ATLANTA, GA — February 22, 2018 – During a special launch celebration to be held this Mon., Feb. 26, P20, the transatlantic payments initiative, will announce its second annual international conference to be held in Atlanta this October.
Launch Event Location and Time: 5 – 8 p.m., Holland & Knight, 1180 West Peachtree St. NW, Suite 1800, Atlanta, GA 30309
The keynote address will be delivered by Ross Allen, British Consulate Director of International Trade, to a gathering of payments industry leaders including corporate executives, regulators and elected officials from the U.S. and London.
“P20 is unique in that is has created an international cohort of businesses and regulators working together to promote policies that will make payments accessible, affordable and secure for everyone,” said H. West Richards, president of P20 and Executive Director of American Transaction Processors Coalition (ATPC). “With regulators involved from the beginning, we can accelerate the growth of payments technology to unbanked and underbanked populations with fewer unexpected roadblocks.”
2nd Annual International Payments Conference: Oct. 9-10
This year, P20 visits Atlanta for the first time on Oct. 9-10. The Atlanta History Center will host the second annual meeting with more than 100 senior leaders representing government agencies, industry advocacy groups and payments processors from both the U.S. and the U.K.
P20’s goals for the second year of the conference include:
- Promoting awareness of the unique and growing position the payments industry holds in the global economy
- Identifying challenges and opportunities in policies governing the payments industry
- Collaborating internationally to offer best practices for the four guiding pillars of P20 – cybersecurity, innovation, regulation and financial inclusion
The conference will include updates from internal working groups with the pressing issues of cybersecurity and regulation taking center stage first. The working groups will meet throughout the year, providing continued communication on progress in these areas.
Need for international coalition for the payments industry
Designed to be the “Davos of Payments,” P20 was created by the American Transaction Processors Coalition (ATPC) and held its inaugural conference last October in London. P20 brings together global executives in payments technology, business, economic leaders and government regulators to advance P20’s purpose of supporting and expanding payments worldwide. With financial technology growing and evolving at breakneck speed, the goal is to create universal rules and regulations for the payments industry.
London is the financial services capital of the world and dominates payments in Europe. London boasts nearly 40,000 Financial Services companies employing more than 60,000 workers in the Fintech sector alone; a large portion of which support the payments industry.
Atlanta is the payments capital of the U.S, processing 75 percent of $7.4 trillion in annual payments while employing the lion’s share of the FinTech workforce of nearly 40,000.
- Highlighting both London’s and Atlanta’s success in payments will help to further position London as the continued definitive financial capital of the world and Atlanta as the payments capital of the U.S.
- Collaborating will promote policies and economic development opportunities that provide honest, secure and reliable payments to the rest of the world – a vital step in helping to lift many places in the world out of poverty.
- The P20 will serve to open a vital and expandable London/Atlanta Transatlantic corridor that will provide numerous collateral benefits to both cities and nations.