Philip Keitel

Industry Specialist

Phone: (215) 574-6210
Fax: (215) 574-7101
Send an e-mail to Philip Keitel

Philip L. Keitel is an industry specialist in the Payment Cards Center of the Federal Reserve Bank of Philadelphia. As an industry specialist, he is responsible for researching and analyzing emerging issues in consumer credit and payments, particularly legal and regulatory issues.

Keitel is also an adjunct professor of payment systems law at the Beasley School of Law at Temple University.

Keitel's research has focused on the prepaid card market, federal regulation of the prepaid card market, payments-related information security regulations, legislative and regulatory responses to data breaches, mobile payments, and the dynamics of merchant adoption of electronic payments, with a particular focus on transit agencies’ adoption of electronic payments.

In 2009, Keitel, acting under the Federal Reserve's Interchange Program, served as an attorney in the Division of Consumer and Community Affairs at the Federal Reserve Board of Governors. There, he helped effectuate provisions of the Credit Card Accountability Responsibility and Disclosure Act of 2009 by assisting in the drafting of regulations related to consumers' use of prepaid cards and credit cards.

Keitel received J.D. and M.B.A. degrees from Temple University, where he was awarded the Terrence H. Klasky Memorial Award for outstanding achievement in banking, negotiable instruments, and consumer protection. He earned his undergraduate degree, cum laude, from Tufts University, where he serves as an alumnus interviewer of applicants. Keitel is licensed to practice law in New Jersey and Pennsylvania.

Expertise:

Prepaid cards
Payments-related information security regulations
Data breach notification laws
The dynamics of merchant adoption of electronic payments

Payment Cards Center Publications:

Insolvency Risk in the Network-Branded Prepaid-Card Value Chain - September 2011
The Electronification of Transit Fare Payments: Examining the Case for Partnerships Between Payments Firms and Transit Agencies - April 2011
Contactless Consumer Payments: A Look at Rules, Laws, and Regulations That Apply to Over-the-Air Communication of Consumers’ Payment Information - August 2010
Consumer Testing Informs Policy: Overdraft Regulation as a Case Study - June 2010
The Credit Card Act of 2009 and Prepaid Cards - August 2009
The Electronification of Transit Fare Payments: A Look at the Southeastern Pennsylvania Transportation Authority’s New Payment Technologies Project - April 2009
Legislative Responses to Data Breaches and Information Security Failures – December 2008. Reprinted in the Electronic Banking Law & Commerce Report, 14:2 (March-April 2009).
The Laws, Regulations, Guidelines, and Industry Practices That Protect Consumers Who Use Gift Cards – June 2008. Reprinted in Consumer Finance Law Quarterly Report, 63:3-4 (Fall-Winter 2009), pp. 163-176.

View publications by the Payment Cards Center.