATM fees.  New vendors will receive payment by check unless 
indicated herein.  Vendors must also select a desired payment 
amount. The payment must be divisible by $20US.

Do you demand payments in the form of an ATM card (N/y):>
I wish to receive a payment whenever my balance reaches:> $

NEW CUSTOMERS: New Customers are required to have FBOI procure a 
Visa(tm) ATM card purchased U.S. dollars in amounts divisible by 
$20US.  There is a 5% commission for this service (a $20US card 
requires $21US, a $100US card requires $105US, etc. up to 
$10,000US).  Funds are to be in the form of a check, money order,
or draft in US dollars payable to "FIRST BANK".  Your ATM card is 
your money.  It will be post mailed to you at the above address.

   New Customer ATM card amount enclosed:>  $

I request the FBOI transaction sercvice.  I understand and agree
to the FBOI Terms, Conditions, and Disclosures, which I acknowledge
have been given to me.

____________________________________________________________
Signature                                     Date

Visa is a trademark of Visa International Service Association.
The First Bank of Internet (tm) is not a lending institution.
The First Bank of Internet (tm) is not a chartered.
FBOI transactions are not covered by FDIC insurance or regulations.
FBOI transactions are not covered by FSLIC insurance or regulations.
(c) Copyright 1995 by The First Bank of Internet (tm).

----------------------------cut here----------------------------------


___/\___
_|_()_|_

*First Bank of Internet (tm), Customer Terms, Conditions, and Disclosures*

To FBOI customers:
For the purpose of these Terms, Conditions, and Disclosures, the words
"we", "us", "our", and "ours" mean the First Bank of Internet (FBOI). The
words "you", "your" and "yours" mean each FBOI customer.

               ********* BASICS OF FBOI **********

*The FBOI agreement*
The FBOI agreement form must be filled out completely, showing postal
address, e-mail address, PGP key fingerprint, and signature.  Completion
of the FBOI form constitutes your agreement to these terms, conditions,
and disclosures.

*Transacting business through FBOI*
Any FBOI vendor from whom you wish to make a purchase has agreed to assist
you with transaction procedures, how to compose e-mail checks, and 
how to accomplish security requirements.

The FBOI procured Visa (tm) Automated Teller Machine (ATM) card is not
a credit card, there is no dispute resolution service, refunds, or 
withholding payment.  All purchases are final.  All transactions will 
result in collection from the customer and payment to the vendor.

Even though U.S. electronic commerce is not covered by the same laws
as U.S. mail order business (U.S. Federal Trade Commission and U.S.
Postal Service laws),  FBOI will terminate services for any vendor 
upon evidence of misrepresentation of merchandise, non-delivery, 
or fraud.  You are required to notify FBOI with any of these complaints 
as soon as possible.  

FBOI will try to reconcile every e-mail check with an e-mail invoice.
FBOI will even attempt to reconcile an e-mail check/invoice pair with 
slightly misspelled e-mail addresses.  However, differences
in transaction dollar amounts will be cause for immediate rejection.
Irreconcilable checks will be returned to the customer after 10 days.
Irreconcilable invoices will be returned to the vendor after 30 days.

You agree to use Pretty Good Privacy, PGP (tm), software for all FBOI 
transactions and exchange PGP keys as instructed in the FBOI procedures
guide.

*Obtaining your ATM card*
FBOI procured Visa ATM cards must be purchased U.S. dollars in 
amounts divisible by $20US.  There is a $10,000.00US limit for this
procurement.  There is a 5% commission for this service.  Funds are 
to be in the form of a check, money order, or draft in U.S. dollars
payable to "FIRST BANK".  FBOI will cancel your account if payment
cannot be collected.  Remittances made from non-U.S. countries must be
payable and immediately negotiable in the United States for the full
amount of the payment.

*FBOI access to your ATM card funds*
The FBOI procured Visa ATM card is not a credit card.  It is your
money.  It is not usable for anything other than cash at an ATM.  You 
authorize FBOI to possess a duplicate card and to withdraw cash in the 
amount of $10US from your Visa ATM card at any time your transactions 
through FBOI causes your FBOI holding balance to fall below $1.00.  
You may increase your holding balance by an e-mail request in order
to conduct more transactions with higher payments without delay.

            ********* BASICS OF THE VISA ATM CARD **********

*The ATM card attributes*
Your Visa ATM card is issued without expiration date. The Visa ATM card 
is disposable upon depletion.  Your Visa ATM card is replaceable if lost,
stolen or damaged.  You must notify FBOI within two days for a replaceable
loss in these events.  You must notify FBOI of a lost Personal 
Identification Number (PIN) or unauthorized use of your card. The amount
of your available Visa ATM card funds is shown on your FBOI transaction 
receipts and your ATM receipt if you make a withdrawal or balance inquiry 
without fee at most Visa/PLUS ATMs worldwide. 

*Making ATM card withdrawals*
You may reclaim your funds at any time without notification to FBOI.  
When placed in a Visa/PLUS ATM machine the ATM will dispense 
local currency.  You may use your Visa ATM Card to withdraw cash in 
local currency from ATMs worldwide that display the Visa Blue-White-Gold
logo or the Visa name and the PLUS System logo. Cash withdrawals you 
initiate will be completed only if the amount of Visa funds available is 
sufficient to fully perform the withdrawal. The amount of each completed
withdrawal will be immediately deducted from your Visa ATM funds. 
You may withdraw up to $500 (in the then equivalent amount of local 
currency) each 24-hour period beginning at midnight, U.S. Eastern time. 
In some cases, you may be able to withdraw no more than $200 per day
at Visa ATMs.  You may be subject to additional limitations on 
withdrawal amounts and the number of withdrawals at other banks' ATMs.
Some ATM owners or operators may impose a surcharge for this transaction,
and any such surcharge will be deducted from your Visa ATM card. 

*ATM card usage outside the U.S.*
If you make a withdrawal in other than United States currency, the amount 
to be withdrawn from your Visa ATM card will be converted by Visa 
International into a U.S. dollar amount.  Visa will use the procedures 
set forth in its applicable Operating Regulations in effect at the time
the withdrawal is processed.  Currently, those Operating Regulations 
provide that the currency conversion rate to be used is either (1)
a wholesale market rate or (2) a government-mandated rate in effect the 
day before the processing day, increased by 1% in each case. Visa retains
this 1% as compensation for performing the currency conversion service. 
Visa will increase the rate by an additional l.5% and retain this amount 
as compensation for their services.

*Reclaiming ATM card trace balances*
The Visa ATM card cannot be replenished.  At the depletion of the 
card the customer will receive a statement showing the transactions from 
the initial balance down to the ending balance.  It is possible to have
an ending balance which cannot be retrieved from an ATM.  This balance
is less then $10 in the U.S..  This amount may be rolled over upon purchase
of a new card or a refund may be requested.  Refunds will be post 
mailed in the form of a check from a U.S. bank in dollars.

*ATM card inactivity*
If Visa International has no record of withdrawals from your Visa ATM
card for several years, applicable law may require Visa to report your
Visa ATM card as unclaimed property.  If this occurs, we will try to 
locate you at the address shown in our records. If unable to locate you, 
we may be required to deliver your Visa ATM card to the state as 
unclaimed property. We reserve the right to deduct a reasonable service 
charge for processing unclaimed property, if permitted by applicable law.

*ATM card fees*         
Visa International may deduct from your Visa ATM card for charges made 
pursuant to these Terms, Conditions, and Disclosures.  Visa International 
may change the amounts or types of charges from time to time, upon at 
least 21 days prior notice to FBOI. You also agree to repay us, and that 
we may deduct from your Visa ATM card, for expenses we incur, including 
without limitation reasonable attorneys' fees to the extent permitted by 
law, to collect money you owe us in connection with your Visa ATM card or
FBOI transaction services.

            ********* GENERAL FBOI INFORMATION **********

*No Interest or Bonus*
You will not be provided any interest or bonus in connection with your 
Visa ATM card or FBOI holdings.
 
*Liability*
We will not be liable for the results of any computer failure or breakdown
or any cause not attributable to our lack of good faith or failure to 
exercise ordinary care.

*Our Duty of Care*
Our duty of care to you is satisfied if we follow reasonable transaction
procedures. A procedure shall be considered reasonable if it is 
consistent with common transaction procedures of similar businesses. 
A clerical error or mistake in judgment is not to be considered a 
failure to meet our duty of care.
         
*Waiver*
If we waive our rights under these Terms, Conditions, and Disclosures 
in any one case, such waiver will not change our ability to enforce 
our rights in any future case.
         
*Laws*
These Terms, Conditions, and Disclosures will be governed by the laws 
and regulations of the United States and the State of Illinois. You agree
that your Visa ATM Card transactions and FBOI transactions initiated with
your Visa ATM Card are not subject to or governed by Articles 3 or 4 of 
the Uniform Commercial Code, as adopted by any state of the United States.
         
*Modifications of Terms, Conditions, and Disclosures*
We may change any of these Terms, Conditions, and Disclosures upon 30 
days prior e-mail notice. We may make a change without notice if the 
change is necessary to maintain or restore the security of our 
FBOI electronic banking system; however, you will be notified within 
30 days if such a change is made, unless disclosure would jeopardize the 
security of the FBOI system. These Terms, Conditions, and
Disclosures apply to the Visa Card(s) FBOI procured, and the funds
you paid to us, and the transaction that FBOI provides at the time 
these Terms, Conditions, and Disclosures were given to you.
         
If applicable law or regulation is violated by any part of these Terms, 
Conditions, and Disclosures, the law or regulation will prevail.
         
Visa is a trademark of Visa International Service Association.
PLUS is a trademark of Plus System, Inc.
PGP and Pretty Good Privacy are trademarks of Philip Zimmermann.

The First Bank of Internet (tm) is not a lending institution.
The First Bank of Internet (tm) is not a chartered.
FBOI transactions are not covered by FDIC insurance or regulations.
FBOI transactions are not covered by FSLIC insurance or regulations.
(c) Copyright 1995 by The First Bank of Internet (tm).

Inquires to:   fboi@netcom.com 
  Post mail:         FBOI
                     P.O. Box 408652
                     Chicago, IL  60640  USA

___/\___
_|_()_|_

*First Bank of Internet (tm) Vendor Terms, Conditions, and Disclosures *

To FBOI vendors:
For the purpose of these Terms, Conditions, and Disclosures, the words
"we", "us", "our", and "ours" mean the First Bank of Internet (FBOI). 
The words "you", "your" and "yours" mean each FBOI vendor.

               ********* BASICS OF FBOI **********

*The FBOI agreement*
The FBOI agreement form must be filled out completely, showing postal
address, e-mail address, PGP key fingerprint, and signature.  Completion
of the FBOI form constitutes your agreement to these terms, conditions,
and disclosures.

*Transacting business through FBOI*
The FBOI procured Visa (tm) Automated Teller Machine (ATM) card is not
a credit card, there is no dispute resolution service, refunds, or 
withholding payment.  All purchases are final.  All transactions will 
result in collection from the customer and payment to the vendor.

Even though U.S. electronic commerce is not covered by the same laws
as U.S. mail order business (U.S. Federal Trade Commission and U.S.
Postal Service laws), FBOI will terminate services for any vendor upon 
evidence of misrepresentation of merchandise, non-delivery, or fraud.

FBOI will try to reconcile every e-mail invoice with an e-mail check.
FBOI will even attempt to reconcile an e-mail invoice/check pair with 
slightly misspelled e-mail addresses.  However, differences
in transaction dollar amounts will be cause for immediate rejection.
Irreconcilable invoices will be returned to the vendor after 30 days.
Irreconcilable checks will be returned to the customer after 10 days.

*FBOI procedures*
You agree to assist any customer with questions on FBOI transaction
procedures, how to compose e-mail checks, and how to accomplish
security requirements using PGP.

You agree to use Pretty Good Privacy, PGP (tm), software for all FBOI 
transactions and exchange PGP keys as instructed in the FBOI procedures
guide.

*Vendor guidelines*
You agree to follow the all FBOI transaction procedures and conventions
as detailed in the FBOI procedures guide.  You acknowledge that payment
is not certified until FBOI has issued a receipt.  Shipping a product 
without a FBOI transaction receipt is at your risk of nonpayment.

You agree the follow the laws of your country regarding distribution
of the material you sell.  You also agree for follow the laws of your
country regarding any taxes due from sale proceeds.

*Vendor payments*
Payments to vendors will be made in U.S. Dollars in amounts as determined
in your FBOI agreement.  The payment must be divisible by $20US.  If 
this balance is reached multiple times in less than one week, FBOI may 
combine payments into a one weekly amount. The payment will be in the 
form of check drawn from a U.S. bank in dollars or a FBOI procured 
Visa (tm) ATM card.  Under no circumstances will a single payment 
exceed $10,000US.  Payments are also available upon request by an 
e-mail message. 

            ********* BASICS OF THE VISA ATM CARD **********

*The ATM card attributes*
Your Visa ATM card is issued without expiration date.  The Visa ATM card
is disposable upon depletion.  Your Visa ATM card is replaceable if lost,
damaged, or stolen.   You must notify FBOI within two days of a 
replaceable loss in these events.  You must notify FBOI of a lost 
Personal Identification Number (PIN) or unauthorized use of your card. 

*Making ATM card withdrawals*
When placed in a Visa/PLUS ATM machine the ATM will dispense local 
currency.  You may use your Visa ATM Card to withdraw cash in local 
currency from ATMs worldwide that display the Visa Blue-White-Gold 
logo or the Visa name and the PLUS System logo. Cash withdrawals you 
initiate will be completed only if the amount of Visa funds 
available is sufficient to fully perform the withdrawal. The amount of 
each completed withdrawal will be immediately deducted from your Visa 
ATM funds. You may withdraw up to $500 (in the then equivalent amount 
of local currency) each 24-hour period beginning at midnight, U.S. Eastern
time. In some cases, you may be able to withdraw no more than $200 per 
day at Visa ATMs.  You may be subject to additional limitations on 
withdrawal amounts and the number of withdrawals at other banks' ATMs. 
Some ATM owners or operators may impose a surcharge for this transaction,
and any such surcharge will be deducted from your Visa ATM card.

*ATM card usage outside the U.S.*
If you make a withdrawal in other than United States currency, the amount 
to be withdrawn from your Visa ATM card will be converted by Visa 
International into a U.S. dollar amount.  Visa will use the procedures 
set forth in its applicable Operating Regulations in effect at the time
the withdrawal is processed.  Currently, those Operating Regulations 
provide that the currency conversion rate to be used is either (1)
a wholesale market rate or (2) a government-mandated rate in effect the 
day before the processing day, increased by 1% in each case. Visa retains
this 1% as compensation for performing the currency conversion service. 
Visa will increase the rate by an additional l.5% and retain this amount 
as compensation for their services.

*Getting ATM card balance information*       
You can get information regarding your available Visa ATM card balance
without fee at most Visa/PLUS ATMs worldwide.  Cards with balances
that are too low to be dispensed by an ATM should be returned to FBOI for 
rollover or refund.  Requested refunds will be post mailed in the form 
of a check from a U.S. bank in dollars.  

*ATM card inactivity*
If Visa International has no record of withdrawals from your Visa ATM
card for several years, applicable law may require Visa to report your
Visa ATM card as unclaimed property.  If this occurs, we will try to 
locate you at the address shown in our records. If unable to locate you, 
we may be required to deliver your Visa ATM card to the state as 
unclaimed property. We reserve the right to deduct a reasonable service 
charge for processing unclaimed property, if permitted by applicable law.
         
*ATM card fees*
Visa International may deduct from your Visa ATM card for charges made 
pursuant to these Terms, Conditions, and Disclosures.  Visa International 
may change the amounts or types of charges from time to time, upon at 
least 21 days prior notice to FBOI. You also agree to repay us, and that 
we may deduct from your Visa ATM card, for expenses we incur, including 
without limitation reasonable attorneys' fees to the extent permitted by 
law, to collect money you owe us in connection with your Visa ATM card or
FBOI transaction services.

            ********* GENERAL FBOI INFORMATION **********

*No Interest or Bonus*
You will not be provided any interest or bonus in connection with your 
Visa ATM card or FBOI holdings.
 
*Liability*
We will not be liable for the results of any computer failure or breakdown
or any cause not attributable to our lack of good faith or failure to 
exercise ordinary care.

*Our Duty of Care*
Our duty of care to you is satisfied if we follow reasonable transaction
procedures. A procedure shall be considered reasonable if it is 
consistent with common transaction procedures of similar businesses. 
A clerical error or mistake in judgment is not to be considered a 
failure to meet our duty of care.
         
*Waiver*
If we waive our rights under these Terms, Conditions, and Disclosures 
in any one case, such waiver will not change our ability to enforce 
our rights in any future case.
         
*Laws*
These Terms, Conditions, and Disclosures will be governed by the laws 
and regulations of the United States and the State of Illinois. You agree
that your Visa ATM Card transactions and FBOI transactions initiated with
your Visa ATM Card are not subject to or governed by Articles 3 or 4 of 
the Uniform Commercial Code, as adopted by any state of the United States. 
         
*Modifications of Terms, Conditions, and Disclosures*
We may change any of these Terms, Conditions, and Disclosures upon 30 
days prior e-mail notice. We may make a change without notice if the 
change is necessary to maintain or restore the security of our 
FBOI electronic banking system; however, you will be notified within 
30 days if such a change is made, unless disclosure would jeopardize the 
security of the FBOI system. These Terms, Conditions, and
Disclosures apply to the Visa Card(s) FBOI procured, and the funds
you paid to us, and the transaction that FBOI provides at the time 
these Terms, Conditions, and Disclosures were given to you.
         
If applicable law or regulation is violated by any part of these Terms, 
Conditions, and Disclosures, the law or regulation will prevail.

Visa is a trademark of Visa International Service Association.
PLUS is a trademark of Plus System, Inc.
PGP and Pretty Good Privacy are trademarks of Philip Zimmermann.

The First Bank of Internet (tm) is not a lending institution.
The First Bank of Internet (tm) is not a chartered.
FBOI transactions are not covered by FDIC insurance or regulations.
FBOI transactions are not covered by FSLIC insurance or regulations.
(c) Copyright 1995 by The First Bank of Internet (tm).

Inquires to:   fboi@netcom.com 
  Post mail:         FBOI
                     P.O. Box 408652
                     Chicago, IL  60640  USA