Article: Treasury Unit Is an Internet Payments Lab.(Financial Management Service)

By KINGSON-BLOOM, JENNIFER Belying the stodgy stereotype of a paper-pushing government department, the Treasury has become an envelope-pushing payments innovator. A veritable research and development laboratory, the agency has been testing everything from smart cards to biometric security to a new wrinkle in data encryption technology known as elliptic curves. All sorts of Internet payment options have gone under the Treasury's microscope, including electronic checks and digital cash. The man at the center of all this activity, Gary Grippo of the Treasury's Financial Management Service, said the agency wants to "test all of the emerging electronic protocols that are ...

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