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From its inception nearly eight years ago, the Payment Cards Center has followed a policy of reaching out to the broad set of stakeholders in the consumer payments and credit arena. We greatly value the interactive dialogue and resulting input as we work to build a research and program agenda that reflects the range of relevant perspectives. This operating principle is central to the center's mission "to provide meaningful insights into developments in the payment cards industry that are relevant not only to the Federal Reserve, but also to the industry, other businesses, academia, policymakers, and the public at large."
Among these constituencies, industry participants provide special value in ensuring that the center's activities are grounded in market realities. In addition to regular dialogue with industry experts at our conferences and workshops, the center also convenes semi-annual meetings with a group of industry advisors. In addition to seeking advice and counsel on our ongoing agenda, we use a good portion of these meetings to generate an informal discussion of what our advisors judge to be emerging issues that might affect the industry and the broader consumer finance sector of the banking system. The insights gained from these discussions provide invaluable input as we consider directions for future initiatives.
Importantly, our advisors represent a range of industry perspectives, and they bring a broad base of business experience and expertise to the table.
Seated (left to right): Alex Mogielnicki, JPMorgan Chase; Stan Paur, PULSE-EFT Association; middle row (left to right): Peter Burns, Payment Cards Center; Peter Schnall, Capital One; Bob Carr, Heartland Payment Systems; Jack Williams, eCommLink; John Carey, Citi Cards; back row (left to right): Gary Palmer, Fidelity National Information Systems; Clint Walker, Barclaycard U.S.; Ed Matthews, Bank of America; Paul Weston, ICBA Bancard-TCM Bank; and Ron Congemi, Electronic Funds Transfer Association