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Competitive Forces Shaping the Payments Environment: What's Next?
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| 8:30 a.m. |
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Registration and Continental Breakfast
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| 10:00 a.m. |
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Introduction and Welcome
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Michael H. Moskow,
President and Chief Executive Officer, Federal Reserve Bank of Chicago
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| 10:15 a.m. |
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The Future of Payments: Challenges and Opportunities
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Randall S. Kroszner,
Governor, Board of Governors of the Federal Reserve System
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| 10:45 a.m. |
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Competing for Consumer and Merchant Payment Choices
Moderator
Presentation (PDF,102KB)
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William H. McCracken,
Chief Executive Officer, Synergistics Research Corporation
Speakers
Presentation (PDF,42KB)
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Ron Borzekowski,
Economist, Board of Governors of the Federal Reserve System
Presentation (PDF,319KB)
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Gary Charboneau,
President, WGC Associates LLC
Presentation (PDF,272KB)
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Ronald V. Congemi,
Senior Vice President, Strategic Industry Relations, First Data Corporation
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- How do payment service providers influence consumer and merchant preferences?
- How has consumer demand for features and functionality evolved in relation to payment instruments?
- Can merchants reconcile cost containment with consumer insistence on being able to use any payment instrument?
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| 12:15 p.m. |
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Luncheon
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| 1:45 p.m. |
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Get Out Your Phone, Not Your Wallet: Mobile Payments in the U.S.
Moderator
Presentation (PDF,158KB)
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Edward Kountz,
Senior Analyst, Payments and Financial Services, JupiterResearch
Speakers
Presentation (PDF,499KB)
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Dion Lisle,
Vice President, Business Development, Obopay, Inc.
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Niki Manby,
Senior Vice President, Product Innovations, Visa USA
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Spencer White,
Director, Mobile Financial Services and Business Development, Cingular (part of the new AT&T)
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- What can the domestic market learn from international providers of mobile payments?
- What partnerships are needed for mobile payments to grow to scale?
- What are the security challenges that must be addressed for mobile payments to be successful?
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| 3:15 p.m. |
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Break
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| 3:45 p.m. |
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Payment Substitutes in Traditional Cash Environments
Moderator
Presentation (PDF,29KB)
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Richard D. Porter,
Vice President and Senior Policy Advisor, Federal Reserve Bank of Chicago
Speakers
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Norma I. Reyes,
Commissioner, Department of Consumer Services, City of Chicago
Presentation (PDF,336KB)
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Jim Turner,
Vice President and Channel Manager, Intelligent Vending, USA Technologies, Inc.
Presentation (PDF,281KB)
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Michael D. Litton,
Director of Marketing and Client Applications, Giesecke & Devrient America Inc.
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- What are the characteristics of cash that are difficult to mimic in other payment forms?
- What are the main factors driving the adoption of payment alternatives?
- How have the relative costs and benefits of cash changed as a result of greater availability of payment alternatives?
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| 5:15 p.m. |
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Reception
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| 7:45 a.m. |
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Continental Breakfast
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| 8:30 a.m. |
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Welcome and Introduction
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Charles L. Evans,
Senior Vice President and Director of Research, Federal Reserve Bank of Chicago
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Retailers' Entry into Banking and Payments: Much Ado about Nothing?
Moderator
Presentation (PDF,79KB)
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Tara Rice,
Financial Economist, Federal Reserve Bank of Chicago
Speakers
Presentation (PDF,428KB)
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Steve Worthington,
Professor of Marketing, Faculty of Business and Economics, Monash University
Presentation (PDF,2.13MB)
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Dave Martin,
Executive Vice President and Chief Training Officer, NCBS
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Hamed Shahbazi,
Chairman and Chief Executive Officer, TIO Networks Corporation
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- What factors contribute to successful retail/banking partnerships?
- What are the pros and cons of a retail firm offering payment products to its customers?
- Are alternative providers filling new niches or competing directly with banks for retail banking customers?
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| 10:00 a.m. |
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Break
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| 10:15 a.m. |
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Introduction
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Gordon Werkema,
First Vice President and Chief Operating Officer, Federal Reserve Bank of Chicago
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Competition in the Payments Space
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Frank G. D'Angelo,
President, Payment Solutions Group, Metavante Corporation
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| 10:45 a.m. |
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Remittance Products as an Entry Point for New Customers
Moderator
Presentation (PDF,370KB)
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Manuel Orozco,
Director of Remittances and Development, Inter-American Dialogue
Speakers
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Joseph Cachey III,
Senior Vice President, AML Global Compliance, The Western Union Company
Presentation (PDF,766KB)
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James P. Maloney,
Chairman of the Board, Mitchell Bank
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Michael A. Frias,
Community Affairs Officer, Federal Deposit Insurance Corporation
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- How does demand vary for different types of remittance platforms?
- How do product innovation and industry consolidation affect the competitive landscape of the remittance market?
- What are the regulatory considerations related to remittances?
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| 12:15 p.m. |
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Closing Remarks
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Sujit Chakravorti,
Senior Economist, Federal Reserve Bank of Chicago
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| 12:30 p.m. |
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Luncheon
Last updated: July 17, 2007
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