Payments

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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
A Transforming Industry: Exclusive Q&A With Financial Services Roundtable CEO Tim Pawlenty

Since being named CEO of the Financial Services Roundtable last September, former Minnesota Governor and one-time Republican Presidential candidate Tim Pawlenty has been tasked with representing the 100 integrated financial services companies that make up the Roundtable to Washington policymakers.

FINANCIAL SERVICES REPRESENTATIVES SAY BROAD, UNFOCUSED REGS ARE BIGGEST CONCERN

Tim Pawlenty, president and CEO of the Financial Services Roundtable, said a recent survey conducted by his group found respondents less worried about economic conditions as barriers to growth than the “cumulative effect of regulations. … We look at lack of clarity and certainty [with respect] to the timing, nature, and magnitude” of...

Senate Unanimously Passes H.R. 4367, the ATM Disclosure Bill

Yesterday, the United States Senate unanimously passed H.R. 4367, the ATM Disclosure Bill, which continues to notify customers of any transaction fee and allows them to avoid paying the fee while no longer requiring ATM operators to affix a placard with the same notice that can be removed or defaced.