You may have read, as I did, about the two new entrants to the mobile wallet race, Loop and Coin, and the announcements by Square which it hopes will differentiate them from conventional acquirers. Admittedly, I try to stay abreast of the new products or enhancements, but it is more than idol curiosity, I have genuine concern. While many of these new product announcements do not gain sufficient traction to be of concern, a few do and each one that does chips away at the foundation of the banking industry. I’m not telling you anything you don’t know. So what’s my point? If you haven’t read and commented on the Federal Reserve Banks’ Payment System Improvement Public Consultation Paper, I encourage you to do so. There is no question we need to improve the U.S. payments system, but of greater importance is keeping financial institutions at the center of payments.