Agenda

Tuesday, August 16, 2016
5:00 p.m. Reception
Join other forum attendees at a reception and networking event in the Federal Reserve Bank of Atlanta's Monetary Museum.
Wednesday, August 17, 2016
8:30 a.m. Doughnuts and coffee
9:00 Welcome and agenda review
Doug King, Federal Reserve Bank of Atlanta
9:15 Opening remarks
Dennis Lockhart, President, Federal Reserve Bank of Atlanta
  A Morning with Federal Law Enforcement Agencies
9:30 FBI: Cybercrime
Chad Hunt, supervisory special agent, Federal Bureau of Investigation
Cyber threats continue to be a major risk issue for businesses across the payments value chain. According to the Identity Theft Resource Center, there have already been more than 500 data breaches reported in 2016, far exceeding the number reported in the same time period from previous years. Hunt will discuss the most up-to-date trends in cyber threats, what the FBI views as the best way to mitigate these threats, and how the Bureau goes about bringing the perpetrators of cybercrimes to justice.
10:15 Homeland Security: Operation In Our Sites
Sarah Rideout, group supervisor, Homeland Security Investigations
Operation In Our Sites specifically targets websites and operators that distribute counterfeit and pirated items over the Internet, including counterfeit pharmaceuticals and pirated movies, television shows, music, software, electronics, and other merchandise as well as products that threaten public health and safety.
11:00 Morning break
11:15 Law Enforcement Roundtable
Moderator: Dave Lott, Federal Reserve Bank of Atlanta
Do you want to learn how to better interact with federal law enforcement agencies? Have you ever wondered how different agencies work together? This is your opportunity to ask questions and engage law enforcement agencies about payments fraud and risk as our morning panelists share the stage for a lively discussion.
12:15 p.m. Lunch
1:30 Fintech Regulatory Environment and GA Limited Banking Charter Update
Cliff Stanford, chair of bank regulatory group, Alston & Bird
Fintech companies are shifting the roles of traditional payment intermediaries with the ultimate goal of displacing them. Regulatory agencies, most notably the Office of the Comptroller of the Currency, have taken note of the growing importance of the fintech sector and are actively engaged with the industry to understand the potential risks this poses. Hear from a banking regulatory expert on what regulatory agencies are contemplating in terms of fintech regulation and what this might mean for acquirers, financial institutions, and other payment intermediaries.
2:15 Recent Initiatives by Card Networks To Mitigate Card Fraud
Brian Byrne, Director of Operations, EMVCo.
As we near the anniversary of the EMV liability shift, fraud remains present in the card environment—no surprise to those in the payments industry. However, card networks continue to make enhancements to their payment rails and deploy new technology to better protect cards from fraud. Hear from one network representative to learn about these enhancements that make payment cards safer for all to use.
3:00 Break
3:15 Surveying the Industry for Payments Fraud Statistics
Steven Cordray, Federal Reserve Bank of Atlanta
Since 2001, the Federal Reserve Bank of Atlanta has sponsored a triennial payments study that attempts to measure the number and value of noncash payments and associated fraud in the United States. The current survey, which is under way, has been significantly enhanced to offer broader coverage of fraudulent payments. This presentation will offer a detailed review of what types of fraud data to expect in the summary report that is expected to be released at the end of this year.
3:45 Acknowledgments and adjournment
Richard Parrott, MAC