A lot has changed about the mobile payment scene since 2009, when several of the industry’s biggest names started attending meetings hosted by the Federal Reserve. Now, the Fed-led Mobile Payments Industry Workgroup has all sorts of momentum behind it.
Marianne Crowe, vice president of payment strategies for the Federal Reserve Bank of Boston, has been at the head of this collaborative effort, working in conjunction with the Atlanta Fed to bring mobile carriers, payment networks, issuing banks, and other major players together for a conversation about the industry’s future.
The group met most recently in April, when regulatory issues were the focus of the discussion. Since the meetings started three years ago, it seems every major relevant issue in mobile payments has been discussed (NFC is less a focus now, Crowe says, while EMV has become a bigger priority).
PYMNTS.com spoke to Crowe to learn about the Mobile Payments Industry Workgroup’s past, its current focus and agenda, and what to expect from the group in the coming months.
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