Friday, March 23, 2012
12:00 pm – 1:30 pm
Rayburn House Office Building – Room 2226

In many countries, payments via smartphone swipes have begun to replace the wallet as the predominant means by which consumers make point-of-sale and other purchases. This could happen very soon in the US, the experts tell us, given that Google, Intuit, PayPal, Square, Apple and wireless carriers are poised to enter the market for mobile payments. The implications are enormous for innovation, efficiency, consumer benefits and US technology leadership. We have assembled a panel of experts and government officials to identify the industry practices and public policies that need to be in place to assure that the transition to smartphone payments develops in the interests of both innovation and consumer protection. The panel will identify an array of public policy issues including customer financial privacy, cyber security, financial accountability and fraud. In addition, the panel will identify issues that policymakers should understand regarding consumer choice and interoperability issues. The panel will also outline which regulatory agencies are in charge of assuring basic consumer protections. In fact, there is a range of really fascinating policy issues that Congress should explore as this exciting technology takes off. This briefing is of interest to policymakers working financial policy, consumer protection, technology policy and innovation issues. Please join us:

– Robert D. Atkinson – Information Technology and Innovation Foundation 
– Mark Egerman – Consumer Financial Protection Bureau
– Suzanne Martindale – Consumers Union 
– Steve Mott – BetterBuyDesign
– Mark MacCarthy – Software and Information Industry Association (Moderator)

Photo by Benjamin Dada on Unsplash