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The Election’s Impact on Payments Policy

Description

As the COVID-19 pandemic continues and consumers increasingly turn to contactless methods and online retail sites to make their purchases, policymakers are looking at the cost of payment acceptance and debit routing practices. Senator Dick Durbin of Illinois and Representative Peter Welch of Vermont recently sent a letter to Federal Reserve Chairman Jerome Powell encouraging the Federal Reserve to look into potential violations of the Durbin Amendment specifically around debit routing options. Kim Ford, SVP of Government Relations for Fiserv, Steve Mathison, Sr Vice President for Fiserv and Beth Provenzano, Vice President of Public Affairs for MAG, will lead the discussion on the federal and state payments policy landscape leading up to the November elections.

Contributors

  • Kim Ford | Senior Vice President, Government Relations - Fiserv

    Kimberly (Kim) Ford is Senior Vice President, Government Relations, at Fiserv. She is responsible for development and implementation of the company’s policy strategy and overall political advocacy engagement and represents Fiserv’s political interests as the company’s registered lobbyist in Washington, D.C.

    Kim joined Fiserv from the U.S. Faster Payments Council (FPC), a business trade association focused on accelerating the implementation of faster payments in the U.S. She was the first Executive Director of the organization, responsible for managing the daily operations of the organization, developing the strategic plan, growing the membership base, and raising the public profile of the association.

    Kim is a well-recognized and popular speaker on a variety of payments issues at industry and client conferences, and she has twice served as a subject matter expert witness to testify in front of the U.S. Congress.

  • Beth Provenzano | VP, Public Affairs - Merchant Advisory Group

    Beth Provenzano is Vice President for Public Affairs at the Merchant Advisory Group. In this role, Provenzano serves as the MAG’s spokesperson; directs communications strategy and outreach to the media; and leads advocacy efforts with policymakers and regulators.