Wespay celebrates 50 year anniversary
SAN FRANCISCO, CA (April 21, 2022) — Wespay has reached a significant milestone as 2022 marks the association’s 50th anniversary. To commemorate this meaningful year, Wespay will host a series of activities to celebrate with its members the achievements of the last 50 years and the future potential of electronic payments. Celebrations with culminate at the association’s annual Payments Symposium on September 14-16, 2022 in Anaheim, California.
Wespay is believed to be the nation’s first non-profit association dedicated to the advancement of electronic payments. Originally formed by a small group of California bankers, the association has grown to over 900 members including financial institutions, third-party payments providers, and other organizations supplying payments-related services.
“The payments industry has evolved tremendously over the last 50 years, and I am proud that Wespay has been at the forefront, helping to shape that payments journey,” said William J. Schoch, President and CEO of Wespay. “We’ve experienced ripples of progress, leadership, and collaboration as we’ve partnered with our members, rules makers, regulators, and other associations. This is not only a landmark for Wespay, but also a milestone for electronic payments, and we look forward to continuing to shape the future of payments,” continued Schoch.
In 1972, the Special Committee on Paperless Entries (SCOPE) was converted into the California Automated Clearing House Association (CACHA), becoming the first ACH association in the United States. In 1974, CACHA joined with three other associations to form Nacha, and the CACHA ACH Rules were transferred to become the Nacha Operating Rules. In 1993, CACHA was renamed to Western Payments Alliance, now known as Wespay.
For more information on the history of Wespay, visit www.wespay.org. Stay up to date on various celebration activities by visiting our 50th anniversary web page.
About Wespay
Celebrating 50 years of payments expertise, Wespay is believed to be the nation’s first non-profit association dedicated to the advancement of electronic payments. Originally formed by a small group of California bankers, the association has grown to over 900 members including financial institutions, third-party payments providers, and other organizations supplying payments-related services.
“The payments industry has evolved tremendously over the last 50 years, and I am proud that Wespay has been at the forefront, helping to shape that payments journey,” said William J. Schoch, President and CEO of Wespay. “We’ve experienced ripples of progress, leadership, and collaboration as we’ve partnered with our members, rules makers, regulators, and other associations. This is not only a landmark for Wespay, but also a milestone for electronic payments, and we look forward to continuing to shape the future of payments,” continued Schoch.
In 1972, the Special Committee on Paperless Entries (SCOPE) was converted into the California Automated Clearing House Association (CACHA), becoming the first ACH association in the United States. In 1974, CACHA joined with three other associations to form Nacha, and the CACHA ACH Rules were transferred to become the Nacha Operating Rules. In 1993, CACHA was renamed to Western Payments Alliance, now known as Wespay.
