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2009 Payments Conference
Payments Pricing: Who Bears the Cost?


May 14, 2009 to May 15, 2009
Federal Reserve Bank of Chicago
230 S. LaSalle St.
Chicago, IL 60604
Third Floor Conference Center

Thursday, May 14, 2009 | Friday, May 15, 2009

Thursday, May 14, 2009
     
8:30 a.m.   Registration and Continental Breakfast

9:30 a.m.   Introduction and Welcome

  • Gordon Werkema, First Vice President and Chief Operating Officer, Federal Reserve Bank of Chicago
9:45 a.m.   Understanding How Payments Revenues and Consumer Choices Are Made

  • David Stewart, Senior Expert, McKinsey & Company
10:30 a.m.   Examples of Public Intervention

  • When should public authorities intervene in payment markets?
  • What are the costs and benefits of your regulations on pricing of payment instruments?
  • How do you balance private sector incentives to innovate with regulating payment services to improve consumer and merchant welfare?


  • Moderator
    Comments (PDF,83KB)
    • Wilko Bolt, Senior Economist, De Nederlandsche Bank
    Panelists
    Presentation (PDF, 318KB)
    • John Simon, Chief Manager, Payments Policy Department, Reserve Bank of Australia
    Presentation (PDF, 302KB)
    • Jose Negrin, Senior Economist, Banco de México
    Presentation (PDF, 382KB)
    • Jean Allix, Principal Administrator, European Commission
    12:00 p.m.   Luncheon

    1:30 p.m.   Comparing Perspectives on Market-Based Solutions

  • What are the challenges to pricing payments and how are they most effectively addressed?
  • How do security and consumer protection issues influence payments pricing?
  • How should industry players work with public authorities on these issues?


  • Moderator
    Comments (PDF, 117KB)
    • Duncan Douglass, Partner, Alston & Bird LLP
    Panelists
    • Wendy Sutton, Assistant Vice President and Director, Credit and Check Programs, The TJX Companies
    Presentation (PDF, 1.41MB)
    • Jean Ann Fox, Director of Financial Services, Consumer Federation of America
    • Josh Peirez, Group Executive, Innovation Platforms, MasterCard Worldwide
    • Michael A. Cook, Vice President and Assistant Treasurer, Wal-Mart Stores, Inc.
    3:15 p.m.   Break

    3:30 p.m.   Innovative Business Strategies

  • What factors most affect profitability of payments strategies?
  • How do smaller institutions define their role in the provision of payments services?
  • How do consumers and businesses react to incentives?


  • Moderator
    • Gene Amromin, Senior Financial Economist, Federal Reserve Bank of Chicago
    Panelists
    • Gloria Colgan, Senior Vice President, Marketing and Financial Institutions, Discover Network
    Presentation (PDF, 842KB)
    • Dwaine Kimmet, Vice President, Financial Services, The Home Depot
    • Steve Streit, Chief Executive Officer and Founder, Green Dot Corp
    Presentation (PDF, 2.56MB)
    • Steve Mott, Principal, BetterBuyDesign
    5:00 p.m.   Reception

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    Friday, May 15, 2009
         
    7:45 a.m.   Registration and Continental Breakfast

    8:45 a.m.   Introduction

    • David Marshall, Senior Vice President, Federal Reserve Bank of Chicago
    9:00 a.m.   Emerging Payments Media

  • How are business models different for emerging payments?
  • Do new technologies provide price incentives for payments participants?
  • In what ways do new payments vehicles threaten legacy systems?


  • Moderator
    Comments (PDF, 956KB)
    • Richard Oliver, Executive Vice President, Federal Reserve Bank of Atlanta
    Panelists
    Presentation (PDF, 366KB)
    • Dickson Chu, Vice President, Global Product and Experience, PayPal
    Presentation (PDF, 294KB)
    • Scott Grimes, Chief Executive Officer, Cardlytics
    Presentation (PDF, 3.1MB)
    • Richard Crone, Chief Executive Officer and Founder, Crone Consulting, LLC
    10:30 a.m.   Break

    10:45 a.m.   The Future of Payments: Public vs. Private Responses

  • What will be the two most important pricing issues in the payments market over the next three years?
  • What is the future role of public policy in payments?
  • Is the market better suited to address pricing challenges, and if so, what are the most effective market-based solutions?


  • Moderator
    • Sujit Chakravorti, Senior Economist, Federal Reserve Bank of Chicago
    Panelists
    Presentation (PDF, 278KB)
    • Eric Grover, Principal, Intrepid Ventures
    Presentation (PDF, 321KB)
    • Adam Levitin, Associate Professor of Law, Georgetown University Law Center
    • Mallory Duncan, Senior Vice President and Chief Counsel, National Retail Federation
    Presentation (PDF, 1.23MB)
    • Tom Brown, Partner, O'Melveny & Myers
    12:30 p.m.   Lunch

       

    Last updated: May 22, 2009

         
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