A government agency began an Internet commerce experiment Wednesday, boosting two technologies that have gotten only lukewarm support from the U.S. banking community.

Displaying its official enthusiasm for electronic payment alternatives, the Treasury Department assembled a system that relies on smart cards and the credit card industry's SET standard to secure on-line transactions.

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.