The bulk of the conversation focused on the challenges facing the industry regarding CARD Act, Regulation E, interchange regulation, and the on-going efforts to create a CFPA (consumer financial protection agency).

The themes running through the presenter’s remarks include the uncertainty facing the industry and consumers.

Innovation is expected in the mobile payments system and government payments arena.

To help alleviate the uncertainty and develop plans for moving forward, the panelists urged the 100 or so attendees to stay in close contact with their regulators, the various departments at the financial services companies, and, of course, their consumers.