Fed Official Plots Course for Emerging Mobile Payments
Federal Reserve Bank of Kansas City senior vice president Barb Pacheco, who also is head of the Fed’s Financial Services Division, has a mission to map out developments in the mobile payments sector and explain it to bankers. Of particular concern to her is the role of public authorities such as the Fed, the Justice Department, and payment system regulators as alternatives mature, and Pacheco is unclear on which rules apply to which types of financial services firms.
From “Fed Official Plots Course for Emerging Mobile Payments”
American Banker (07/12/12) Sposito, Sean