For Immediate Release
Media Contact: Kristel Goins, AAP
Center For Payments
Communications Workgroup Co-Chair
For Immediate Release
Payments Associations Launch Center for Payments™
Collaborative Program Strives to Prepare Members for Evolving Payments Landscape
EVERYWHERE, U.S.A. (April 16, 2019) – Eleven payments associations representing over 10,000 financial institution members, businesses and stakeholders, today announced a new program to advance the payments industry through joint development of market intelligence and thought leadership. The participating payment associations–ePayResources, EPCOR, MACHA, NEACH, PaymentsFirst, Shazam, Southern Financial Exchange, The Clearing House Payments Authority, UMACHA, WACHA and WesPay–span all 50 states and U.S. territories, and form a nationwide network of payments professionals.
The Center for Payments™ was formed with the common belief that dynamic changes in the payments industry requires improved insights to aid payment systems participants and help inform decisions to evolve and grow payments capabilities. By developing and gathering market intelligence, the Center for Payments will generate actionable data for decision-making that can be used by all members of the participating associations, especially small and mid-sized financial institutions that may not have access to this type of market intelligence.
In addition to market intelligence, The Center for Payments will actively engage with industry partners and rule-making organizations, such as ECCHO, The Clearing House, the Federal Reserve Financial Services, NACHA and others, to inform the direction of payments changes and to jointly develop the staffs of the participating associations to assure that these associations maintain their reputation as experts across existing and emerging payment systems.
“The launch of the Center for Payments program supports our collective mission and shared goals to advance the payments industry,” said Bill Schoch, inaugural Chair of the Center for Payments and President & CEO of WesPay. “The association participants in this new program each have over 40-years’ experience and are well-known, trusted experts in their respective markets. The payments associations will continue to serve their members as they have in the past; the Center for Payments will become a hub of payments expertise that each association can individually deliver to its members.”
The Center for Payments is finalizing the results of its first nationwide market study examining payments strategy and the intersection of faster payments in the U.S. The results will be announced on May 6, 2019. Similar studies are being considered in the future.
For more information on the Center for Payments, visit www.centerforpayments.org
or Booth #513 at NACHA’s Smarter. Faster. PAYMENTS 2019 conference May 6-8 in Orlando, Florida.
About The Center For Payments
The Center for Payments is a cooperative program sponsored by 11 payments associations with the purpose of helping members and staff better prepare for the continued evolution in U.S. payment systems. Current participants in the program include ePayResources, EPCOR, MACHA, NEACH, PaymentsFirst, Shazam, Southern Financial Exchange, The Clearing House Payments Authority, UMACHA, WACHA and WesPay. These associations represent over 10,000 financial institution members, businesses and stakeholders with an interest in U.S. payment systems. www.centerforpayments.org
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