11.  Microsoft would be entering what has rapidly become a crowded field of companies hoping to become to electronic money what Microsoft is to computer software.

12.  The effort to move the government more fully into electronic money transfers has won generally positive reviews from business, consumer and elderly groups.

13.  There have been a handful of tests of various forms of electronic money.

14.  U.S. regulators will look at consumer-protection issues raised by new technologies, like smart cards that store electronic money for making small purchases.

15.  Users will then purchase Millicent scrip, or electronic money, from a broker, using a credit card, check or automatic bank deduction.

16.  Under the system, an institution would be created to issue electronic money, and this institution would cooperate with commercial banks where users have accounts.

17.  Governors also discussed the growth of electronic money because of concern of the effects on monetary policy.

18.  In April, the group will begin experimenting with issuing and settling electronic money and trasfering money between banks via the Internet, the report said.

19.  Electronic money pioneer Mondex International Ltd. will set up a franchiser in Japan this year to start its electronic money services, press reports said Tuesday.

20.  Tietmeyer said that it was impossible to know whether the use of electronic money would explode or would develop moderately.