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[FYI] U.S.: Uniform payment system urged
- To: debate@fitug.de
- Subject: [FYI] U.S.: Uniform payment system urged
- From: "Axel H Horns" <horns@t-online.de>
- Date: Sat, 11 Mar 2000 19:02:00 +0100
- Comment: This message comes from the debate mailing list.
- Organization: PA Axel H Horns
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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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