"Paypal wants you to be able to send payments from your brain! (Paypal) "
Here's a snip not so bad... not so good either...
Paypal, EBay's market-leading online money transfer service, is facing a similarly unsettled landscape. Mobile payments are almost entirely unregulated at the moment, and they fall within the purview of three different agencies: The Federal Reserve, which this year began looking at mobile payments more closely; the Federal Trade Commission, which has started worrying about data privacy and security, and the Consumer Financial Protection Bureau, which seems to think that new "rules of the road" might be necessary as well. (The Federal Deposit Insurance poking its head in once in a while too.)
Everybody says that regulations need to be updated, but at the moment, nobody's quite sure how....