George W. Mitchell, the former Federal Reserve Board vice chairman who died Jan. 25 at the age of 92, should be remembered as "the father of electronic payments."

He pushed harder than any other American to move us in that direction. His tireless devotion to improving the payments system, moving it from paper-based toward electronic, brought substantial benefits to the banking industry, the corporate community, and millions of consumers.

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.