ABSTRACT

Is Cash Still King? Reviewing the Rise of Mobile Payments, Hearing Before the Task Force on Financial Technology of the Committee on Financial Services, U.S. House of Representatives, One Hundred Sixteenth Congress, Second Session, January 30, 2020   [open pdf - 24MB]

This is the January 30, 2020 hearing on "Is Cash Still King? Reviewing the Rise of Mobile Payments," held before the U.S. House Task Force on Financial Technology of the Committee on Financial Services. From the opening statement of Stephen F. Lynch: "We are here to discuss the future of payments in America. Over the past few years, we have heard anecdotal but growing evidence that retailers and consumers are moving toward a cashless society, a society where consumers don't carry cash and retailers don't accept it, instead using either plastic or mobile forms of payment. A truly cashless future is not imminent, but the rise is real, and today's conversation is to help our committee better understand the implications of that rise for financial inclusion, consumer privacy, and costs to both business and consumers." Statements, letters, and materials submitted for the record include those of the following: Usman Ahmed, Deyanira Del Rio, Kim Ford, Aaron Klein, and Christina Tetreault.

Report Number:
Serial No. 116-80
Publisher:
Date:
2021
Copyright:
Public Domain
Retrieved From:
U.S. Government Publishing Office: http://www.gpo.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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