Regulatory and Payments Industry Stakeholder Perspectives: Fintech Innovation, Privacy, Open Banking, and Secure Payments Regulatory and Payments Industry Stakeholder Perspectives: Fintech Innovation, Privacy, Open Banking, and Secure Payments

December 3, 2019

The Mobile Payments Industry Workgroup (MPIW) meets with representatives from federal and state regulatory agencies every 2-3 years to gauge their level of involvement in the mobile/digital payments industry and engage in dialogue with industry experts on developments, challenges, and potential gaps where agencies can add value. Topics discussed at the June 2019 MPIW meeting included: how U.S. regulatory agencies are supporting financial technology (fintech) developments, potential changes to U.S. privacy and consumer protection laws for mobile/digital payments, open banking, authentication, and mobile payments in the fuel industry. No major surprises emerged from the discussions with the regulators, but the MPIW identified several issues and opportunities for further analysis.

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