IPFA appoints a new CEO and adds to its management team

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The International Payments Framework Association (IPFA) has made Elizabeth McQuerry, a partner in the US payments consulting firm Glenbrook Partners, its new CEO with immediate effect. It has also appointed a new member to its board of directors and a new company secretary.

McQuerry, a former IPFA member representative at the Federal Reserve’s Retail Payments Office, is taking over from Arthur Cousins, who has been the association’s CEO from the beginning.

“We thank Arthur for his efforts to successfully foster the IPFA into a global initiative for the standardization of non-urgent cross-border credit transfers. Within five years the IPFA has become recognized on all five continents and the Rules and Formats are considered the standard for best practices in processing cross-border payments,” said Michael Steinbach, CEO of Equens SE and chairman of the IPFA Board of Directors.

The association, founded five years ago, has also added Nell Campbell-Drake, formerly of the Federal Reserve’s Retail Payments Office, to its board of directors and Manfred Schuck as the company secretary.

“The payments industry is at an important inflection point. We are seeing increasing international standardization and new real-time systems being introduced or planned. We are also seeing entirely new models for payments being introduced in the industry, many of them for cross-border payments,” said Elizabeth McQuerry.

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