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
FSR sent a memo to Congress today outlining facts around debates over payment card security.
Life is full of defining moments and consequential choices. These choices can shape and define us morally, ethically, and even spiritually. The more important the choice, the more polarizing the decision becomes. Like when you’re standing at the checkout and after swiping your card, you’re prompted to either enter a PIN or press ‘X’ to...
When it comes to payments, convenience and security is what the average consumer cares about. The financial services industry continues to be the engine driving the future of payments because the system simply doesn’t work if it isn’t safe and secure. The payments industry is working to ensure that we can use innovative products securely...
Pawlenty: If you knew a large group of highly trained and organized thieves was working in your neighborhood, how long would it take for you to lock your doors? Of course, we would all do it immediately -- and many of us would buy security systems and take other defensive steps as well.
FSR President & CEO Tim Pawlenty urged House Financial Services Committee lawmakers today to pass legislation requiring all industries to uphold equally high standards to protect customers’ personal information from cybersecurity breaches and notify them quickly in the event that their information is at risk.