February 28, 2017
Federal Reserve Bank of Atlanta
Retail Payments Risk Forum
1000 Peachtree St. NE, Atlanta, GA 30309
The Federal Reserve Bank of Atlanta and the United Kingdom's Department for International Trade hosted a summit to promote discussion on approaches to faster payments implementation in the United Kingdom and United States. The summit format provided insight to payments industry stakeholders into what opportunities or challenges could be facing community financial institutions and the markets they serve. The event has been documented with a background paper.
| Welcome and agenda review Marie Gooding, First Vice President and Chief Operating Officer, Federal Reserve Bank of Atlanta |
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| 10:15 | Opening remarks Benedict Wagner-Rundell, First Secretary (Economic), Foreign and Commonwealth Office, British Embassy |
| 10:30 | Community Financial Institution Panel: Implementing Faster Payments Becky Clements, Head of Industry Engagement and Payment Change, Metro Bank Steve Kenneally, Vice President Payments and Cybersecurity, American Bankers Association William Schoch, President and Chief Executive Officer, WesPay Bob Steen, President and Chief Executive Officer, Bridge Community Bank U.K. and U.S. financial institutions discuss their experience implementing faster payments in their respective regions. In addition to looking at technical considerations, panelists discuss effects on other payments systems and their customer bases. |
| 11:45 | Lunch |
| In Pursuit of a Better Payments System: An Update from the Faster Payments Task Force Connie Theien, Senior Vice President and Director, Payments Industry Relations, Federal Reserve System Gordon Werkema, Payments Strategy Director, Federal Reserve System |
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| 1:45 | Legal and Regulatory Considerations for Faster Payments Richard Fraher, Vice President and Counsel to the Retail Payments Office, Federal Reserve Bank of Atlanta Kathleen Oldenborg, Office of the Comptroller of the Currency Jonathan Rogers, Partner, Taylor Wessing Deborah Shaw, Senior Technology Specialist, Federal Deposit Insurance Corporation (FDIC) Paul Smith, Head of Policy, U.K. Payment Systems Regulator U.K. and U.S. regulators discuss the structure of each regulatory body along with strategies and actions taken in consideration of faster payments. |
| 2:45 | Break |
| 3:00 | Same-Day ACH: Impacts and Implications Michael Herd, Senior Managing Director, NACHA Cheryl Venable, Executive Vice President, Retail Payments Office, Federal Reserve Bank of Atlanta |
| 3:45 | Executive roundtable: Connecting Financial Institutions Faster George Evers, IPS Director, VocaLink Thomas A. Layman, President, Global Vision Group Steve Ledford, Senior Vice President of Product and Strategy, The Clearing House Elena Whisler, Vice President Product Management and Strategy, FIS Global Processors and operators discuss different faster payment schemes, how changing infrastructures affect all levels of participants, and what changes are ahead |
| 4:45 | Closing Remarks Marie Gooding |
| 5:00 | Reception |