Save the Date: 2017 IRTA Convention

IRTA Convention News, IRTA News

IRTA is thrilled to announce that this year’s 38th Annual International Convention will be held at the 4.5 star all-inclusive Grand Oasis in Cancun, Mexico from September 14th to 16th, 2017. The incredibly affordable IRTA member convention rates include a per-person registration fee of $559 USD and 3-nights of all-inclusive rooms at 100% trade, (500 UC), with check-in on Sept. …

New IRTA Advisory Memo Released – Assets/Liabilities and 1099 Reporting

IRTA IRTA News

IRTA Releases New Advisory Memo on Proper Reporting of Assets and Liabilities of The Managing Exchange vs. The Exchange Members and IRS 1099 Reporting requirements regarding Client/Member Bad Debt Accounts IRTA’s Assets/Liabilities and 1099 Reporting Committee is pleased to release its new Advisory Memo titled, “Proper Reporting of Assets and Liabilities of the Managing Exchange vs. The Exchange Members & …

IRTA Receives Proclamation From The City of Portsmouth Virginia

IRTA Receives Proclamation From The City of Portsmouth, Virginia

IRTA IRTA News

IRTA was honored by the City of Portsmouth on January 20th, 2017 when Portsmouth Mayor, John Rowe, presented IRTA’s President & CEO, Ron Whitney, with a proclamation recognizing IRTA’s 10th Year Anniversary of being headquartered in Olde Towne Portsmouth, Virginia. The proclamation recognizes IRTA’s achievements and applauds Ron Whitney’s leadership efforts on behalf of IRTA as well as his support …

IRTA Chairman's Message - 2016 and Beyond

Chairman’s Message: 2016 and Beyond

IRTA IRTA News

On behalf of the IRTA Global Board of Directors, I’d like to thank all of you for your contributions to another very successful year. Some of the Board’s accomplishments this year will yield a more immediate return for the growth of this industry, but many of the achievements will provide guidance and security in the coming years, or even decades …

2016 IRTA David Wallach Award Scott Whitmer

Scott Whitmer Receives IRTA’s Prestigious 2016 David Wallach Outstanding Achievement Award

IRTA Convention News, IRTA News

David Wallach was one of the barter industry’s finest leaders and visionaries. David’s remarkable contributions to the barter industry spanned 30+ years. He served as IRTA’s President from September 2007 until March of 2011, at which time the IRTA Global Board of Directors unanimously named him President Emeritus of IRTA. David served as IRTA’s President Emeritus until his passing on …

IRTA Announces Award Recipients, Top UC Traders, New Board Members and Officers!

IRTA Convention News, IRTA News

IRTA recognized the outstanding contributions made by numerous industry professionals in 2016 at last month’s Hard Rock Riviera Maya convention. IRTA congratulates all of the following award recipients for their meritorious efforts to improve, preserve and protect the barter industry: Universal Currency (UC) also recognized these top 15 UC traders for the year: Additionally, the IRTA membership re-elected Scott Whitmer …

2016 IRTA Convention

The Reviews Are In – IRTA’s Riviera Maya Hard Rock Hotel Convention Maybe The Best Ever!

IRTA Convention News, IRTA News

IRTA’s 37th Annual International Convention in Riviera Maya is getting rave reviews from the attendees. Here’s what they are saying: IRTA is dedicated to preserving, protecting and enhancing all sectors of the barter industry. The mission of IRTA is to provide all industry members with an ethically based global organization, dedicated to the advancement of Modern Trade/Barter and other Alternative …

IRTA Model Membership Agreement

IRTA Releases New Updated Model Membership Agreement

IRTA IRTA News

A barter organization’s membership agreement and trading rules and regulations provide the foundation for the business relationship between the barter company and its participating members. The membership agreement defines the rights and obligations of each party to the agreement and sets the rules for trading within the system. Because of the importance of the membership agreement and trading rules and …

Hard Rock Room Block for 2016 IRTA Convention is Sold Out, BUT… Other Hotel Options Available

IRTA Convention News, IRTA News

The response to IRTA’s Hard Rock Riviera Maya convention has been fantastic. So much so that IRTA has sold-out its entire convention hotel room block. But don’t worry, you still can attend IRTA’s 37th Annual Convention by staying at a nearby Oasis Hotel, 100% on UC trade, or by booking the Hard Rock Hotel directly online for cash by going …

2016 IRTA Convention

IRTA Releases Convention Schedule

IRTA Convention News, IRTA News

IRTA is pleased to release this year’s program schedule for the 37th Annual International Convention at the 5-star all-inclusive Hard Rock Hotel in Riviera Maya. The program schedule is packed with incredible speakers and important seminars covering the most current topics and issues in our industry. To review IRTA’s 2016 convention program schedule, click HERE FOR ONLINE VERSION or HERE …

IRTA Convention 2016 Barter Hall of Fame Inductee Jack Schacht

Jack Schacht Selected as 2016 Barter Hall of Fame Inductee

IRTA Convention News, IRTA News

The Barter Hall of Fame Committee is pleased to announce that former Illinois Trade Association, (ITA), founder and CEO, Jack Schacht has been elected to receive the 2016 Barter Hall of Fame Award at IRTA’s 37th Annual International Convention at the Riviera Maya Hard Rock Hotel. Jack has over 40 years of barter, marketing, management and business leadership experience. He …

IRTA Convention Hard Rock Riviera Maya Oasis Cancun

IRTA Offers 8 Regional Oasis Hotels on Trade for Before or After This Year’s IRTA Convention!

IRTA Convention News, IRTA News

IRTA has negotiated an unprecedented arrangement whereby “shoulder rooms” before or after the 3-day IRTA Convention at the Hard Rock Riviera Maya will be offered on trade at any of eight select Oasis properties in the Cancun/Riviera Maya region! IRTA’s 37th International Convention is being held at the Hard Rock Hotel from September 22nd, 2016 to September 25th, 2016. Attendees …

Announcement: IRTA’s 37th Annual International Convention to be held at The Hard Rock Hotel in Riviera Maya!

IRTA Convention News, IRTA News

IRTA is thrilled to announce that this year’s 37th Annual International Convention will be held at the 5-star all-inclusive Hard Rock Hotel in Riviera Maya, Mexico from September 22nd to 24th, 2016. The incredibly affordable IRTA member convention rates include a per-person registration fee of $559 USD and 3-nights of all-inclusive rooms at 100% trade (500 UC), with check-in on …

IRTA Releases Advisory Memo on Cash Conversion and Lending Clauses in Membership Agreements

IRTA IRTA News

As IRTA pointed-out in its February 25th, 2016 Advisory Memo on Cryptocurrency and Money Transmitters, the financial/banking system is incorrectly categorizing barter exchanges as “money transmitters” similar to Bitcoin-like cryptocurrencies.  This misplaced characterization has resulted in banks and merchant service providers denying cash credit-line facilities and credit card processing services to all sectors of the barter industry. Additionally, some exchanges …

IRTA Releases Cryptocurrency Money Transmitter Advisory Memo

IRTA IRTA News

IRTA’s Money Transmitter Regulations Committee is pleased to release its “Cryptocurrency Money Transmitter Advisory Memo.” The advisory memo is an important educational tool to help alleviate the confusion in all sectors of the barter industry regarding the differences between barter industry trade credit practices and altcoin cryptocurrencies methodologies. The barter industry has seen recent practical negative ramifications resulting from the …

IRTA Adopts New Modernized Bylaws

Ron Whitney IRTA News

In an effort to keep pace with the latest advancements in non-profit corporate governance, the IRTA Global Board of Directors unanimously approved and adopted new modernized bylaws for IRTA on February 4th, 2016. The new IRTA bylaws are the result of a five month bylaw review process conducted by the IRTA Global Board and IRTA’s legal counsel, Carl Steinbrenner, Esq.

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IRTA Launches New Website

Ron Whitney IRTA News

In an effort to improve IRTA’s communication capabilities with IRTA members, all barter industry sectors, and the public at large, IRTA has launched its new, modernized website on January 21, 2016 at www.irta.com. The newly redesigned IRTA website provides access to a wealth of barter industry news, resource materials, and includes IRTA’s new advocacy section. The site provides complete indexing …

President’s Message – 2015 and Beyond

Annette Riggs IRTA News

In 2015, both IRTA and UC have seen exceptional growth, continually improved financials and IRTA has reached important milestones as an advocate for the barter industry. IRTA and UC exceeded revenue goals and anticipate substantial growth this year. With the new customized software system, UC will continue to enhance collaboration and inter-trade opportunities for the barter industry. On behalf of …

Complementary Economics Foundation Launches New Website

IRTA Complimentary Currencies, IRTA News

The Complementary Economics Foundation,(CEF) is pleased to announce the launch of its new website at www.ce-fdn.org Please visit us and stay informed about our progress and the latest news! CEF is also establishing a News Station in partnership with leading sources that will include more up to date information, news and trends in the trade/barter industry and the complementary currency …

IRTA Launches Convention Website

IRTA Events, IRTA News

IRTA has made it simple to get all the information you need about the Cabo San Lucas Convention THAT IS ONLY SIX WEEKS AWAY! Go to www.irtaconvention.com for everything you need to be in Cabo on September 17th!! Don’t miss the most important industry event of the year! Register Now by clicking HERE. If you have questions regarding the IRTA …

Bob Bagga Selected As 2015 Barter Hall of Fame Inductee

IRTA IRTA News

The Hall of Fame Committee is pleased to announce that Bob Bagga, Co-Founder, President and CEO of BizX with offices in Seattle, Oakland, and Dubai, has been selected to receive the 2015 Hall of Fame Award. This is the highest honor conferred by IRTA. The award will be presented at IRTA’s 36th Annual International Convention being held September 17th through …

Enter IRTA’s Cabo Convention Video Competition!

IRTA IRTA News

2015 IRTA Cabo San Lucas Video Competition All submissions will be reviewed and judged by a team of judges selected by IRTA and incorporate results received from social media. Theme: Modern Barter as a critical 21st Century Business Solution Prize Money: 1st Place: 3,000 UC 2nd Place: 2,000 UC 3rd Place: 1,000 UC

Complementary Economics Foundation Formed

IRTA IRTA News

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 …

President’s Message — 2014 and Beyond

Annette Riggs IRTA News

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 …

Universal Currency Receives IRS Ruling

IRTA IRTA News, UC News

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 …

UC Sets Trading and Cash Revenue Records in 2014

Ron Whitney IRTA News, UC News

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 …

IRTA’s Cancun Convention a Big Success!

IRTA IRTA News

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 …

BPS IPO a Success

IRTA IRTA News, Uncategorized

BPS Technology Limited successfully completed their IPO and will move forward with the development of a state-of-the-art software platform for Universal Currency Clearinghouse Inc. (UC). IRTA received the following message from BPS’s CEO, Trevor Dietz confirming the news: September 2, 2014 Dear All: I am pleased to announce that we have today completed the settlement of all contracts relevant to our …

Do Yourself a Favor — Never Miss an IRTA Convention!

IRTA IRTA News

Rolf Wilkin, owner of Local Trade Partners in Fayetteville, Arkansas got it right after last year’s IRTA Las Vegas Convention when he said: “This was my 4th IRTA Convention and the best ever! Outstanding seminars and networking second to none. Do yourself a favor and never miss an IRTA Convention!” With only four weeks left until this year’s convention, you still have time to do …

IRTA Receives Favorable Opinion from California Commissioner of Business Oversight

IRTA Barter Exchanges, IRTA News

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 …

Award Winning Speaker/Actress Dette Glashouwer Named Convention Speaker

IRTA IRTA News

The world renown, Amsterdam-based speaker and actress, Dette Glashouwer has been selected to be the keynote presenter at IRTA’s 35th Annual International Convention in Cancun, Mexico from September 25th through 27th, 2014 at the Grand Oasis Resort & Spa. At the time the financial crisis broke out, Dette Glashouwer had to close her theatre company. She became very interested in …

IRTA Weighs-In with The State of California to Protect the Barter Industry

IRTA Barter Exchanges, IRTA News

The California Bureau of Consumer Financial Protection (CFPB) is proposing changes to the California Money Transmitter Act 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 …

IRTA’s Las Vegas Convention Gets Rave Reviews

IRTA Events, IRTA News

IRTA’s 34th Annual International Convention at the five-star Venetian Resort Hotel has received rave reviews from the attendees. A record number of people attended IRTA convention! Here is a sampling of what they said: “An awesome convention!” —Mary Ellen Rosinski, Tradesource (Phoenix, Arizona) “This was my 4th IRTA Convention and the best ever! Outstanding seminars and networking second to none. Do …

This Year’s IRTA Convention Award Recipients

IRTA IRTA News

IRTA bestowed a number of awards to deserving recipients at its 34th Annual International Convention held from September 19th through 21st, 2013 at the Venetian Resort Hotel in Las Vegas. Annette Riggs received a President’s Excellence Award from the IRTA Global Board of Directors for her outstanding leadership and advocacy work on behalf of IRTA and the retail barter, complementary …

IRTA Assists Non-Profit Kenyan Complementary Currency Group

IRTA IRTA News

IRTA Assists Non- Profit Kenyan Complementary Currency Group Facing Forgery Charges Six members of the non-profit community based organization known as Koru-Kenya, http://koru.or.ke were recently arrested and are facing seven years in jail on forgery charges resulting from the creation of a complementary currency called Bangla-Pesa. The Bangla-Pesa program was developed to fight poverty in slum areas in an effort …

IRTA’s Purpose and Role

IRTA IRTA News

IRTA’s Purpose and Role: An Advocate for The Barter & Complementary Currency Industries Since 1979 The International Reciprocal Trade Association (IRTA), www.irta.com, was founded on August 31, 1979 to foster the common interests of the commercial barter industry in the United States and worldwide, and to uphold high standards of ethical business practice. IRTA works with governmental agencies, the media and barter and complementary currency organizations across …

Celebrity Kyle MacDonald Named Keynote Speaker for IRTA’s Las Vegas Convention

IRTA IRTA News

One Red Paperclip Celebrity Kyle MacDonald Named Keynote Speaker For IRTA’s Las Vegas Convention! IRTA is pleased to announce that the One Red Paperclip celebrity and author, Kyle MacDonald will be the keynote speaker at IRTA’s 34th Annual International Convention at the five-star Las Vegas Venetian Resort from September 19th through 21st, 2013. MacDonald became famous for trading his way …

IRTA Issues Advisory on Franchise and License Agreements

IRTA IRTA News

The growth of the barter industry has caused an increase in the number of “franchises”, “licenses” and “business opportunities” being offered by barter related organizations in an attempt to expand their geographic reach and brand. Barter industry members and consumers need to be cautious and perform extensive due diligence to assure the legitimacy of such offerings. In the U.S., when …

IRTA Member Qoin Co-Hosts 2nd International Conference

IRTA IRTA News

IRTA Member QOIN Co-Hosts the: 2nd International Conference on Complementary Currency Systems IRTA invites you to attend QOIN’s 2nd International Conference on Complementary Currency Systems to be held on June 21, 2013 in The Hague, The Netherlands. The event is part of a 5 day Conference including programs for academics and practitioners. At the Conference you will gain knowledge on cutting-edge systems …

Las Vegas Venetian Selected for IRTA’s 34th Annual International Convention

IRTA IRTA News

The International Reciprocal Trade Association (IRTA), the world’s leading association and advocate for the barter and trade industry, is pleased to announce its 34th Annual International Convention will be held at the five-star world renowned Las Vegas Venetian Resort Hotel from September 19th through 21st, 2013. The thirty-six story all-suites Venetian Resort Hotel sets the standard for upscale luxury suites and …

President’s Message: IRTA Completes Another Record Year

IRTA IRTA News

2012 was another great year for IRTA and UC as both organizations surpassed their numerous goals for the year. The IRTA Global board of Directors is proud to report the following notable accomplishments of 2012: UC trading set an all-time annual record of $6,525,976 for 2012 and topped the monthly million dollar trading mark in December of 2012 with $1,024,350 of trading. …

IRTA Completes Agreement with Bartercard International Group

IRTA IRTA News

IRTA Completes Agreement For Bartercard International Group To Pay 50% of Prior Licensee – Bartercard/USA’s Reciprocal Trade Accounts Universal Currency (UC) To Administer The Program IRTA is pleased to announce that it has completed an agreement with the new owners of Bartercard International Group (BIG) whereby they have agreed to pay 50% of the positive reciprocal trade balances that were owed to …

New UC Stimulus Program Announced

IRTA IRTA News, UC News

UC Announces New Stimulus Program — 1,000 Trade Dollar Rebate to UC Members! UC has been setting new trading records virtually every month this year and UC/IRTA wants to keep the positive momentum going! UC has a trade dollar surplus because it operates as a zero-balanced based inter-exchange system and maintains a healthy loan-loss reserve fund. As a result, the …

Press Release: Organized Barter Systems Growing to Alleviate Financial Stress

IRTA IRTA News

Portsmouth, VA – The current global recession has placed enormous financial pressure on every business sector, every level of government and virtually every individual on the planet. The prolonged economic downturn has tested peoples’ confidence in once-respected financial institutions and government-managed monetary systems. The recent proliferation of barter exchanges, community currency systems, online barter sites, government sponsored trade systems and …

IRTA Issues New Advisory Memo on Exchange Deficits

IRTA IRTA News

On March 28th, 2012 The IRTA Global Board of Directors approved a new comprehensive advisory memo titled “Guidelines & Recommendations for Barter Exchange Deficits.” The advisory memo explains how properly managed exchange deficits that fall within IRTA recommended guidelines can increase trade volume by “providing the right level of money supply sufficient to allow members to buy and sell freely …