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“Coming soon to a provider near you”: Faster Payment - What it is, where it is in the US and what it means to the payments eco-system going forward - May 5, 2016 - Los Angeles, CA
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“Coming soon to a provider near you”:
Faster Payment - What it is, where it is in the US and what it means to the payments eco-system going forward
May 5, 2016 - Los Angeles, CA

LA
 

OUR SPONSOR

headerCNB

WHERE

City National Bank
13th floor,
Los Angeles Room
555 S Flower St, 
Los Angeles, CA

WHEN

Thursday, May 5, 2016
8:00 am - 12:00 PM

CONTACT

This email address is being protected from spambots. You need JavaScript enabled to view it.

DESCRIPTION


The UK, Singapore, Sweden, Denmark, Switzerland, Mexico, Japan – they and other countries already have real time ACH payment systems in place. Europe is building a SEPA wide system to start in 2017. More are to come in other countries that have announced implementation or studies/intent. The new systems are all being built around the ISO 20022 messaging standard.

The real time payment movement finally arrived in the US with the Federal Reserve guiding a process that should lead to a clear path for future rollout and adoption. Once adopted in the US and Europe, 40% of global retail payments can be covered by this new infrastructure. Our contention is that with both Europe and the US on ISO 20022 based real time payments systems this juggernaut will be unstoppable globally. It will have wide implications for the payments eco-system which we will explore with our panel.

But there are differences how the US is going about it compared to other countries. These are based on the regulatory differences and the size and complexity of the market as well as a different business culture in the US. Some companies are not waiting for the Federal Reserve to get the whole market ready and we see initiatives from small and large players to get the service sooner to their clients without waiting for a central, market wide infrastructure to be put in place.

In this event we will discuss what Faster Payments means, where we are in this process of upgrading our infrastructure for it and discuss how it will create new opportunities for the users of the payment system: corporations, merchants, marketplaces, banks, and service providers today and in future.

Whether you are in retail payments, C2B or P2P, or involved in B2C or B2B payments, join us for an educative session on the topic with other executives in Fintech.


Feel free to inform colleagues about this event who may be interested.

 
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AGENDA

8:00 AM  Reception
8:30 AM  Announcements
8:40 AM  Panel moderated by Peter Ehmke, Director/Partner at Edgar, Dunn & Company and with audience participation
   Vince Hruska, Senior Vice President at City National Bank
   Mark Majeske Product Development and Strategy Vice President Real-Time Payments at The Clearing House
   Ian Rubin Director and Practice Lead, Retail Banking & Consumer Payments, Americas at ACI
   Sean Rodriguez, Senior Vice President Faster Payments Strategy Leader at Federal Reserve System
10:30 AM  End of panel discussion
11:30 AM  End of session

MODERATOR

Peter Ehmke

Director/Partner at Edgar, Dunn & Company

Peter is located in the San Francisco office. He combines experience as a strategy consultant for Edgar, Dunn & Company in Europe with extensive hands-on experience as a senior executive in the payment industry. He has managed the turnaround/restructuring and sale of financial businesses as well as the design and implementation of country, product and regional strategies.

At EDC Peter has worked with banks, payment schemes and start-ups in the US and Europe around Faster Payments and Payments Innovation Strategy. He has advised on the creation of a cross border JV in commercial cards, assisted start-ups in finding potential investors and advised on business models and go-to-market strategy.

Before re-joining EDC in San Francisco Peter worked for MasterCard International, London, as Head of Strategy Europe where he was responsible for building out European and country strategy to inform investment decisions, building competitor intelligence and for creating/managing the European M&A target identification process. Before relocating to London, he was Managing Director for MasterCard’s German market operations

Prior to this, Peter managed the credit card business of Royal Bank of Scotland in Germany and acquired deep retail banking experience as CEO of Santander Direkt Bank. Before entering the consumer space Peter worked as an international commercial and wholesale banker in London, Singapore, Zurich and Paris in diverse management roles in sales, product management, wholesale payments, treasury and trade finance.

Peter holds a BA + MA from Durham University in Political Science and a Diploma in Finance from the Institute of Bankers, London

peterehmke

PANELIST

Vince Hruska

Senior Vice President at City National Bank

Vince Hruska is a Senior Vice President of Product Strategies for City National Bank. He is an experienced, growth oriented product executive with a track record of producing successful fee and interest income producing product strategies that stimulate growth for financial organizations. He leads the management, development, strategy and pricing of bank products and services serving individuals, private clients and businesses, including deposits, consumer and business lending, mortgage, home equity, cards (credit, debit, pre-paid), payments, international and other banking services. Previously, he managed online services at Bank of America, serving small business to multi-national large corporate treasury clients. His career has focused on bank product development and management, payments, technology services and ecommerce activities. He founded and led a technology development, integration and consulting firm with clients such as First Data Corp, Citibank, Anthem Blue Cross, Sony Pictures, the Jim Henson Company, and IBM, among others. A past SVP of Wells Fargo, where he managed the product, strategic and business portfolios of electronic payments products. He has also consulted to financial institutions such as US Bank, VISA, Bank of America and Citibank in defining and deploying online or payment strategies. His experiences encompass mobile and internet bank services, payments, ecommerce, information services, correspondent bank and Federal Reserve activities.

Mr. Hruska resides in the Los Angeles area where he has served or chaired boards of several faith-based volunteer organizations that provide housing assistance to families to prevent homelessness and providing low-to-moderate cost housing to seniors. He is currently Board Chairman for the Los Angeles Mission, serving Downtown L.A.'s Skid Row homeless population.

Specialties: product management, development, payments, ecommerce, mobile, banking, deposits, loans, mortgage, treasury, cash management

vincehruzka

Mark Majeske

Product Development and Strategy Vice President Real-Time Payments at The Clearing House

Mark Majeske is Vice President of Product Development and Strategy for The Clearing House. In his role, Mr. Majeske works with payment leaders on strategic issues facing banks and leads initiatives to address them. His current focus is real-time payments.

Mr. Majeske’s background encompasses Retail, Small Business and Commerical banking sectors. He has worked for leading banks, including JPMorgan Chase, Citibank, SunTrust, and TD Bank for more than 20 years. His work has focused on developing new products in the Digital payments space advising on business strategy, product design/ development, IT, risk/fraud systems and the deployment of new payment systems.

Prior to joining The Clearing House, Mr. Majeske was responsible for Digital International Payments NA for TD Bank. Mr. Majeske also has a background in Business Intelligence with leading banking organizations.

Mr. Majeske is a graduate of Philadelphia University with a BS in Marketing.

Majeske Mark

Ian Rubin

Director and Practice Lead, Retail Banking & Consumer Payments, Americas at ACI

Ian analyzes the complex and quickly developing transformational changes affecting retail financial services, assesses their impact to the banking and payments ecosystem, and communicates this information to ACI’s strategic clients through the development of business models, value propositions, and thought leadership. Ian is highly engaged with strategic client development and product strategy.

Among the topics he studies are omnichannel banking, immediate payments, mobile payments, card fraud controls, and cyber-currencies. Within his portfolio of responsibilities, Ian represents ACI on the Federal Reserve Bank’s Faster Payments Task Force, and on NACHA’s Payments Innovation Alliance.

Ian has presented at senior-level industry events such as Sibos and NACHA Faster Payments Imperative event, positioning ACI as a progressive software provider delivering innovative solutions. He is the author of the ACI blog “My Inside View,” sharing opinions and observations across global payments.

Before joining ACI in 2014, Ian worked for several market analyst and consulting firms, including TowerGroup, IDC Financial Insights, and Mercator Advisory Group, where he established and directed its strategic consulting organization. He has a Bachelor of Arts degree from Brandeis University and an MBA from Columbia Business School. Ian serves as a board member for several civic, community, and social service organizations, but prioritizes trying to keep pace with his three teenage daughters.

Ian head shot

Sean Rodriguez

Senior Vice President Faster Payments Strategy Leader at Federal Reserve System

Sean Rodriguez is Faster Payments Strategy Leader for the Federal Reserve System. As Faster Payments Strategy Leader, Rodriguez is leading activities to identify effective approaches for implementing a safe, ubiquitous, faster payments capability in the United States. In addition, Rodriguez chairs the Federal Reserve’s Faster Payments Task Force, comprised of more than 300 payment system stakeholders interested in improving the speed of authorization, clearing, settlement and notification of various types of personal and business payments.

Rodriguez brings more than 32 years of experience with Federal Reserve Financial Services in operations, product development, sales and marketing. He helped establish the Federal Reserve’s Customer Relations and Support Office in 2001 including its national account program and served on the Federal Reserve’s leadership team for implementing the Check 21 initiative. More recently, Rodriguez was instrumental in the design and launch of the Federal Reserve’s Payments Industry Relations Program. Rodriguez holds a B.A. from the University of Colorado, a Graduate School of Banking Certificate from the University of Wisconsin and is an Association for Financial Professionals - Certified Cash Manager.

seanrodriguez

EVENT LOCATION

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LIST OF ATTENDEES

 

Location City National Bank - 555 S Flower St, Los Angeles, CA 90071, USA

Additional Information about this event:

Thursday 05 May 2016, 08:00am - 12:00pm
   
Official Event Website: more info
Number of expected attendees: Not defined
This event has an exhibit: Not defined
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