The International Payments Framework Association is proud to inform that “The Clearing House” has become its latest Primary Member as of the beginning of February 2016.
On February 25th,2016 at the Annual General Meeting (AGM)2016 of the International Payments Framework Association (IPFA) the new Board of Directors for the 2016 to 2018 term was elected by the member representatives. As of now the IPFA Board of Directors is consisting of eight members; these are
– Michael Steinbach (Chairman), Equens, Germany
– Joaquim Kavakama (Vice-Chairman), CIP, Brazil
– Nell Cambell-Drake (Treasurer), Federal Reserve Bank of Atlanta, United States
– David Chance, Dovetail, United Kingdom
– Chris Pangopoulos, DNB, Norway
– Casey Wilcox, Earthport, United States
– Akira Yamagami, NTT Data, Japan
– Elizabeth McQuerry, CEO IPFA, United States Ex -officio –
The International Payments Framework Association is proud to inform that Madfoo3atCom has become its latest Affliate Member earlier this month.
Madfoo3atCom is a Jordan-based company, established in 2011, that provides a centralized electronic bill presentation and payment (EBPP) service first to the local Jordan market and the NENA region at a later stage; it connects banks with billers to facilitate online real-time secure bill inquiry and payment services through electronic banking channels 24/7.
As the IPFA is moving into the area of International Real-time Payments, this new member will be a perfect fit with the future strategy of the Association. Futhermore Madfoo3atCom is its first member headquartered in the Middle East region, where we hope that others will follow.
As all the years before since its foundation in 2010, the IPFA will be present at Sibos, taking place from October 12th until 15th, 2015 at the Sands Expo and Convention Centre at Marina Bay Sands in Singapore. Like Sibos 2014 in Boston, the IPFA will no longer have its own booth, but you will find Elizabeth McQuerry, IPFA CEO, and Manfred Schuck, IPFA Corporate Secretary, at the Equens Stand (J37) in the Exhibition Hall. If you would like to arrange for a meeting with either one of them, please use the ‘Contact’-button on this website and send us your proposal. We will contact you for further coordination. If you want to just come by and say ‘Hello’, please ask one of the Equens-staff to put you into contact either with Elizabeth McQuerry or Manfred Schuck. Either way, we are looking forward to see you at Sibos 2015 in Singapore!
Elizabeth McQuerry, the new IPFA CEO, gave an interview to Liz Lumley of Finextra at the NACHA Payments Alliance Meeting in Barcelone earlier this month. Herein she explains the IPFA is looking at standards to promote the growth of real time payments globally.
Finxtra is the leading independent newswire and information source for the worldwide financial technology community. To watch the full video please use the following link:
Five years after its foundation, the International Payments Framework Association (IPFA) has appointed a new management team and expanded its focus to include instant or real time payments at their AGM in Barcelona yesterday. Elizabeth McQuerry, a partner in the US payments consulting firm Glenbrook Partners and a former IPFA member representative of the Federal Reserve’s Retail Payments Office, has been appointed as the new CEO of the association. She will take up this position with immediate effect. She takes over from Arthur Cousins who had shepherded the group since its founding in February 2010.
Michael Steinbach, CEO of Equens SE and chairman of the IPFA Board of Directors said: “ We thank Arthur for his efforts to successfully foster the IPFA into a global initiative for the standardization of non-urgent cross-border credit transfers. Within five years the IPFA has become recognized on all five continents and the Rules and Formats are considered the standard for best practices in processing cross-border payments.”
Elizabeth McQuerry replied “The payments industry is at an important inflection point. We are seeing increasing international standardization and new real-time systems being introduced or planned. We are also seeing entirely new models for payments being introduced in the industry, many of them for cross-border payments. IPFA has done an outstanding job with industry collaboration on non-urgent payments over the past five years, and will now start to align its proven model to provide a bridge between the increasing number of instant payments deployments globally.”
The IPFA also welcomed Nell Campbell-Drake from the Federal Reserve Retail Payments Office to join the group’s Board of Directors and has appointed Manfred Schuck, who has assisted the IPFA with various industry initiatives, as the Corporate Secretary.
The new focus on instant payments reflects the IPFA evolution along side the fast paced financial services industry. The association will also focus on enlarging its membership and broadening the service proposition to new financial sector constituencies.
The International Payments Framework Association is proud to inform that RippleLabs, a San Francisco-based start up, has decided to join the Association as its latest Affiliate Member earlier this month. RippleLabs is the creator and developer of the Ripple protocol.
According to RippleLabs, Ripple is an Internet protocol that interconnects the world’s disparate financial systems to enable the secure, real-time transfer of funds in any currency. As settlement infrastructure, Ripple transforms and enhances today’s financial systems. Ripple unlocks assets and provides access to payment systems for everyone, empowering the world to move value like information moves today.