A strong delegation of ATPC board members, member company delegates, and staff joined Executive Director H. West Richards at the University System of Georgia (USG) offices in downtown Atlanta on February 8th for a meeting with Chancellor Steve Wrigley. The meeting, the ATPC’s first with the USG chancellor was a chance to garner support for [...]
H. West Richards, Executive Director of the American Transaction Processors Coalition (ATPC), released the following statement regarding the Consumer Financial Protection Bureau’s delay in issuing its Final Rule for Prepaid Accounts: “We welcome the Consumer Financial Protection Bureau’s announcement that it has delayed issuance of its Final Rule for Prepaid Accounts until April 1, 2019. [...]
Another ATPC-created initiative is off to a great start, as the inaugural P20 conference took place in London, U.K. October 9-10. A VIP reception and board dinner at the Royal Automobile Club got the program started, with Digby, Lord Jones – whom serves as a Crossbencher in the House of Lords –speaking to attendees about [...]
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 [...]