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.


Defying Logic

December 12, 2014

High school debaters learn about the art of rhetoric. They learn how to persuade people and how to avoid logical […]

All Industries Should Have Equal Data Security Standards

November 12, 2014

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 organizations wish to set the record straight.

CTO Corner: e-Cash and Bitcoin and Future of Money

November 1, 2014

In May 2013, I wrote a CTO Corner about Bitcoin1 where I reviewed how it works as well as factors that are both driving and inhibiting its acceptance in the marketplace. This article updates my assessment based on events that have occurred during the 18 months.

Bitcoin is an electronic cash system using peer-to-peer networking, digital signatures and cryptographic proofing to enable irreversible payments between parties. Back in the 1990s, at the start of the commercialization of the Internet, there were many start-up companies offering different e-cash schemes and other innovative payment schemes, but only PayPal succeeded because it addressed the need for on-line payment options for Internet auctions, such as eBay.

Payments Innovation Critical To Beating Cyber Threats

October 17, 2014

Greater focus on addressing cybersecurity challenges across all industries is critical in defending against common enemies and today’s White House announcement on cybersecurity will continue to advance this important discussion.

CTO Corner: The Future of Payments

July 1, 2014

Over the last few years, we have seen a growing number of new innovative product offerings in the payments area. Three events are contributing to this accelerating rate of innovation:

Warp speed payments? Millennials Aren’t Impressed

July 1, 2014

Speeding up the process of authorizing, clearing, and settling payments in the U.S. is a hot topic of debate in the financial services industry and in the federal government, particularly at the Federal Reserve.