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Symposium on Immediate Funds Transfer for General-Purpose Payments

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September 6-7, 2011

 

Immediate Funds Transfer (IFT) essentially extends the benefits of real-time gross settlement to individuals, businesses and governments at low cost. Our symposium will consider the potential of this innovative method of payment for improving the U.S. payment system, learning from other countries and evaluating the challenges in making such a leap in the U.S. We will also take up public policy questions that are stimulated by this type of innovation.

 

Join us to discuss this topic with a select group of leaders from the U.S. payments industry as well as from countries that have implemented IFT.

 

Please visit this website to view updates to conference information and the agenda.

 

For more information or to register, please contact Sandy Schneider.

09/06/11
5:00 PM
Reception (Federal Reserve Bank of Chicago)
09/07/11
8:00 AM
Breakfast
9:00 AM
Opening Remarks

Gordon Werkema,  First Vice President and Chief Operating Officer,  Federal Reserve Bank of Chicago

9:15 AM
Session 1: Keynotes on International Experiences with Immediate Funds Transfer

Facilitator

Bruce J. Summers,  Former Director,  Federal Reserve Information Technology

Speakers

Marion King,  Chief Executive Officer,  VocaLink

Ricardo Medina-Alvarez,  Director of Payment Systems,  Banco de México

  • Presentation
10:45 AM
Break
11:00 AM
Session 2: Consumer Demand for Immediate Funds Transfer Service in the U.S.

Facilitator

Kirstin Wells,  Business Economist,  Federal Reserve Bank of Chicago

Speakers

Tony Catalfano,  Division President, Digital Payments,  Fiserv, Inc.

Paul Grill,  Partner,  First Annapolis Consulting, Inc.

Vipul Shah,  Global Head of Core Payments,  PayPal

12:00 PM
Luncheon Keynote

Jeffrey Lacker,  President,  Federal Reserve Bank of Richmond

1:30 PM
Session 3: Business Demand for Immediate Funds Transfer Service in the U.S.

Facilitator and Speaker

Christopher Huppert,  Senior Vice President,  Wells Fargo Wholesale Internet and Treasury Solutions Group

Speakers

Lauren A. Hargraves,  Senior Vice President and Manager,  Federal Reserve Wholesale Product Office

Sheryl R. Morrow,  Assistant Commissioner, Financial Management Service,  U.S. Department of the Treasury

Jon Wells,  Director of Banking and Cash Management,  Allstate Insurance Company

2:30 PM
Break
2:45 PM
Session 4: Implementation Considerations

Facilitator and Speaker

Russ Waterhouse,  Executive Vice President,  The Clearing House

Speakers

B. C. Krishna,  President and Chief Executive Officer,  MineralTree

Liz Oakes,  Director of Industry Relations,  VocaLink

3:45 PM
Session 5: Summary and Next Steps

Speaker

David Marshall,  Senior Vice President, Associate Director of Research and Director of Financial Markets Group,  Federal Reserve Bank of Chicago

 

Conference will adjourn at 4:30 p.m.

 

 

Last Updated: 08/18/2011

Background Information

Resources and information that provide context to the symposium.

Event Information
Date
09/06/11 - 09/07/11
Location
Federal Reserve Bank of Chicago
Third Floor Conference Center
230 S LaSalle St
Chicago, IL 60604