NACHA Payments Innovation Alliance Members to Convene in San Francisco

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Feb. 22-24 meeting in Silicon Valley will highlight the role of fintech in payments innovation

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It is interactive knowledge exchange at its best, among industry leaders, senior level executives and payments professionals who are working with The Alliance to create an exciting path forward for the payments industry.

NACHA—The Electronic Payments Association® today announced that its Payments Innovation Alliance released its agenda for the Feb. 22-24 Members Meeting in San Francisco, which will highlight the role of fintech in payments innovation.

Launched in 2014, The Alliance is a membership group that encourages industry dialogue and collaboration to help advance domestic and global payments. As an inclusive voice for the payments industry and the ACH Network, the growing body consists of more than 200 member organizations from throughout the payments ecosystem and from around the globe.

“The Alliance Members Meeting is not a conference. It is an opportunity for members to engage and brainstorm on business opportunities, innovative solutions and critical decision making,” said George Throckmorton, Managing Director of Network Development for NACHA. “It is interactive knowledge exchange at its best, among industry leaders, senior level executives and payments professionals who are working with The Alliance to create an exciting path forward for the payments industry.”

The Members Meeting will provide an inside look at Bay Area innovation with site visits to local innovation labs and fintech companies, including PayPal and Ripple. There also will be “Idea Lab: Meet the Innovators” sessions, a live show and tell where innovators have the opportunity to pitch their payments solutions to Alliance members.

In addition, Alliance members will discuss a variety of payments-related topics in facilitated sessions and interactive discussion forums, including:

  • Millennials and Payments: A Live Focus Group – Bay Area millennials will share their thoughts, habits and preferences when it comes to making payments. The focus group will explore e-billing, mobile, digital wallets, and the Internet of Things, among other hot topics.
  • Driving Innovation in Financial Services: A Tale of Two Institutions - This session will feature perspectives from two very different financial institutions, the $1.7 trillion-asset Wells Fargo and community bank Umpqua Bank, as both look to foster and drive innovation within their respective organizations.
  • Instant Payments: Global Round Up - This session will explore the global march to real-time, instant payments and the most significant efforts in the U.S., Europe and Asia. Recent activities, announcements and impacts will be discussed.
  • Mobile Wallets: What You Need to Know - This session will provide a roundup of the most current activities -- including products, trends and the latest corporate strategies -- and what they mean to Alliance members.

For more information about the San Francisco meeting at the Hotel Nikko or joining The Alliance, visit allianceexchange.nacha.org/home.

Also, as a sponsor of the inaugural NACHA Challenge, a team competition worth $25,000 in prize money that is designed to foster new ways to improve the ACH end-user experience, The Alliance is offering the opportunity for registered teams to meet during the Member Meeting on Monday, Feb. 22, at the Hotel Nikko in San Francisco. Contact alliance(at)nacha(dot)org to request meeting space.

During the NACHA Challenge, teams will compete for a $15,000 Judges’ Choice and a $10,000 Audience Choice prize. Finalists will be invited to present at the PAYMENTS 2016 conference taking place April 17-20 in Phoenix, Arizona, where the prize winners will be announced. The submission deadline is 3 p.m. EST on Friday, March 25.

For more information about the NACHA Challenge and to access the submission guidelines, visit payments.nacha.org/NACHA-challenge. Answers to frequently asked questions also are available.

About the Payments Innovation Alliance
The Payments Innovation Alliance brings together diverse, global stakeholders to support payments innovation, collaboration, and results through discussion, debate, education, networking, and special projects that support the ACH Network and the payments industry worldwide. By organizing content and focus across all payment areas, including emerging payment technologies, electronic billing and presentment, mobile, payment security/risk, check conversion and global payments, The Alliance seeks to grow and advance payments and payments technology to better meet and serve the needs of the evolving industry. For more information and to learn how to join, visit allianceexchange.nacha.org/home.

NACHA — The Electronic Payments Association
Since 1974, NACHA – The Electronic Payments Association has served as trustee of the ACH Network, managing the development, administration and rules for the payment network that universally connects all 12,000 financial institutions in the U.S. The Network, which moves money and information directly from one bank account to another, supports more than 90 percent of the total value of all retail electronic payments in the U.S. Through its collaborative, self-governing model, education, and inclusive engagement of ACH Network participants, NACHA facilitates the expansion and diversification of electronic payments, supporting Direct Deposit and Direct Payment via ACH transactions, including ACH credit and debit payments, recurring and one-time payments; government, consumer and business transactions; international payments, and payments plus payment-related information. Through NACHA’s expertise and leadership, the ACH Network is now one of the largest, safest, and most reliable systems in the world, creating value and enabling innovation for all participants. Visit nacha.org for more information.

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Kendra Beasley
NACHA - The Electronic Payments Association
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