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
White House Highlights Merchant Financial Cyber Partnership Payments Protections Proposals

Washington, DC— Today, the Financial Services Roundtable (FSR) and the Consumer Financial Protection Bureau (CFPB) announced a public-private initiative to join forces to promote effective financial education across the country.

Joint Trade Letter to Congress: Retail Claims About Data Breaches Ignore Consumers

FSR, as part of a joint trade effort, sent a letter to Senate and House members outlining why claims by the retailers about data breaches are ignoring the larger concern: consumers need to be protected.

Retailers’ Public Shaming and the 2.3%

My son is almost five. He’s alarmingly good at making excuses, from being too full to finish dinner but starving for dessert, to explaining how he had nothing to do with Iron Man’s head detaching from his body. They’re not often logical, but they’re always creative.

Fed Payments Modernization Paper Elevates Security, Calls for Continued Collaboration

There were nearly 122.4 billion noncash payments in 2012, which were valued at $174.4 trillion, according to a study recently released by Federal Reserve. These numbers represent over 10x GDP in the same year. The U.S. payments system is at a critical juncture as the industry works toward re-orchestrating one of the largest, most complex payment...

FSR, Financial Trades Outline Data Breach Notification & Data Security Principles

WASHINGTON, DC--The Financial Services Roundtable (FSR) outlined in letters today to Capitol Hill, along with several trade partners, key areas Congress should consider as it takes up data security and data breach notification legislation.