Last week's Treasury Department conference on electronic money and banking had Comptroller of the Currency Eugene A. Ludwig and Treasury Secretary Robert E. Rubin beaming.

The two-day gathering appeared to be a money-maker - 600 participants each shelled out $500 - but beyond that, it validated the Treasury's initiative to keep the government abreast of electronic money innovations.

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.