[FYI] U.S.: Uniform payment system urged

["Axel H Horns" <horns@t-online.de>]

http://news.ft.com/ft/gx.cgi/ftc?pagename=View&c=Article&cid=FT3F82C9O
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Uniform payment system urged 

By Dan Lerner in Washington - 11 Mar 2000 04:19GMT  

The Clinton administration on Friday called for the introduction of a 
uniform system for business-to-business and retail electronic 
payments over the internet.  

Addressing a private investors' group, Stuart Eizenstat, deputy 
treasury secretary, said an efficient standards-based mechanism was 
needed for such payment, as current credit card transactions were 
costly and could not be used for electronic auctions, one of the 
internet's fastest growing sectors.  

[...]

Mr Eizenstat also commented on the controversial issue of internet 
taxation. He said state officials would be able to tax e-commerce 
after a simplification of the tax code to make it easier for online 
vendors to enforce.  

[...]

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