Talk:Security First Network Bank

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From: http://csdl2.computer.org/comp/proceedings/hicss/1998/8242/04/82420073.pdf

The concept for developing a bank on the Internet initially grew out of a discussion at a family gathering between two brother-in-laws. In July 1994, Michael McChesney (then CEO of SecureWare, Inc.) talked with James “Chip” Mahan (then CEO of Cardinal Bancshares, Inc.) about an article he had read about two attorneys who had put up an advertisement on the Internet for US green card services and had received more than 30,000 responses. Mahan asked, “Can we put up a bank on the Internet?” McChesney had been thinking about potential areas for expansion of his secure operating system and environment, and offering Internet-based banking services seemed to be a good fit with the capabilities his firm offered in the area of networking security. This initial information discussion eventually resulted in the creation of SFNB, with the Cardinal Bancshares team providing the banking industry expertise and SecureWare providing the technical expertise.

I met McChesney shortly after the formation of Security First. At that time, my thoughts were that it was formed purely to demonstrate the "security" of the software.

John Bob 23:12, 22 August 2007 (UTC)