Rejecting calls for more regulation, a Treasury Department task force said the government should let the market police electronic payment systems.

"Regulation at this stage risks quashing competition and innovation," the task force concluded in its report, which was released Thursday.

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.