FITUG e.V.
Förderverein Informationstechnik und Gesellschaft
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http://news.ft.com/ft/gx.cgi/ftc?pagename=View&c=Article&cid=FT3F82C9O5C
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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