Global Update
Engaging with Regulators at an International Level
Mike Lee
Chief Executive Officer
++27-21-9750752 As part of ATMIA’s Global Governmental Relations Committee (GRC) mission, regulatory trends and legislation which are likely to affect our industry are compared and analyzed across different regions and markets. The Global GRC engages with authorities and agencies such as at the Consumer Financial Protection Bureau, the UK Payments Regulator, the European Commission, the Federal Reserve, the Bank of England, as well as national governments and central banks.
The list of international issues on our radar is extensive and we have a rolling agenda to ensure we monitor all these on-going matters. A few examples of the work the Global GRC is engaged in include:
• Assessing the impact of digital currencies like Bitcoin and the growth of Bitcoin ATMs;
• Monitoring Operation Choke Point, cyber security and data breach bills, and the Federal Reserve Faster Payment initiative;
• Putting forward the case for differential surcharging;
• Promoting direct charging and the option for merchant cash replenishment in Europe;