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  and Barter Industry Since 1979
IRTA provides members with knowledge and ability to Collaborate and learn from industry professionals
Access a vast library of articles in the IRTA Knowledgebase and jump start your barter business
Raising awareness and value of industry Standards to enhance the entire Global Community.
Enhancing and building Trade Velocity through Reciprocal trading with a Universal Trade Currency.
Annual International Conventions foster Relationships and cooperation between exchanges worldwide.
 

RAISING THE BAR ON INDUSTRYETHICS & STANDARDS

IRTA, is committed to promoting just and equitable standards of practice and operation within the Modern Trade and Barter and other Alternative Capital Systems Industry, by raising the awareness and value of these processes to the entire Global Community.

Thursday, July 30, 2015
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Solmar Resort in Cabo San Lucas Selected For 36th Annual IRTA Convention

July 17, 2015

Convention Program Schedule Released!

Now is the time to register!! There are only 9 weeks until IRTA's 36th Annual International Convention at the five-star all-inclusive Solmar Resort in Cabo San Lucas, on September 17th through the 19th, 2015! You really need to book your airfare sooner rather than later if you want the best rates!

View Convention Schedule

 

June 23, 2015

 

Great Discounts Offered For IRTA's Cabo Convention! Bring More & Save More!  

Bringing your brokers to an all-inclusive five-star resort for IRTA's Convention is a fantastic, (& economical), way to reward your team for a job well done!

IRTA has made it even easier to have your star employees attend this year's Cabo San Lucas Convention by offering super discounts.

The discount plan is simple; for each broker that attends the 3-day convention package period, (beyond the owners), IRTA will offer a 10% discount, (on cash & trade), for the first broker, and a 15% discount for all additional brokers after that. The more of your team you bring - the more you save!

IRTA's 36th Annual International Convention is being held from September 17th through the 19th, 2015. The resort is being offered at the amazing 3-day/3-night rate of $559 cash and 500 UC trade per person, and there are shoulder rooms available to extend your stay 3 days before, and 3 days after the convention!*

Cabo San Lucas is a world-class special destination spot - you need to be there this year!

REGISTER NOW!

NOTE: The click-through link contains a new two-page digital registration form with automatic fill-ins to calculate the cash & trade totals. Make sure to click to page 2 on the panel to the left of the form to go to the auto-fill booking form.

For more information contact Ron Whitney, This email address is being protected from spambots. You need JavaScript enabled to view it. , (757-393-2292) or Patty Weston, This email address is being protected from spambots. You need JavaScript enabled to view it. , (407-951-6797).

* Shoulder rooms are subject to availability and are not included as part of the discount program.  All convention Solmar bookings must be made through IRTA. 


 

May 26, 2015

IRTA is thrilled to announce that this year's convention will be held at the five-star all-inclusive Solmar Resort in Cabo San Lucas, Mexico from September 17th through September 20th, 2015.

The incredible Solmar Resort is being offered at the amazing 3-day/3-night rate of $559 cash and 500 UC trade per person, and there are shoulder rooms available to extend your stay 3 days before the convention and 3 days after the convention at below internet cash rates*

The gorgeous Solmar Resort has a 93% approval rating on Tripadvisor and most reviews concur with this one:

 "Paradise!" Reviewed 6 days ago NEW 
"Stayed at this resort with friends for a week in May 2015. Amazing resort! The room had a breath taking view of the ocean and resort pools. The food from either restaurant is delicious, especially their breakfast buffets!"

Don't miss-out on this year's amazing 2015 convention - click HERE to register NOW!

NOTE: The click-through link contains a new two-page digital registration form with automatic fill-ins to calculate the cash & trade totals. Make sure to click to page 2 on the panel to the left of the form to go to the auto-fill booking form.

For more information contact Ron Whitney,  This email address is being protected from spambots. You need JavaScript enabled to view it.  (757-393-2292) or Patty Weston,  This email address is being protected from spambots. You need JavaScript enabled to view it. , (407-951-6797).

Register for the Convention     See you in Cabo in September!

* Shoulder rooms are available subject to availability. All convention Solmar bookings must be made through IRTA - any attendees who book directly through Solmar and not through IRTA will be subject to a per person $795 cash and 600 UC registration fee.

Complementary Economics Foundation Formed

April 29, 2015 

Complementary Economics Foundation Formed To Provide Education, Training and Support Services for Innovation in the Modern Trade and Alternative Capital Systems Sectors 

IRTA is pleased to announce that it played a facilitating role in the creation of the Complementary Economics Foundation (CEF) a U.S. based non-profit, IRS
approved tax exempt 501(c)(3) organization. As a result, the CEF is able to accept tax deductible donations in both cash and trade.

The CEF will provide international education for legal and sustainable commercial and non-commercial, community based mutual credit clearing systems that provides an important alternative marketplace for NGO's, non-profits, businesses and consumers. Included under the complementary economics umbrella are barter companies that deal in larger corporate trades and countertrade organizations that utilize various forms of barter as a mechanism for transacting multi-country import and export activities. 

The CEF's mission is to provide meaningful education, public awareness and support services for all of these sectors in an effort to improve their effectiveness in benefiting and strengthening economies and encouraging next generation participation to innovate in these fields.

For more information about the CEF contact: Annette Riggs at 303-945-2443 or This email address is being protected from spambots. You need JavaScript enabled to view it.

President's Message - 2014 & Beyond

January 23, 2015

 

2014 was a great year for IRTA and UC, as both organizations surpassed their goals for the year. While we have enjoyed a number of achievements and successes, 2014 presented a few challenges as well.

 

We have seen exceptional growth, continually improved financials and reached important milestones as an advocate for the barter industry.

 

Resolving an increasingly problematic issue for UC and the industry in the U.S., IRTA obtained a favorable IRS Private Letter Ruling, which stated that as a pass-through entity UC does not have to provide 1099B's to UC member exchanges, based on the fact that to do so would represent duplicate 1099ing of the same barter transaction. The guidance IRTA has derived from UC's PLR confirms IRTA's long held position that barter exchanges do not have to submit 1099B's in direct reciprocal situations since both barter exchange participants in a direct reciprocal arrangement are in fact acting "as the clearinghouse between two barter exchanges to effect sales on behalf of their respective clients."

 

IRTA responded to concerns regarding new state financial regulations concerning Money Transmitters as a result of the rise of cryptocurrencies and the potential impact on other complementary currencies including barter/trade currencies. We have hired a D.C. based law firm to help us stay apprised of new legislation so that IRTA can respond as it has already in California and New York. We have several IRTA members watching similar activity in other international jurisdictions so that we are ready to take action when necessary.

 

IRTA wrote an opinion for the State of California to exclude "barter exchanges" as money transmitters and after educating the state regarding the history of our industry, we received a favorable opinion back confirming the same.  We issued another opinion to the State of New York's Financial Services Division on October 16th, 2014 requesting that NY State exclude barter exchanges from any definition of virtual currencies. 

 

UC trading set an all-time annual record of 11,346,750 million for 2014, (a 32% increase over 2013). UC's 2014 cash revenue was up 21% over 2013's revenue, and IRTA's cash revenue in 2014 was 6% greater than 2013's revenue.

 

On behalf of the IRTA Board of Directors, I want to give special thanks to Ron Whitney for his accomplishments and unwavering dedication in 2014 despite a prolonged and unprecedented campaign to undermine his hard work and the stability of the association as a whole. Since 2007 when Ron accepted the position as Executive Director of IRTA, he has more than tripled the membership in both IRTA and UC and more than doubled the trade volume in UC. His results speak for themselves, but as most of you know, he is most importantly a trusted advisor, colleague and friend. From dispute resolutions to very large tax abatements that he secured in 2014 on behalf of IRTA members, he continually demonstrates that IRTA is not a cost, but an investment for every trade exchange that pays dividends financially and professionally.

 

Our goals in 2015 are to continue to grow the memberships of IRTA and UC and roll out more initiatives to better serve the Trade, Barter and Alternative Capital Systems Industry. BPS Technologies will provide a state-of-the-art barter software technology to UC in March of 2015 with a live roll out expected in April of 2015. IRTA has been working closely with the IT team to contribute to the development of the software and BPS is making a significant investment in the technology to provide a state of the art system.  

 

The Board of Directors will meet in late February for its annual two day planning meeting to evaluate and set the next steps and goals for IRTA and UC, so stay tuned! 

 

Our industry faces many challenges on an ongoing basis so it is by your participation and working together in constructive ways that we will all improve and thrive.

 

Best wishes for success in the New Year!

 

Sincerely,

 

Annette Riggs

President, IRTA & UC

Universal Currency Receives IRS Ruling

January 19, 2015

Universal Currency (UC) Receives IRS Ruling Exempting It From 1099B Reporting Requirements Due to Clearinghouse Role of UC 

 
Influences 1099B Reporting Requirements For Exchanges' Internal Direct Recip Accounts 

IRTA's global inter-exchange trading platform, Universal Clearinghouse Inc. (UC) received a Private Letter Ruling (PLR) from the IRS on January 8th, 2015 stating that:

"UC does not have a reporting requirement under Section 6045 of the Internal Revenue Code with regard to transactions in which it acts in its capacity as the clearinghouse between two barter exchanges to effect sales on behalf of their respective clients."

 

The IRS's UC PLR confirms that UC is not required to issue 1099B's because UC acts as a clearinghouse for transactions in which the UC
exchange members' selling clients have already received a 1099B from their respective UC member exchange. If UC were to 1099B a UC transaction between UC member exchanges, it would result in unnecessary double IRS 1099B reporting of the same transaction. 

While IRS PLR decisions apply only to the party that requested the PLR, private letter rulings are customarily used by taxpayers and the government for guidance.

IRTA requires that all IRTA exchange members comply with IRS 1099B Reporting Requirements.  In this instance, the guidance IRTA has derived from UC's PLR confirms IRTA's long held position that barter exchanges do not have to submit 1099B's in direct recip situations since both barter exchange participants in a direct recip arrangement are in fact acting "as the clearinghouse between two barter exchanges to effect sales on behalf of their respective clients."  

Read the entire IRS PLR for UC

Read UC's PLR submission letter to the IRS

If you have any questions regarding this matter, please contact IRTA's Executive Director, Ron Whitney at This email address is being protected from spambots. You need JavaScript enabled to view it. or 757-393-2292.

UC Sets Trading and Cash Revenue Records in 2014

January 12, 2015

UC set an all-time annual trading record of 11,346,750 in 2014, (a 32% increase over 2013), and UC set an all-time monthly trading record of 1,372,659 in January of 2014.

UC's 2014 cash revenue was also up 21% over 2013's revenue.

These impressive results are a testament to the strength of UC.

Thank you to all our UC members for helping make 2014 the best year in the 17 year history of UC!!

Kindest regards, Ron & Patty

IRTA's Cancun Convention a Big Success

 

October 3, 2014

Membership Applauds IRTA & UC's Accomplishments & Global Board Re-Elects Annette Riggs as President

 

IRTA's 35th Annual International Convention in Cancun, Mexico was a resounding success as representatives from trade organizations around the globe rallied in support of IRTA and UC's thirty-five years of meaningful accomplishments for the barter industry.

The convention was opened by world renowned actress Dette Glashouwer, who dazzled the audience with her creative presentation on the history of money, central banks and barter. Seminars on complementary currencies, FINCEN rulings, proper deficit management, sales & broker training, real estate trading and UC were all well attended.

The IRTA annual meeting reviewed IRTA and UC's 2014 financials. The Treasurer distributed the Financial Reports and provided an overview of challenges and successes before opening the discussion to the members for a Q&A session. So far in 2014 twenty new members joined IRTA and there has been record setting UC trading and UC cash revenues for the year. Despite a software conversion and other challenges in September, UC set a trading record for the month of September with 637,204.02 of trading, thereby exceeding 2013's total annual trade volume of 8,598,461.70, after only three quarters in 2014, with one full quarter of trading still to go in 2014.

"It really was a great convention, with a lot of camaraderie and warm feelings of good will and support from everyone who attended," said IRTA Executive Director Ron Whitney.

The IRTA membership re-elected John Strabley, (IMS, Milwaukee, Wisconsin), Mary Ellen Rosinski, (Tradesource, Phoenix, Arizona), and Scot Mathewson, (iTradeearth, Cayey, Puerto Rico), to the Global Board of directors and also elected new board members Chong Kee Tan, (Bay-Bucks, San Francisco, CA), and Steve Zadrick, (WorldtradeX, Ocala, Florida).

The IRTA Global Board re-elected Annette Riggs to another two-year term as President of IRTA and also re-elected Mary Ellen Rosinski as Treasurer of IRTA. New board member Chong Kee Tan was elected to serve as IRTA's Secretary. Scott Whitmer, IRTA's Vice-President, retained his VP seat as his VP term runs through September of 2015. 

The Cancun Convention was capped-off by the Annual Awards Dinner that honored Michael Mercier of Metro Trade in Detroit, Michigan with the Barter Hall of Fame Award. Other key awards were received by Bruce Kamm, (Paul St. Martin Award), Vern Ulery and Richard Harris, (Legends of Barter Award), and Diane Gasper for 2014 UC Broker of the Year.

IRTA and UC congratulate all the 2014 award winners and looks forward to another year of tremendous growth in both IRTA and UC as well as reaching important industry advocacy goals.

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IRTA Member News and Information

 
 

VirtualBarter launches FixXchange.

FixXchange, a new member service, empowers 30,000 FixxBook contractors to trade their services and excess inventories with select US barter exchange members.

Read More

iTradeEarth launches new website.

iTradeEarth, in its quest to provide its members with an exicting, intuitive, online user experience, launched its new website and trading platform to rave member reviews.

Read More
 

PCI Compliance

Recent Payment Card Industry (PCI) standards require organizations that accept credit and debit cards to follow new strict guidelines for the handling of credit and debit card information so as to prevent credit and debit card fraud. The new PCI standards clearly apply to barter exchanges and/or community currency organizations.

Specifically, the common practice of emailing or faxing member credit card information on travel requests is not compliant. The solution is to have the member call the hotel or property directly with their cc info after confirmation. It will go directly into their computer system without a document being passed from person to person in an unsecure manner.

Non-compliant companies who maintain a relationship with one or more of the card brands, either directly or through an acquirer, risk losing their ability to process credit card payments and being audited and/or fined..

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UC SETS ALL-TIME MONTHLY TRADING RECORD!

June 1, 2015

UC's CUSTOMIZED NEW SOFTWARE TO ROLL-OUT SOON! 

UC posted 1,729,772 of trading in May, 2015 - smashing the prior monthly trading record from January 2014 by 357,112!

A special UC thanks Worldtradex, IMS, Greenapple and Northwest Barter Brokers for processing their large media deals through UC!

UC is excited to report we are in the demo phase of the new customized UC software. We are running parallel systems for the entire month of June to make sure it is fully operational - with the intent of going LIVE on July 1st, 2015!

Thank you for your patience while we've been working-on the new software! We are excited to roll it out for you in the near future!!

 

Bartering Helps Small Businesses Conserve Cash

April 27, 2015

Bret Hughes, owner of Seaside Grill, bartered restaurant certificates for a bathroom repair for his restaurant.

View the Sun Sentinel Article

BPS Technology to Enter China with BarterCard

January 29, 2015

View the Media Release

IRTA's Executive Director, Ron Whitney Interviewed on BarterTown Radio

November 1, 2014

IRTA Global Board/UC Committee

October 4, 2014: Report on Universal Currency (UC)

Read the Full Report

IRTA Receives Favorable Opinion From CA Commissioner of Business Oversight

June 30, 2014

Barter Exchanges Do Not Need To Be Licensed Under CA Money Transmitter Act  

The global proliferation of Bitcoin and other crypto-currencies has caused many governmental agencies to review their financial code sections that relate to money transmission reporting requirements.

Since the FinCEN advisory was released last year, there has been great concern and confusion in the barter industry. Some state governments are reviewing their own codes. There is concern that such reviews might result in new code revisions that could be written in a manner so as to restrict, or even eliminate the organized barter business model in multiple jurisdictions.

In the Spring of 2014, IRTA became aware of the State of California's intent to revise their Money Transmission Act, (MTA), Financial Code Section 2000. IRTA initiated contact with the California Department of Business Oversight, (CDBO), and then submitted its position and explanation on why barter exchanges are not Bitcoin-like crypto-currencies, and as such should not be covered by the California MTA.

Click HERE to read IRTA's April 25, 2014 letter to the CNBO.  

On June 26, 2014, CDBO Commissioner, Jan Lynn Owen, and Senior Legal Counsel, Jennifer Rumberger, Esq. wrote IRTA to confirm that "barter exchanges do not need to be licensed under the CA Money Transmitter Act. Commissioner Owen and Senior Counsel Rumberger based their opinion on the following important points; 1) Since barter exchanges act as third party record keepers, they do not "receive money for transmission", 2) barter exchanges are not an "issuer of stored value", and 3) barter exchange trade credits are not redeemable for cash. 

Click HERE to read the CDBO's June 26, 2014 opinion letter to IRTA.

IRTA President, Annette Riggs reiterated the importance of the CBDO's opinion regarding barter exchanges not falling under the CA Money Transmitter Act by saying: 

"IRTA was assured from FinCEN last year that their advisory on Money Transmitter reporting requirements was not intended to include the barter industry. The recent reviews by various states has required us to pay close attention to how the state codes are being written. The response that IRTA received from the CBDO sets an important precedent and makes a clear distinction between the barter industry and the growing crypto-currency sector that is required to meet reporting requirements as Money Transmitters. All member agreements and methodologies that trade/barter exchanges use need to be in accordance with our status as 3rd party record keepers. The upcoming 35th Annual Convention in Cancun, September 25 - 27 will be a great opportunity to discuss this in detail and review the model contract that IRTA is revising to assure that exchanges don't compromise the legal status obtained in 1982 in the TEFRA Act." 

Latest Industry Advocacy By IRTA

April 25, 2014

IRTA Weighs-In With The State Of California To Protect The Barter Industry

The California Bureau of Consumer Financial Protection (CFPB) is proposing changes to the California Money Transmitter Act (CMTA) that could negatively impact the U.S. and international barter industry.

Therefore, IRTA has written a letter to the Legal Division of the California Department of Business Oversight in an effort to explain the history of our industry and to request that any changes to the CMTA will not characterize barter exchanges as "money transmitters," thereby excluding barter exchanges from any potentially restrictive language.

Click the button below to read the complete letter from IRTA Executive, Ron Whitney's April 25, 2014 communication to the State of California.  

View the Letter to the
State of California

Newsflash!

AUGUST 25, 2013 BULLETIN:
Charges Against Bangla-Pesa Dropped

 

The Kenyan Director of Public Prosecutions announced on August 23, 2013 that all charges against the Bangla-Pesa poverty reduction complementary currency program.

IRTA played an important role in the appeal process with the submission of Annette Rigg's June 4, 2013 letter to Kenyan government officials in support of the Bangla-Pessa program as "perfectly acceptable and legal form of commerce" that would "facilitate more exchange within the Bangladesh community and help the local economy.

Read the Announcement About the Charges Being Dropped

View Letter from IRTA's President Annette Riggs

Newsflash!

JUNE 27, 2013 BULLETIN:
IRTA Assists Non-Profit Kenyan Complementary Currency Group Facing Forgery Charges  

 

Six members of the non-profit communitybased organization known as Koru-Kenya, were recently arrested and are facing seven years in jail on forgery charges resulting from the creation of a complementary currency called Bangla-Pesa. 

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Contribute to the Kenyan Bangla-Pesa Program

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