Payments

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.

 

FSR Statement on State of the Union Address

January 29, 2014

“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.”


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

January 17, 2014

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.

US fights losing battle for bitcoin riches

November 20, 2013

Paul Smocer, president at BITS, the technology policy division of industry body The Financial Services Roundtable, said that digital currencies appeal to merchants and customers due to lower transaction costs. Their ability to facilitate simpler international funds transfers would also mean companies would see an increase in international sales opportunities, he said at Tuesday’s hearing.


FSR Testifies on Bitcoin & Digital Currency

November 19, 2013

The increased use of bitcoin and digital currency is providing opportunities to explore, but the risks currently outweigh the benefits, according to Paul Smocer, President of BITS, who testified before the Senate Banking Subcommittees on National Security and International Trade and Finance.

FSR Testifies on Bitcoin for Senate Banking Committee

November 19, 2013

The increased use of bitcoin and digital currency is providing opportunities to explore, but the risks currently outweigh the benefits, according to Paul Smocer, President of BITS, who testified before the Senate Banking Subcommittee on National Security and International Trade and Finance.


Testimony, Senate Banking Digital Currency Hearing

November 19, 2013

BITS President Paul Smocer testified in front of the U.S. Senate Banking Committee on Nov. 19, 2013, on digital currency and its implications. Read a copy of his submitted written testimony here.

Regulators Looking to Tame Bitcoin World

November 15, 2013

The top banking regulator in New York is accelerating his hunt for bitcoin bad guys, announcing that he will hold hearings that could help determine whether virtual currency companies will need to apply for a special “bitlicense” to operate in the state.


Regulators Looking to Tame Unruly Bitcoin World

November 14, 2013

On Tuesday, Ms. Shasky will testify again before the Senate Banking Committee beside an official from the trade group Financial Services Roundtable, Massachusetts’ state commissioner of banks, BitPay Inc. CEO Anthony Gallippi, and other witnesses.

Fed’s Yellen seen winning Senate approval after vigorous debate

October 9, 2013

Tim Pawlenty, a former Republican Governor of Minnesota who sought his party’s nomination for president in 2011, said she was “a talented economist who will bring a wealth of experience to the job,” in a statement on behalf of the Financial Services Roundtable, of which he is president and chief executive.