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.
“Participants in U.S. payment systems frequently turn to trusted
partners when investing in a new payment network or technology
platform,” said Bill Schoch, inaugural Chair of the Center for Payments
and President & CEO of WesPay. “This is a significant role each of the
eleven payments associations collaborating on the Center for Payments
have provided for more than 40 years. By working cooperatively in
gathering market intelligence and advancing our teams, the Center for
Payments will generate new expertise that will facilitate payment
systems modernization.”
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 eleven
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
Contact us at info@centerforpayments.org
and follow us on Twitter (@Center4Payments).
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