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Board of Directors Gather at Elavon for 2015 Q1 Board Meeting
February 13, 2015
ATPC Board of Directors and staff gathered at Elavon headquarters in Atlanta, GA on February 3rd for
the first board meeting of 2015.
Board members received organizational updates from Executive Director H. West Richards, and also heard from staff about the latest in federal and state policy, and public affairs initiatives underway. The meeting provided an important opportunity to review progress since the ATPC’s founding less than a year ago, which will be chronicled in a 2014 Annual Report being released this month. And the board discussed 2015 priorities, in light of these briefings and 2014 reflection, that will drive Washington and Georgia capitol activities for the next year.
The ATPC recently formed its core operating committees and immediately turned its attention to establishing a policy platform. The Policy Committee met in December of 2014 to discuss core cornerstone issues and drafted a survey that members responded to in advance of the board session. Reviewing those responses led to one of the more lively discussions, and helped clarify where the ATPC membership stood on various topics of concern. A core policy platform – to be finalized before the next meeting based upon how members ranked various issues – will allow thet ATPC to speak with confidence about priorities, and evaluate legislation and regulations with potential impact on the FinTech industry.
Three policy priorities for Q1 and Q2 of this year bubbled up from the discussions:
1) Security: including cyber security; data security/breach notification; and privacy
2) Workforce development: including federal, state and local incentives, and creating a pipeline of local talent to drive industry innovation
3) Prepaid concerns: including the CFPB Proposed Ruling and Federal Deposit Insurance Commission Brokered Deposits FAQs
The board voted to admit two new companies, who will be announced shortly, at the Tier 3 level. These are the first members to join at the Tier 3 level, which demonstrates the vital role the ATPC plays for bringing the FinTech industry’s diverse ecosystem together to discuss policy, talent, incentives and the future of payments.
The meeting wrapped with a panel discussion on access to talent, featuring: Ben Hames, Deputy Commissioner of Workforce Development at the Georgia Department of Economic Development (GDEcD); Mark Lytle, Vice Chancellor of Economic Development for the Board of Regents, University System of Georgia; and Greg King, Director of Strategic Industry Partnerships at Georgia Tech. The discussion focused on creating visibility for the FinTech payments industry and their companies on local college campuses. The State of Georgia is actively engaging with the ATPC to establish a FinTech certificate program, and eventually a university curriculum within the state system to ensure that necessary innovation takes place, and the talent is available to ensure Transaction Alley dominance in an increasingly global payments space.