24 April 2018

US lawmakers form payments technology caucus

20 March 2015  |  8040 views  |  0 Washington Capitol hill

A bipartisan group of US House of Representatives members have formed a caucus to investigate payment technologies.

Republicans Lynn Westmoreland and Randy Neugebauer have joined forces with Democrats David Scott and Kyrsten Sinema to form the Congressional Payments Technology Caucus (CPTC).

In a statement, the founding members - who are all on the House Financial Services Committee - say the CPTC's mission is "to explore the new and innovative technologies in the payments industry, as well as answer questions about data security, new technologies, unbanked users’ access to electronic payments, and more".

However, no details have yet been provided on specific areas of investigation.

Says Westmoreland: “Global technology is growing and changing at a rapid pace and has a dramatic effect on our consumer payment systems and cyber security. The formation of the CPTC will help keep members up to date on industry changes, serve as an invaluable resource for information, and provide a panel for discussion on future legislation."

The Electronic Transactions Association has welcomed the caucus, pledging to work with it to "advance deployment of payments technologies that grow our economy while improving the lives of all Americans".

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Campaign pushes for US adoption of chip and PIN

Campaign pushes for US adoption of chip and PIN

09 March 2015  |  7570 views  |  16 comments | 11 tweets | 9 linkedin
Federal payments portal opens up to digital wallets from PayPal and Dwolla

Federal payments portal opens up to digital wallets from PayPal and Dwolla

19 February 2015  |  10445 views  |  0 comments | 10 tweets | 7 linkedin
Fed researcher sets out vision for government cryptocurrency

Fed researcher sets out vision for government cryptocurrency

06 February 2015  |  22115 views  |  5 comments | 28 tweets | 20 linkedin
Fed sets out faster payments options

Fed sets out faster payments options

26 January 2015  |  11602 views  |  1 comments | 16 tweets | 15 linkedin
Half of US retailers unprepared for EMV migration deadline - survey

Half of US retailers unprepared for EMV migration deadline - survey

23 January 2015  |  12444 views  |  0 comments | 16 tweets | 20 linkedin
Obama signs chip and PIN executive order

Obama signs chip and PIN executive order

17 October 2014  |  19905 views  |  9 comments | 23 tweets | 33 linkedin
US migration to EMV gathers momentum

US migration to EMV gathers momentum

13 August 2014  |  11337 views  |  1 comments | 20 tweets | 18 linkedin

Related blogs

Create a blog about this story (membership required)
Visit www.nextgenbanking.co.ukVisit http://go.jumio.com/finextraAdVisit http://response.ncr.com

Top topics

Most viewed Most shared
Top tier banks pass first transactions on trade finance blockchainTop tier banks pass first transactions on...
14072 views comments | 20 tweets | 28 linkedin
TransferWise becomes first non-bank to open settlement account with BofE RTGSTransferWise becomes first non-bank to ope...
11198 views comments | 18 tweets | 32 linkedin
'Fake data' will make banks vulnerable - Accenture'Fake data' will make banks vulnerable - A...
9128 views comments | 26 tweets | 36 linkedin
Major card schemes zero in on single 'buy' button for online commerceMajor card schemes zero in on single 'buy'...
8422 views comments | 20 tweets | 36 linkedin
hands typing furiouslyUX Design Guide: 7 Steps to Make Digital B...
8341 views 0 | 36 tweets | 24 linkedin

Featured job

(GBP Equivalent) Six-Figure Base + OTE + Benefits
New York City, NY - USA

Find your next job