International Council of Payment Network Operators Established

Representatives of European and North American payment networks will attend the inaugural meeting of the International Council of Payment Network Operators (ICPNO) in London on 22 September 2008. The ICPNO brings together payment networks from around the world addressing growing demand for a safer way to transact online. The ICPNO was established in 2008 to set common standards and rules for global interoperability of payment networks. Council membership is open to representatives from payment network operators around the globe or to organisations looking to establish networks in their country. The first meeting in September will be sponsored by VocaLink and chaired by Alex Grinberg of eWise Systems, NACHA’s partner for the Secure Vault Payments network in the US. Registrations for September’s meeting will close on 15 September 2008.