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4/7/2021

READOUT: Treasury Deputy Secretary Wally Adeyemo Met with the Payments Leadership Council | U.S. Department of …

U.S. DEPARTMENT OF THE TREASURY
READOUT: Treasury Deputy Secretary Wally Adeyemo Met with
the Payments Leadership Council
April 6, 2021

Today, Deputy Secretary Wally Adeyemo met virtually with CEOs from seven U.S.-based
payment companies and representatives from the Payments Leadership Council (PLC) to
discuss the important role electronic payments and financial inclusion play in our economic
recovery. Deputy Secretary Adeyemo reiterated how critical it is that businesses and
government work together toward a swi and inclusive economic recovery. In particular,
Adeyemo stressed that the recovery must address the economic inequalities that existed
before, but have been exacerbated by, the pandemic. Additionally, Deputy Secretary
Adeyemo applauded PLC members for working with the Treasury Department to distribute
more than 130 million Economic Impact Payments as rapidly as possible, and for devising
innovative ways to distribute payments to underbanked and unbanked individuals. The
group also discussed how the American Jobs Plan and infrastructure investments, such as
access to broadband, will help unlock economic potential.
Deputy Secretary Adeyemo was joined by the following:
Al Kelly Jr., Chairman and Chief Executive O icer, Visa Inc.
Stephen J Squeri, Chairman and Chief Executive O icer, American Express
Roger Hochschild, Director, Chief Executive O icer, and President, Discover Financial
Services
Gary Norcross, Chairman and Chief Executive O icer, FIS
Frank J. Bisignano, President and Chief Executive O icer, Fiserv
Je Sloan, Chief Executive O icer, Global Payments
Michael Miebach, Chief Executive O icer, Mastercard
Raj Date, Founding Director, Payments Leadership Council
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4/7/2021

READOUT: Treasury Deputy Secretary Wally Adeyemo Met with the Payments Leadership Council | U.S. Department of …

https://home.treasury.gov/news/press-releases/jy0107

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