CyberCash forms working group with German Banks . CyberCash launches PayNow electronic check service . Digital to launch Millicent public trial this summer . Hewlett-Packard buys electronic payment systems maker VeriFone . MasterCard completes first SET transaction .
Nations worry about a rise in on-line money laundering .
NRI licenses Ecash for Japan's first true electronic money system . SET encryption deemed vulnerable to hackers. Web begins to demonstrate value to business . CyberCoins from CyberCash. Dutch Banks to Be First with Smartcards .