FTC hosts workshop on mobile payments

On April 26, 2012, the Federal Trade Commission (“FTC”) hosted a workshop, entitled “Paper, Plastic … or Mobile? An FTC Workshop on Mobile Payments,” to examine the use of mobile payments in the marketplace and how emerging technologies affect consumers. The workshop consisted of presentations and panels with representatives from business, law, finance, and consumer advocacy organizations. David Vladeck, Director of the Bureau of Consumer Protection at the FTC, delivered opening remarks stating that the purpose of the workshop was to “understand and identify [mobile payment] issues before they become widespread,” and to “build best practices for adoption” by the mobile payment industry.

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