10 Hudson Yards
New York, NY 10001
US Faster Payments – Call to Action or Industry Inertia?
Tuesday, November 14th, 2017
at the SAP Leonardo Center
10 Hudson Yards (48th Floor), New York, NY
The U.S. is following in the footsteps of the U.K., Singapore, Australia, Sweden and many other countries in laying the groundwork for modern, instant payments networks. Real-Time payments promise to drive the biggest shift in payments since introduction of electronic payments. More than 300 industry stakeholders collaborated for 2 years+ in a task force to establish that vision, culminating in a July 2017 final report, “The U.S. Path to Faster Payments: A Call to Action.”
Join us on November 14thto hear from several task force members, the Federal Reserve, bankers, and Alseda Consulting, a European services company who has witnessed banks’ growing pains from implementing this 24X7X365 service. Expect a lively debate on the following themes:
- What is the vision set out in the task force final report?
- What can we learn from earlier markets who have implemented faster payments?
- Is there going to be a single system? If not, how will they talk to each other?
- What is the role of the Federal Reserve?
- What solutions are in the market already?
- What new use cases does faster payments serve?
- Will faster payments cannibalize other payments, like cards?
- What are the implications for fraud since payments are irrevocable?
- In the absence of a mandate, does “ubiquitous receipt” ever happen, let alone by 2020?
With special thanks to event sponsor:
Member US Federal Reserve Faster Payments Task Force, Partner, member/Co-founder | PayGility Advisors / NYPAY
International mobile/cards payment consultant, more than 20 years’ experience consulting to cards and payment companies. Specializes in retail financial services, mobile payments, credit cards, technology strategy and business model development. Through work in fifteen countries, advised issuers, acquirers, networks and processors on product direction and competitive positioning.
Member US Federal Reserve Faster Payments Task Force, Managing Principal | Reef Karson Consulting
Global payment consultant specializing in strategy, chip (EMV) cards, retail POS systems, prepaid cards, money transfer, global ACH, ecommerce payments, and best practices for debit and credit card processing. Former Chairman and CEO of Citishare Corp subsidiary of Citigroup, professor at NYU and US Congressional aid, board member / advisor to NYCE, The Clearing House, Visa, the EFTA, Cirrus, Maestro.
Vice President, Payments Strategy Executive | Federal Reserve System
Managing Director | Alseda Consulting
Mr. Walta is head of consulting for Alseda and an expert in consumer/business loans, mortgages, current/savings products, pricing & billing and payments (SEPA, SWIFT, Fedwire, ACH, NAICHA, faster payments, BACS, CHAPS etc.), and wealth management. Prior to Alseda, he was a senior consulting at Bearing Point and KPMG.
Director, Treasury Services | BNY Mellon
Carl Slabicki is a Director and Product Line Manager at BNY Mellon for Immediate Payments, responsible for our strategy and development of new faster payment solutions such as Real-Time Payments and Tokenized Payments with ZelleSM. Prior to joining BNY Mellon, Mr. Slabicki was the Treasurer for the Wurth Group of North America Inc. Mr. Slabicki graduated from Muhlenberg College with bachelor degrees in Economics and in Business Administration and is currently enrolled in SIFMA’s Security Industry Institute at Wharton. He is a Certified Treasury Professional (CTP), an Accredited ACH Professional (AAP) and a member of the Association for Financial Professionals (AFP)
Networking & Drinks