Last week, the U.S. Senate voted 51 to 50 to repeal the Consumer Financial Protection Bureau’s (CFPB) arbitration rule – with Vice President Mike Pence providing the tie-breaking vote. The rule was structured to ban mandatory arbitration clauses in financial contracts and had been a key issue closely watched by many ATPC member companies. [...]
The ATPC, its board of directors, and member company delegates planned to be in Washington, D.C. September 13-14 for its Q3 2017 board meeting and annual Capitol Hill fly-in. Unfortunately, Hurricane Irma had other plans, causing ATPC Executive Director H. West Richards to postpone the activities. The decision to reschedule was easy because many member [...]
The ATPC, FinTech Atlanta, and local payments industry leaders work closely with Atlanta government leaders as demonstrated by several economic development collaborations with Mayor Kasim Reed and Invest Atlanta. This relationship is highlighted by Mayor Reed speaking at the ATPC’s industry town hall launch in April 2014, and InComm’s expansion and investment announcement press conference [...]
ATPC board members Scott Meyerhoff (InComm), Barry McCarthy (First Data), Doug Sandberg (Worldpay US) and Executive Director H. West Richards were invited by Georgia Attorney General Chris Carr and the Rule of Law Defense Fund to participate in a roundtable discussion amongst other AG's from across the country on September 7th. The panel focused on [...]
Deloitte's 2017 Holiday Survey report was recently released, and provides key insights into the trends American consumers are setting with their holiday shopping habits. Some of the highlights include: Holiday shopping will amount to more than $1 Trillion in retail sales, accounting for nearly one-fourth of the year's total retail sales Online spending is expected [...]
Consumer Financial Protection Bureau (CFPB) Anti-Arbitration Rule Runs Contrary to Interests of Consumers It Claims to Protect The CFBP’s final arbitration rule is yet another example of that agency using a closed process to assure a predetermined outcome that is contrary to the best interests of the financial consumers that it professes to protect. The [...]
The Federal Reserve Bank of Atlanta played host to the inaugural Transaction Alley Cyber Forum on May 22, with a capacity crowd of nearly 100 industry executives, academic leaders, and government stakeholders. This first convening featured two panels – one comprised of payments industry cybersecurity experts, and the other government cybersecurity authorities – both of [...]
Since its founding, the ATPC has prided itself on being a clearinghouse of payments industry and Transaction Alley information, utilizing the expertise and thought leadership of staff, board members and experts at member companies. Industry facts and statistics, like those found on the ATPC website, are often used and attributed to the Coalition in media [...]
An ATPC-led delegation including Executive Director H. West Richards and Secretary Robert Green, traveled across the pond in early April to continue securing commitments for the inaugural P20 Conference in October. As part of the trip, the team – including P20 Chairman, Peter Radcliffe - attended both the two-day Innovate Finance Global Summit 2017 conference [...]
Here’s the story of how 70% of all payments transactions are handled in Atlanta. So, how’d Georgia become the center of the future of payments? We know Fintech is where the next wave of innovation is hitting, from wearable contactless payment methods to Amazon’s totally contactless pop-up retail stores. But if you think Silicon Valley [...]