The Center for Payments: Partnering for Industry Advancement

Rhonda Whittaker, Marketing Manager, UMACHA
Center for Payments Communications Co-Chair

The Center for Payments™ is proud to be a Silver Sponsor of the reception honoring Accredited ACH Professionals (AAPs) and Accredited Payments Risk Professionals (APRPs) at Nacha’s Smarter Faster Payments 2021 virtual conference later this month, featuring guest speaker Raquel Daniels, Diversity & Inclusion Senior Executive at Southwest Airlines.

The Center for Payments is a collaboration of payments associations with a mission to advance the industry as a united voice through market intelligence and thought leadership. ePayResources, EPCOR, NEACH, PaymentsFirst, Shazam, Southern Financial Exchange, The Clearing House, UMACHA, MACHA, and Wespay each have over 40 years of payments industry experience and collectively represent over 10,000 financial institutions, businesses, and other U.S. payments system stakeholders. Their active engagement with rule-making organizations and other partners, including ECCHO, The Clearing House, Nacha, Federal Reserve Financial Services, and the U.S. Faster Payments Council, ensures their continued expertise. 

The Center for Payments was formed with the common belief that dynamic changes in the payments industry necessitate improved insights to help inform the evolution and growth of payments capabilities.  The Center for Payments is able to 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.

“Being part of this collaboration enhances the value of membership in the payments associations, especially through the work performed in gathering market intelligence. Our goal is to help our respective members better prepare for the continued evolution of payments systems by providing them with tangible data and insights to enable informed decision making that supports their individual payments strategies.” 

Angi Farren, President & CEO, UMACHA
Co-Chair, Center for Payments Market Intelligence workgroup

Since its inception in 2019, the Center for Payments has conducted two nationwide surveys, with a third on the horizon. The first two surveys focused on faster payments in the U.S. and the online account opening experience. Both surveys resulted in comprehensive insight and benchmarking data that was shared exclusively with the payments associations’ members. Executive summaries and infographics for each study can be found at centerforpayments.org.

To learn more about the Center for Payments and the participating payments associations, visit centerforpayments.org. Please contact us at info@centerforpayments.org and follow us on Twitter (@Center4Payments) and LinkedIn (https://www.linkedin.com/company/center4payments).