Every time you swipe a credit card, there’s a good chance that transaction goes through the networks companies in Georgia.
Gysel Velasco, from Jonesboro, pays for breakfast with her debit card. People pay for purchases at McDonalds on Ashford Dunwoody Dr. in Atlanta. While some paid with credit or debit cards, most appeared to pay with cash. Thurs, Dec. 23, 2010 Bob Andres bandres@ajc.com
Paying is an easily forgotten act. A simple swipe here, a tap on a smartphone app there. Maybe it’s a gift card you got for your birthday. But it means big business for the Peach State, and economic development officials want to keep it that way.
In recent years, the payments and financial technology industries have moved from relative afterthoughts to an industry at the forefront of state and local business recruiting and retention efforts. It complements other key Georgia industries, such as cyber security, telecommunications and health care information technology.
“We have become an innovation center in the United States,” said Chris Carr, Georgia’s economic development chief.
Read more about the state's recruitment of financial technology or "FinTech" companies at our subscriber website, MyAJC.com, or in a future edition of The Atlanta Journal-Constitution.
