The Banking Industry Technology Secretariat has not let its lack of a full-time chief executive officer prevent it from reaching some harsh conclusions about banks' state of payment-system preparedness.

For a meeting of its board in early April, the secretariat is preparing a no-holds-barred assessment of how the industry, in its view, has lacked the planning and coordination it needs to deal with new technologies and new forms of competition.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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