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MasterCard: Why can't government regulatory agencies work together?

U.S. government agencies must synthesize their payment regulations, says MasterCard. A panel of several agency representatives tries to defend the complex U.S. regulatory system. "Payment innovations can die from a thousand cuts," admits Jeff Marquardt, deputy director of the Federal Reserve Board. (From an interagency panel at the ATM & Mobile Executive Summit.)

January 23, 2014