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
FSR Praises Court Decision on Interchange

“Interchange fees are an important part of protecting customers against fraud, providing the convenience of using electronic payments, and are good for merchants who receive prompt payment on card transactions,” said Tim Pawlenty, CEO of FSR. “Today’s ruling is important in ensuring consumers continue to receive that fraud protection and...

CTO Corner: EMV, PCI DSS and the Role of Standards in Financial Services

This article focuses on two security standards -- Europay, MasterCard and Visa (EMV) and Payment Card Industry Data Security Standard (PCI DSS) -- with respect to their roles in combatting credit and debit card fraud and fending off cyber-attack. They are not the only important standards relating to payments, but they are the key ones for credit...

FSR Statement on State of the Union Address

“It is encouraging the President called for action on the critical issue of housing finance reform,” said Tim Pawlenty, CEO of FSR. “Reforming Fannie and Freddie so that taxpayers are no longer on the hook is critical and the time to act is now.”

Bitcoin & Digital Currency in 5 Minutes: BITS’ Paul Smocer

Paul Smocer, the President of FSR's technology policy division BITS, briefly explains bitcoin and other digital currencies and role they will play in the future of the financial services sector and payments industry.

Think ID Theft is Bad? How about Tax ID Theft!

Tax season is stressful. Just figuring out the filing process is complicated and most Americans are excited to get to the finish line. But imagine filing your tax returns only to have them rejected due to your identity being stolen and used to file a fake refund in your name before you actually got to file.