Congress eyes mobile payment apps

“We are, I think, on a precipice of some fundamental change in the way money is exchanged between consumers and businesses,” said Rep. Shelley Moore Capito (R-W.Va.) during the House Financial Services Committee consumer credit panel’s hearing on The Future of Money last week. “There’s a lot for Congress, banks, regulators, retailers and customers to learn. Most importantly, we want to make sure these payments are safe and secure.”

via Congress eyes mobile payment apps – Tony Romm –

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