The Metro Atlanta Chamber (MAC) and the American Transaction Processors Coalition (ATPC) announce the launch of a new FinTech Task Force, led by Worldpay US President and CEO Tony Catalfano. Its purpose is to develop ...
The Metro Atlanta Chamber (MAC) and the American Transaction Processors Coalition (ATPC) announce the launch of a new FinTech Task Force, led by Worldpay US President and CEO Tony Catalfano. Its purpose is to develop a strategy to grow and sustain the financial technology, or FinTech, industry in metro Atlanta.
“Growing jobs and attracting talent is central to our mission, and metro Atlanta is a natural hub for FinTech,” said MAC President and CEO Hala Moddelmog. “The new FinTech Task Force will serve as a powerful catalyst for growing and sustaining the region’s financial technology ecosystem and adding jobs to our economy.”
The effort is modeled after MAC’s successful Mobility Task Force that launched in 2012, and will have three main goals: attract and grow companies in the FinTech industry; develop a skilled workforce and grow innovation.
“I’m honored to accept this role and responsibility to make sure Atlanta remains the center of financial technology and service innovation,” said Catalfano, who also chairs the ATPC. “I look forward to teaming with other business leaders to develop strategies that spur development, attract investment and grow the most capable FinTech workforce in the country.”
FinTech is a fast-growing industry in metro Atlanta. More than 40,000 employees work for 70 companies in the metro area, generating $30 billion in revenue, according to the ATPC. Additionally, 85 billion transactions, or more than 70 percent of the more than $4 trillion in U.S. credit card swipes, debit card payments and gift card purchases go through Georgia-based FinTech companies.
“Georgia’s Transaction Alley is the FinTech capital of the world and we need to work hard to keep it that way,” said H. West Richards, the executive director of the American Transaction Processors Coalition. “A focused plan to invest in people and generate investment in innovation will spur Transaction Alley’s growth and protect this vital Georgia industry. I believe one day we make look back on this initiative as the spark that helped to shape Georgia’s future as the next financial industry powerhouse to arrive on the world stage. We thank the Chamber for acting on this important need and look forward to our partnership.”
About the Metro Atlanta Chamber
The Metro Atlanta Chamber (MAC) serves as a catalyst for a more prosperous and vibrant region. To advance economic growth and improve metro Atlanta's quality of place, MAC is focused on starting, growing and recruiting companies to the 29-county metro Atlanta region. The Chamber is also focused on growing the region's innovation economy by promoting and strengthening connections to drive Atlanta's innovation and entrepreneurial culture. MAC is committed to being an active voice for the business community, serving as an advocate for a competitive business climate and telling Atlanta's story. For more information, visit www.metroatlantachamber.com
About the American Transaction Processors Coalition
The American Transaction Processors Coalition was created to protect, promote and preserve the interests of this critical Georgia industry through proactive public relations and government affairs activities. Member companies include Worldpay US; Elavon; FIS; InComm; Merchant e-Solutions (a Cielo Company); Ingenico; Bluefin; and Vesta. Sponsors include Holland & Knight (Premier sponsor); Hunton & Williams (Founding sponsor); VCE; and Brightwell Payments. Learn more at www.atpcoalition.org.
Worldpay is a leading global payments technology and services company that seamlessly integrates payments processing and inventory management, backed by detailed data analytics that help businesses make informed decisions to grow. The company offers services across the entire payments value chain in any environment: in-store, online and via mobile devices. With support for 126 transaction currencies, Worldpay connects people and businesses to more payment types than any other company, processing nearly half a trillion dollars in 2014. Worldpay operates globally, with 4,500 employees throughout the U.S., Europe and Asia. The company is owned by private equity firms Advent International and Bain Capital. For additional information visit Worldpay.com.