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The New Face of Retail Payments: Markets, Strategies and Regulations
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The New Face of Retail Payments: Markets, Strategies and Regulations

  • Overview
  • Speakers
  • Agenda
  • Accommodations
  • Conference Materials
  • Registration
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Eleventh Annual Payments Conference

The Federal Reserve Bank of Chicago will host its annual payments conference on May 19-20, 2011. This year's theme is The New Face of Retail Payments: Markets, Strategies and Regulations. During this two-day event, we will focus on the following questions: 

 

  • How will consumers fare in the new payments market?
  • How will financial institutions alter their business models in response to regulation and legislation?
  • What will the retail payments market look like in the future?

 

Who Should Attend?

Decision-makers from financial institutions, payment networks, regulatory bodies, central banks, merchants and payment innovators as well as academics.

 

Registration Information

Early Registration Discount: Save $100.

 

  • If received from March 12, 2011, through May 6, 2011, registration fee will be $450.
  • If received after May 6, 2011, registration fee will be $550.

 

Cancellations after May 6, 2011, will not be refunded. Please notify us in writing of any substitutions. If you have any questions, please contact Susan Parren (information in the sidebar).

 

Due to space constraints, we respectfully request that no more than five (5) representatives from a single company register for the conference. Please contact Sue Parren with questions.

05/19/11
8:30 AM
Continental Breakfast
9:30 AM
Introduction

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

9:45 AM
Keynote
  • Paradigms Lost (with Apologies to John Milton)

Richard Oliver,  Executive Vice President,  Federal Reserve Bank of Atlanta

10:30 AM
Reaching New Markets

  • In what ways have consumers’ payment options expanded or contracted recently?
  • How will underbanked consumers respond to the new payments landscape?
  • What retail payment products are most attractive to emerging markets?

Moderator

Katy Jacob,  Business Economist,  Federal Reserve Bank of Chicago

Panelists

Yazmin Osaki,  Special Assistant to the Deputy to the Vice Chairman,  Federal Deposit Insurance Corporation

  • Presentation

Andy Rowe,  Savings and Payments Products Executive,  Bank of America

Tim Murphy,  Chief Product Officer,  MasterCard Worldwide

Melissa Koide,  Policy Director,  The Center for Financial Services Innovation

12:00 PM
Luncheon
12:30 PM
Introduction to Keynote

Katy Jacob,  Business Economist, Payments,  Federal Reserve Bank of Chicago

12:45 PM
Keynote Address
  • Seeking Financial Stability

Michael S. Barr,  Professor of Law,  University of Michigan Law School

1:30 PM
Going Back to Basics

  • Given recent events, what trends do we see regarding cash payments? 
  • In what ways can paper-based payments be made more efficient? 
  • How are merchants altering their services to reach credit-strapped customers?

Moderator

Ruth Judson,  Economist,  Board of Governors of the Federal Reserve System

Panelists

Lisa Greco,  President,  AppleTree Credit Union

  • Presentation

Susan Ehrlich,  President, Sears Financial Services,  Sears Holdings Corporation

John Drechny,  Senior Director of Payment Services,  Wal-Mart

3:00 PM
Break
3:30 PM
Riding the Rails

  • In what ways are card networks and ACH networks competing with each other?
  • How will changes in the marketplace affect consumers’ use of payment vehicles?
  • What innovations are taking place at the network or bank level to address consumers’ needs?

Moderator

Bob Hunt,  Vice President and Director, Payment Cards Center,  Federal Reserve Bank of Philadelphia

Panelists

Joe Hurley,  Vice President, Global Business Development,  Discover

Neil Platt,  Senior Vice President and General Manager, U.S. Banking,  CashEdge

  • Presentation

Will Sowell,  Chief Operating Officer,  Green Dot Corporation

Eric Reese,  General Manager, Business Development,  Chicago Transit Authority

5:00 PM
Reception
05/20/11
7:45 AM
Continental Breakfast
8:40 AM
Introduction

Daniel G. Sullivan,  Executive Vice President and Director of Research,  Federal Reserve Bank of Chicago

8:45 AM
Developing New Models

  • How will nonbank firms influence the payment landscape?
  • In what ways are traditional institutions using technology to develop new business models?
  • What security issues do newer payment methods entail?

Moderator

Paul Tomasofsky,  President,  Secure Remote Payment Council

  • Presentation

Panelists

Paul Rasori,  Senior Vice President,  Verifone

  • Presentation

Laura Chambers,  Senior Director,  PayPal Mobile

Bill Gajda,  Head of Global Mobile Product,  Visa Inc.

Erin McCune,  Partner,  Glenbrook Partners

  • Presentation
10:30 AM
Break
10:45 AM
Looking Ahead

  • What are potential barriers and opportunities for future payment innovations?
  • How will the role of non-traditional payment providers evolve?
  • What is the future direction of retail payments in the U.S. given the current regulatory environment?

Moderator

Sujit Chakravorti,  Senior Vice President and Chief Economist,  The Clearing House

Panelists

Tim Willi,  Managing Director,  Wells Fargo

Allen Fishbein,  Assistant Director, Consumer Education and Research, Division of Consumer and Community Affairs,  Board of Governors of the Federal Reserve System

Duncan Douglass,  Partner,  Alston & Bird

Emery Kobor,  Assistant Director, Strategic Policy Office of Terrorist Financing and Financial Crimes,  United States Department of the Treasury

12:30 PM
Lunch

 

 

 

 

Last Updated: 05/24/11

Information about past payments conferences.

 
Event Information
Date
05/19/11 - 05/20/11
Registration Deadline
Wednesday, May 18, 2011
Location

Federal Reserve Bank of Chicago
Third Floor Conference Center
230 S La Salle St
Chicago, IL 60604

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