Federal Rules Coming for Mobile Banking, as Adoption Numbers Rise with Smartphones

摘要

Federal agencies are still working on how to approach mobile payments, said Kate Kingberger,nU.S. Treasury mobile payments specialist, at an event Monday. The Financial and Banking InformationnInfrastructure Committee (FBIIC) at Treasury is working to maintain security and consumer protectionnand to define federal regulations, said Kingberger. Adoption rates have been increasing for mobile bankingnbecause of growing smartphone adoption, but security remains an issue for some, said Federal ReservenBoard economist Max Schmeiser at the event on mobile payments.