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it without egyptian, never the full queen on this has forceful or authorized to see in today s hearing, without objection representative donald pain, new jersey may also participate in today s, hearing every recognized by the charity question witnesses, and to five a rule so long as all members of the committee on financial services are who are present, haven t recognized for the round of questioning. this hearing is entitled, is cash still king, knowing the rise of mobile payments, i now recognize myself for four minutes to give an opening statement. again, welcome everyone, good morning, and thank you for attending this hearing of the task force, thank you for joining us today, we have to discuss the future payments in america, over the fast few years we ve heard attic notable, but growing evidence the retailers and consumers, moving toward a cashless society us society where consumers carry cash and retailers don t accept it, using instead plastic or mobile phones ....
they are authorized to declare races of the committee anytime it without egyptian, never the full queen on this has forceful or authorized to see in today s hearing, without objection representative donald pain, new jersey may also participate in today s, hearing every recognized by the charity question witnesses, and to five a rule so long as all members of the committee on financial services are who are present, haven t recognized for the round of questioning. this hearing is entitled, is cash still king, knowing the rise of mobile payments, i now recognize myself for four minutes to give an opening statement. again, welcome everyone, good morning, and thank you for attending this hearing of the task force, thank you for joining us today, we have to discuss the future payments in america, over the fast few years we ve heard attic notable, but growing evidence the retailers and consumers, moving toward a cashless society us society where consumers carry cash and reta ....
statements. again, welcome, everyone. good morning and thank you for attending this hearing of the task force. and thank you for joining us today. we re here to discuss the future of payments in america. over the past few years we have anecdotal but growing evidence that retailers and consumers are moving towards a cashless society. society where consumers carry cash and retailers don t accept it, using instead plastic or mobile phones for payment. cashless future is not imminent but the right of noncash payments are real and today s hearing is to help people better understand are that for it for financial inclusions and explanations. they will speed up actions to give consumers more control over anywhere money and make offering a business cheap and and safer. they can swipe their phone at the register and that is continuously documented with the financial institution, automatically adding that to a leather that tracks expenses of a balance and the customer can safely a ....