Kristi Simonett's Contact Details

Kristi Simonett's Company Details

Merchant Advisory Group

Minneapolis, MN, US • 20 - 49 Employees
Non-Profit

The Merchant Advisory Group (MAG) was founded in 2008 by a small visionary group of merchants in the payments field dedicated to driving positive change in payments through multi-stakeholder collaboration. The MAG represents 150 of the largest U.S. merchants which account for over $4.4 Trillion in annual sales at over 450,000 locations across the U.S. and online. Roughly $3.9 Trillion of those sales and over 113 Billion card payments are electronic which represents approximately 59%* of total U.S. card volume. MAG members employ over 14 million associates.*Source of Total U.S. card volumes: Federal Reserve Payments Study 2016Mission: Driving positive change and innovation in the payments industry that serve the merchants' interests through collaboration, education and advocacy.Vision: An improved and equitable payments ecosystem.The MAG is a key participant in industry events and ensures that the merchant voice is a part of the critical and timely dialogue surrounding evolving payments and related matters. *The MAG actively engages with other prominent merchant trade associations in order to enhance and leverage the merchants' voice in payments issues.* The MAG regularly attends most of the largest payments industry and network-hosted events and often is the sole representative of the merchant voice.* The MAG participates in a variety of meetings sponsored by regional Federal Reserve Banks, and is a member of the Fed's Mobile Payments Industry Workgroup.