Regulators met last week to figure out where they fit in the emerging world of electronic commerce. But after a daylong meeting of the Consumer Electronic Payments Task Force, created nine months ago by Treasury Secretary Robert E. Rubin, not much progress was made.

At the task force's first meeting last Monday, Comptroller of the Currency Eugene A. Ludwig announced its goal is to "identify innovative nonregulatory responses that may be needed for consumers in this developing market."

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.