Federal Deposit Insurance Corp. issues a resource dedicated to mobile payments in a late-2012 issue of Supervisory Insights. The resource aims to help card-issuing institutions and acquirers better understand the complexities of this emerging landscape. Financial institutions need to evolve their management of third-party service providers, says FDIC’s Rob Drozdowski. The FDIC chairman’s Advisory Committee on Economic Inclusion is interested in mobile financial services for its potential to draw the un-banked into the banking system.”]
Source: https://www.cuinfosecurity.com/mobile-payments-managing-vendors-a-5597