P20 leaders held a kickoff occasion in Atlanta Feb. 26 to build momentum for the October forum. Left to right: Bruce Lowthers, EVP of FIS and chair of P20
; Allen Maines, executive partner, Holland and Knight and Ross Allen, director of the New york city office of the UK Department of International Trade. Picture: P20 A summit developed to preach the power of
electronic payments is coming as planned to Georgia, the center for some 70 percent of such deals in the U.S. The P20– short for Payments 20– held its inaugural conference in London last fall, uniting leading magnate, federal government officials and regulators to take on concerns facing the market.
In addition to executives from payments giants, participants included previous U.S. Treasury Secretary Jack Lew and Alastair Lukies, the British prime minister’s company ambassador for monetary innovation. (Former U.K. Prime Minister David Cameron Was slated to speak during a P20 dinner.)
“What made it actually special was, if we really wanted to make changes, we had everyone in the room who could drive change,” said Bruce Lowthers, primary operations officer at FIS and chair of this year’s P20.
Fostering high-level cooperation is the idea behind the conference, which was constantly indicated to alternate between the British capital, an international monetary services hub, and Atlanta, the city that explains itself as “Transaction Alley” due to its dominant position in the mainly hidden market that handles what takes place after a credit-card swipe.