Friday, August 05, 2005

Working Group on Electronic Payment Systems

Sarah Jane Hughes and Bob Ledig opened discussion of the FDIC's forthcoming proposals regarding stored value cards and the deposit insurance coverage (if any) of the underlying funds. A fascinating discussion followed with the group continuing to work out the implications. The group is going to provide some further detail in a followup e-mail to the Committee, and suggest that many of the members could be interested in providing their own comments to FDIC.

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