WASHINGTON–Congress on March 22 took its first cautious steps into mobile payments with a House hearing focused on security issues and prudent regulation for the rapidly evolving mobile market.

In many ways, the hearing before the House Financial Services subcommittee on financial institutions and consumer credit revealed the wide gap between the industry's focus on mobile payments and Washington's relative lack of focus on the issue.

Subscribe Now

Authoritative analysis and perspective for every segment of the payments industry

14-Day Free Trial

Authoritative analysis and perspective for every segment of the industry