as i mentioned in my opening statement we are lucky to see richard oliver of the mobile payment in the united states mapping out the road ahead in atlanta. welcome, mr. oliver. estimate what may start by thanking the kennedy and the subcommittee for the opportunity to come and share information with fewer of the mobile payments environment will it's still very early in its evolution. in 2010 the payments research teams in the federal reserve bank of atlanta and boston collaborated to conduct an assessment of the state of and the potential for the deployment of the mobile options in the united states to read our interests were to determine the impact on the payments on the existing payment businesses and to isolate the potential risk to the consumers and businesses who might choose to use mobile payment options. to conduct the assessment we've invited the major players from the mobile payment industry to discuss on a voluntary basis of the opportunities, barriers and challenges associated with implementing the environment in the country into the included major car branch, wireless opera