the subcommittee, my name is james reuter, president of the support services at firstbank in lakewood colorado. we are a 13 billion-dollar institution with over 115 locations. 2000 was serving colorado, arizona and california. my operation provides information technology, payment processing services, a 24 hour call center and electronic banking services for 115-firstbank location to a preacher the opportunity to be here and represent the aba. even with the recent breaches, our payment system remains strong and continues to support the $3 trillion that americans spent safely each year with the their credit and debit cards. and with good reason. customers can use these cards confidently because there banks protect them by investing in technology to detect and prevent fraud, re- issuing cards, and absorbing fraud losses. at the same time, these breaches have reignited a long running debate over consumer data security policy. the banking industry recognizes the importance of a safe and secure payment system to our nation and its citizens. we thank the subcommittee for holding this hearing and welc

the subcommittee, my name is james reuter, president of the support services at first bank in lakewood, colorado. inhave over 115 locations 2000 employees serving colorado, arizona, and california. my operation provides information technology, payment processing services, a 24-hour call center, and electronic banking services for 101st -- 115 first banking locations. i appreciate the opportunity to be here and to represent the aba. even with payment bridges, our payment system or main strong and continues to support the $3 trillion the -- that americans and each year with a credit and debit cards, and with good reason. customers can use these cards confidently because their banks protect them by investing in technology to detect and prevent fraud, reissuing cards, and absorbing fraud losses. at the same time, these breaches have rignet at a long-running debate over consumer data security policy. the banking industry recognizes the importance of a safe and secure payment system to our nation and its citizens. we thank the subcommittee for holding this hearing and welcome the ongoing discussion. ,