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
Washington, DC— FSR welcomes today’s call by President Obama for a national data breach notification law that will help businesses better protect customers following a data breach.
High school debaters learn about the art of rhetoric. They learn how to persuade people and how to avoid logical fallacies. Logical fallacies appear as a statement followed by a conclusion that misses an important logical step or two. Another version involves the (usually) intentional mashup of correlation and causation. Logical fallacies are a...
The FCC should clarify that financial institutions can contact customers with automated messages that alert them about possible security breaches or the progress of pending money transfers.
Today, the Merchant Financial Cyber Partnership announced the next steps for the two industries to continue working together to strengthen the security of the payments system.
On November 6, 2014, a group of organizations representing elements of the retail industry wrote to you regarding recent breaches of consumer information. Their letter, unfortunately, is inaccurate and misleading, and recommends solutions that leave consumers vulnerable to enhanced risk of data breaches. The undersigned financial services...