2005 Payments Conference

The Chicago Fed hosted its fifth payments conference entitled, "Innovations, Incentives and Regulation: Forces Shaping the Payments Environment," May 18–19, 2005. This conference explored recent trends in the adoption of payment technologies along with the underlying market forces shaping the payments environment. The conference addressed questions such as:

What emerging innovations have the greatest potential to improve the payment system?
Why have certain payment innovations been successful while others have not?
How does the current legal and regulatory framework affect the adoption of efficient payment mechanisms?

The discussion opened on Wednesday, May 18, at 9:30 a.m. with a conference opening keynote address on innovation by Jeffrey D. Jordan, President of PayPal. Eric Tai, Chief Executive Officer of Hong Kong-based Octopus Cards, delivered the luncheon keynote address on incentives for adopting new payments solutions. Federal Reserve Governor Mark W. Olson began proceedings on Thursday, May 19, at 8:30 a.m. with a keynote address on the role of regulation in payments.

The conference featured five moderated panels on the evolving payments landscape, corporate payments, cash substitution with electronic alternatives such as stored value cards, check substitution with electronic debit and credit payments and improvements in check processing including electronic bill payments, accounts receivable conversion payments and check imaging.

Speakers included representatives from Wal-Mart, Starbucks, BellSouth, Illinois Tool Works, Cisco Systems, Illinois State Toll Highway Authority, the U.S. Navy, Citigroup, Wells Fargo, PHH Mortgage, The Clearing House Payments Company, Visa USA, GeldKarte, Endpoint Exchange, DebitMan and Oracle along with leading payments experts such as David Balto, Alan Frankel, Cathryn Gregg, Oliver Ireland, Ronald Mann, Pete Soraparu, Paul Tomasofsky and Leo Van Hove.

Susan Parren
(312) 322-4021
E-mail

Agenda

Payments Conference Series