The Electronic Payments Association will present its 2006 George Mitchell Payments System Excellence Award to Roger W. Ferguson, Jr., Vice Chairman of the Federal Reserve Board, who is completing his service to the Federal Reserve and the U.S. payments system on April 28, 2006. The award is named after one of Ferguson’s predecessors as Vice Chairman — George W. Mitchell — who was one of this country’s earliest proponents of electronic payments.
“During his eight-and-a-half years on the Federal Reserve Board and five- and-half-years as Vice Chairman, Roger Ferguson has been enormously instrumental in guiding the payments systems through potential and real crises, and in creating a regulatory environment that is conducive to innovation,” said Elliott C. McEntee, President and CEO of NACHA. “It is a great honor for NACHA to present the 2006 George Mitchell Payments System Excellence Award to Roger Ferguson.”
From July 1998 through March 2000, Dr. Ferguson chaired the Joint Year 2000 Council that addressed issues associated with the Year 2000 computer challenge within the global financial supervisory community.
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