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

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.


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

 Michael S. Barr is Professor of Law at the University of Michigan Law School, where he teaches financial regulation and international finance, among other courses. He was on leave 2009-2010 serving as the U.S. Department of the Treasury's Assistant Secretary for Financial Institutions, and was a key architect of the Dodd-Frank Wall Street Reform and Consumer Protection Act, as well as the Administration’s housing finance policies. He is also a senior fellow at the Center for American Progress and at the Brookings Institution. Barr conducts large-scale empirical research regarding financial services and writes about a wide range of issues in financial regulation. Recent books include Building Inclusive Financial Systems (Brookings Press 2007, with Kumar & Litan) and Insufficient Funds (Russell Sage 2009, with Blank). Barr previously served as U.S. Treasury Secretary Robert E. Rubin's Special Assistant, as Deputy Assistant Secretary of the Treasury, as Special Advisor to President William J. Clinton and as special advisor and counselor on the policy planning staff at the State Department. He was a law clerk to U.S. Supreme Court Justice David H. Souter and Judge Pierre N. Leval of the Southern District of New York. He received his J.D. from Yale Law School, an M. Phil in International Relations from Magdalen College, Oxford University, as a Rhodes Scholar and his B.A., summa cum laude, with honors in history, from Yale University.


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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
Presentation
Yazmin Osaki, Special Assistant to the Deputy to the Vice Chairman, Federal Deposit Insurance Corporation
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
Michael S Barr, Professor of Law, University of Michigan Law School
Seeking Financial Stability
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


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Hotel Information

Union League Club of Chicago
65 W Jackson Blvd
Chicago ,  IL   60604

To make your hotel reservations, please contact the hotel directly at (312) 427-7800. Be sure to mention that you are attending the Federal Reserve Bank of Chicago 2011 Payments Conference to receive the reduced rate of $199.20 inclusive ($166.00 plus 20% surcharge). The cutoff date for making room reservations is Tuesday, April 19, 2011. Hotel rooms and/or conference discounts may not be available after this date. For more information, please contact Susan Parren (contact information in sidebar).

 

With the largest guest room offering of any private club in the United States, the Union League Club extends the most luxurious offering of richly appointed guest rooms, including 21 suites, for those in search of exclusive accommodations that provide the ambiance and amenities of a traditional luxury hotel. Visit their website to learn more about the Club's amenities.

J W Marriott Chicago
151 W Adams
Chicago ,  IL   60603
(312) 660-8200

To make your hotel reservations, please contact the hotel directly at (312) 660-8200. Be sure to mention that you are attending the Federal Reserve Bank of Chicago 2011 Payments Conference to receive the reduced rate of $289.00 plus 15.4% hotel occupancy tax. The cutoff date for making room reservations is Wednesday, April 27, 2011. Hotel rooms and/or conference discounts may not be available after this date. For more information, please contact Susan Parren (contact information in sidebar).


JW Marriott Chicago is an exclusive luxury hotel in the Loop and the largest luxury hotel in Chicago, Illinois. Discover this landmark downtown Chicago hotel located near State Street, Millennium Park, the Magnificent Mile and historic Chicago museums.


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Information about past payments conferences.

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