Payments

prop5small

FSR advocates on behalf of members that provide and use payment products and services to promote fair competition, innovation and a vibrant payments industry.  Advocacy efforts focus on identifying trends, opportunities and challenges in a dynamic payments ecosystem, and addressing regulatory and compliance issues.

Current Payments Priorities:

  • Payments Innovation & Disintermediation
  • Payments System Modernization
  • Payment Security, Fraud and Authentication
  • Bank Secrecy Act/Anti-Money Laundering Requirements (BSA/AML)
  • Interchange Legislation & Litigation
  • Debit, Credit and Prepaid Cards
Regulators Looking to Tame Unruly Bitcoin World

On Tuesday, Ms. Shasky will testify again before the Senate Banking Committee beside an official from the trade group Financial Services Roundtable, Massachusetts’ state commissioner of banks, BitPay Inc. CEO Anthony Gallippi, and other witnesses.

Fed’s Yellen seen winning Senate approval after vigorous debate

Tim Pawlenty, a former Republican Governor of Minnesota who sought his party's nomination for president in 2011, said she was "a talented economist who will bring a wealth of experience to the job," in a statement on behalf of the Financial Services Roundtable, of which he is president and chief executive.

Industry groups oppose CFPB survey on credit card dispute resolution

The ABA, along with The Financial Services Roundtable and Consumer Bankers Association, said the survey would be inconsistent with the CFPB’s statutory mandate, adding that the survey’s design is flawed.

Response to Proposed Consumer Survey on Arbitration Provisions, 08-06-13

Financial Services Roundtable appreciates the opportunity to comment on the request by the Consumer Financial Protection Bureau (the “Bureau”) for information concerning a proposed survey of “consumer awareness of dispute resolution provisions in their agreements with credit card providers,” and “[w]ays to enhance the quality, utility,...

FFIEC may be prepping guidance for mobile banking

In June 2013, BITS, the technology policy arm of Washington, DC-based The Financial Services Roundtable, released a layered security model for mobile banking. BITS says the model provides insight for banks on how to manage the risks facing their mobile banking platforms.