An American Bankers Association task force meets today to begin studying how the industry can preserve its prominent role in the payment system.

With the advent of new technology, "we want to stay in the business of being the centerpiece of the payment system," said task force chairman Murray D. Lull, who is president and chief executive of Smith County State Bank and Trust Co. in Smith Center, Kan.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.