2005 Payments Conference
May 18, 2005 to May 19, 2005
Federal Reserve Bank of Chicago
230 South LaSalle Street
Chicago, IL 60604-1413
Third Floor Conference Center
Wednesday, May 18 | Thursday, May 19
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| 8:00 a.m. |
Registration |
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| 9:40 a.m. |
Introduction and Welcome |
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Charles L. Evans
Senior Vice President and Director of Research, Federal Reserve Bank of Chicago |
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| 9:45 a.m. |
Innovations Keynote Address |
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Jeffrey D. Jordan
President, PayPal, Inc.
Presentation (PDF,225KB) |
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| 10:15 a.m. |
Panel I: The Evolving Payments Landscape
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Moderator
Oliver I. Ireland
Partner, Morrison and Foerster, LLP
Thomas Brown
Vice President and Senior Counsel, Visa USA, Inc.
Presentation (PDF,378KB)
Ronald J. Mann
Professor, University of Texas School of Law
Presentation (PDF,23KB)
Alan S. Frankel
Senior Vice President, Lexecon, Inc.
Presentation (PDF,92KB) |
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- What are the challenges to developing and sustaining winning payment strategies given the current legal and regulatory framework?
- How do differences in regulation among payment instruments promote or inhibit the migration to a more efficient payment system?
- How does competition within payment network industries differ from other industries?
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| 11:45 a.m. |
Lunch |
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| 1:30 p.m. |
Incentives Keynote Address |
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Introduction
Richard D. Porter, Senior Policy Advisor and Vice President, Federal Reserve Bank of Chicago
Keynote Address
Eric Tai, Chief Executive Officer, Octopus Cards, Ltd.
Presentation (PDF,781KB)
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| 2:00 p.m. |
Panel II: Cash Substitution
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Moderator
Leo Van Hove
Associate Professor, Free University of Brussels
Presentation (PDF,276KB)
Scott Okun
I-PASS Manager, Illinois State Toll Highway Authority
Presentation (PDF,542KB)
Richard Lautch
Vice President and Treasurer, Starbucks Coffee Company
Presentation (PDF,311KB)
Barbara Straw
Program Director Navy Cash Card, United States Navy
Presentation (PDF,882KB)
Volker Koppe
Marketing Director GeldKarte, Euro Kartensysteme GmbH
Presentation (PDF,832KB)
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- How do you encourage the adoption of non-cash payment alternatives?
- What are the main opportunities in adopting general purpose cash substitutes?
- Is cost reduction, customer retention, product differentiation or some other factor the main impetus for the emergence of cash substitutes?
- What are the most promising emerging technologies?
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| 3:30 p.m. |
Break |
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| 4:00 p.m. |
Panel III: Corporate Payments
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Moderator
Cathryn R. Gregg
Partner, Treasury Strategies, Inc.
Presentation (PDF,502KB)
Felix Rodriguez
Vice President and Treasurer, Illinois Tool Works, Inc.
Presentation (PDF,2.8MB)
Andrea S. Klein
Vice President, Oracle Corp.
Presentation (PDF,298KB)
James S. Greene
Vice President, Cisco Systems, Inc.
George F. Thomas
Executive Vice President, The Clearing House Payments Company
Presentation (PDF,266KB)
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- What technological solutions do financial institutions and solution providers offer to improve your payment strategies?
- What are the greatest challenges to implementing more efficient payment solutions?
- How are standard-setting bodies enabling the adoption of electronic payment processes?
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| 5:30 p.m. |
Reception |
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| 7:45 a.m. |
Continental Breakfast |
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| 8:45 a.m. |
Federal Reserve Keynote Address |
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Introduction
Michael H. Moskow
President and Chief Executive Officer, Federal Reserve Bank of Chicago
Keynote Address
Mark W. Olson
Governor, Board of Governors of the Federal Reserve System
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| 9:15 a.m. |
Panel IV: Check Substitution: End-Users' Perspective |
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Moderator
David A. Balto
Partner, Robins Kaplan Miller & Ciresi, LLP
Denis Bouchard
Director, Wal-Mart Stores, Inc.
Paul Tomasofsky
Two Sparrows Consulting, LLC
Presentation (PDF,96KB)
James Pittman
Senior Director, BellSouth Corporation
Presentation (PDF,185KB)
Sergio Gargurevich
Director, PHH Mortgage Company
Presentation (PDF,225KB) |
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- How do payment strategies rank in your overall corporate priorities?
- How do you educate and motivate consumers to use your preferred payment instrument?
- How well are providers and networks supporting your payments strategies?
- What is the most promising emerging payment technology?
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| 10:45 a.m. |
Break |
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| 11:15 a.m. |
Panel V: Check Substitution: Payment Processors' Perspective
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Moderator
Peter Soraparu
Executive Director, Bank Administration Institute
Presentation (PDF,162KB)
Steve Ellis
Executive Vice President, Wells Fargo & Co.
Presentation (PDF,204KB)
Jeff Vetterick
Executive Vice President, Endpoint Exchange
Presentation (PDF,1.17MB)
Maria Mandler
Managing Director, Citigroup, Inc.
Presentation (PDF,4.84KB)
R. Scott Hatfield
President and Chief Operating Officer, DebitMan, Inc
Presentation (PDF,1.85MB) |
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- How are you enhancing the efficiency of the check processing network?
- What are your main challenges in increasing your payments volume?
- How will your role change as the payment system evolves?
- Will banks and nonbanks continue to provide differentiated payment products in the future?
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| 12:45 p.m. |
Closing Remarks |
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Sujit Chakravorti, Senior Economist, Federal Reserve Bank of Chicago |
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| 1:00 p.m. |
Lunch |
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