IPayments Forum (IPF) and the ATM Industry Association (ATMIA) have announced the formation of the Integrated Payments Alliance, which was formerly known as the ATM Acquirers Alliance.
According to Lyle Elias, IPF chairman and a founding director of ATMIA, the name change and restructuring of the initiative was based on feedback from the payments industry.
"We reached out to the ATMIA membership and found that there was a consensus among them that the makeup of the group should be inclusive of all payments industry segments, not just ATM Acquirers," he remarked.
He went on to say the mission and structure of the newly named organisation would need to be one of developing a framework for interoperable integrated payments that is inclusive of vertical industries, including money services businesses, mobile operators, merchant acquirers and government regulators.
ATMIA and the Integrated Payments Alliance will soon publish new best practices for Cardless ATM Transactions.
By Asim Shah