The American Transaction Processors Coalition represents the more than 70 Georgia-based companies that develop the products and provide resources supporting the financial service industry’s technology needs.
More than 60 percent of the companies in this U.S. industry call Georgia home and 70 percent of all U.S. payments processed annually run through Georgia. The global payment processing (merchant acquiring) industry generates $50 billion annually with projected growth to $71 billion by 2015.
Payment processing currently equals the entire U.S. movie industry (worldwide annual sales) and is dominated by Atlanta, just as Los Angeles dominates films. Most people don’t know about the industry and its impact, which is why the ATPC was developed…to tell the story of more than 40,000 employees right here in the state and an additional 105,000 people around the world on the payroll of Georgia companies.
Members of Georgia’s “Transaction Alley” seek to tell their stories to media, Congress and regulators in Washington, and elected officials under our Gold Dome to ensure they remain competitive and continue to provide vital, high-paying stable jobs in the region.
The American Transaction Processors Coalition (ATPC) was created to protect, promote and preserve the interests of this critical Georgia industry through proactive public relations and government affairs activities. The following document outlines the industry’s significant economic impact.
Financial Technologies is made up of companies that develop the products and provide services supporting the financial service industry’s technology needs. These FinTech companies and their products and services form the core of the global economic payment-processing infrastructure.
The global payment processing (merchant acquiring) industry generates $50 billion, with projected growth to $65 billion by 2015. Alternative payment methods like mobile could add another $6 billion by 2015. Future growth will be driven by U.S. and European product innovation and consumer demand in countries with low credit card penetration.