-
Few would dispute that the U.S. ought to move to a faster payment system. But the hurdles to modernizing the infrastructure are daunting, said participants in a panel at this week's Retail Banking 2015 conference.
March 10 -
The coming year presents a golden opportunity for the payments industry to push for a repeal of the Durbin Amendment.
January 2 -
As lawmakers consider federal notification and information-sharing measures, a state official expressed jurisdictional concerns about creating national standards.
March 18
Four House lawmakers announced Thursday that they had formed a bipartisan group to focus on "the new and innovative technologies in the payments industry."
The Congressional Payments Technology Caucus was founded by Reps. Lynn Westmoreland R-Ga., Randy Neugebauer R-Tex., David Scott R-Ga., and Krysten Sinema D-Ariz.
"Global technology is growing and changing at a rapid pace and has a dramatic effect on our consumer payment systems and cyber security," Rep. Westmoreland said in a released statement.
The Georgia Republican added that the caucus will help keep members of Congress informed on payment technology issues and serve as a forum for new legislative proposals.
It already has earned the backing of some industry groups.
"As the trade association of more than 500 U.S. payments technology companies, ETA applauds the leadership of Representatives Westmoreland, Scott, Neugbauer, and Sinema," said Jason Oxman, the chief executive of the Electronic Transactions Association, in the Congressional release heralding the caucus's creation.
