Olson on Federal Reserve in an electronic world

In the speech 'The Federal Reserve in an electronic world' given on 19 May, Mark Olson of the Federal Reserve said the role of the private sector is growing in all segments of the payments system, from providing payments services, to setting industry rules or establishing industry technical and operational standards, to providing consumer rights and protections.

"Nevertheless, the Federal Reserve will continue to have an important role within a more-electronic payments system. We will continue to

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