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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 - June 9, 2016 - San Francisco
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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
San Francisco, CA - June 9, 2016

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OUR SPONSOR

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WHERE

Bryan Cave Office, 560 Mission Street. 25th Floor,
San Francisco, CA,

WHEN

Thursday, June 9, 2016
6:00 PM - 9:00 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 B3C 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

6:00 PM Reception and Networking
6:30 PM Announcements
6:45 PM Introduction of Session
7:05 PM Panel moderated by Peter Ehmke, Director/Partner at Edgar, Dunn & Company and with audience participation
  Sean Rodriguez, Senior Vice President Faster Payments Strategy Leader at Federal Reserve System
  Ian Rubin, Director and Practice Lead, Retail Banking & Consumer Payments, Americas at ACI
  David Lefferts, Head of Market Infrastructures & Experts – North America at SWIFT
  Steve Ledford, Senior Vice President Product and Strategy at The Clearing House
  Seth Perlman, Vice President, Strategy at First Data Corporation
8:30 PM End of Panel

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

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PANELIST

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.

Rodriguez Headshot

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

David Lefferts

Managing Director, Head of Market Infrastructures & Experts – North America at SWIFT

David Lefferts joined SWIFT in February 2015 and has responsibility for SWIFT’s regional Payments, Securities, and Standards initiatives as well as managing SWIFT’s relationships with key market infrastructures.

Before joining SWIFT, he was a member of the management team at Markit, where he held product development, cross-product strategy, and senior business development roles over his eight year tenure.

Prior to that, David was Vice President for Fixed Income Strategy at FINRA, the independent securities regulatory body in the U.S., where he was responsible for developing its fixed income strategy as well as running its TRACE reporting service for bonds.

David has more than 20 years of experience in the financial services technology industry.

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Steve Ledford

Senior Vice President Product and Strategy at The Clearing House

Steve Ledford is a well-known and highly regarded thought leader in the payments industry. At The Clearing House, he works with payments leaders on strategic issues facing our banks today and leads initiatives to address them, such as real-time payments.

Mr. Ledford has advised leading banks, financial services firms and payment organizations in the U.S. and globally for more than 30 years. His work has focused on payments, advising clients on business strategy, product development, IT and infrastructure planning, operations and the deployment of new payment systems.

Prior to joining The Clearing House, Mr. Ledford was a partner with Novantas, a financial services consulting firm. Before that he was a leader in McKinsey’s global payments practice, and was President of Global Concepts, a consulting and research firm specializing in payments and cash management.

Mr. Ledford is a graduate of Wofford College with a BA in Economics.

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Seth Perlman

Vice President, Strategy at First Data Corporation

Seth joined First Data as Vice President of Strategy in October 2014, and is based in Mountain View, California. He has developed strategies for First Data’s eCommerce and SMB businesses, and was instrumental in articulating First Data’s corporate transformation and growth plans in regulatory filings and investor roadshow presentations leading up to First Data’s $2.8B IPO in October 2015. Seth is currently focused on defining growth strategies for the company’s Network & Security Solutions segment, which includes the STAR debit network; security and fraud solutions; prepaid and gift card products; and TeleCheck.

Prior to First Data, Seth worked in product and corporate strategy at PayPal, where his focused on bringing PayPal to the physical point of sale, developing strategies for new value-added services, accelerating the company’s European growth, and revamping PayPal’s online merchant product portfolio.

From 2004-2011, Seth held various corporate and product strategy roles at Visa USA and Visa Inc. During his time at Visa, he helped manage the business impacts of major antitrust cases; adapted the company's strategies to keep up with shifting U.S. and international payments regulation; supported the $19B Visa IPO; helped integrate the $2B acquisition of CyberSource; and developed the strategy for the initial version of the product now known as Visa Checkout.

Seth holds an A.B. in Biochemical Sciences from Harvard University and serves on the Board of Directors of Congregation Beth Jacob in Redwood City.

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EVENT LOCATION

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LIST OF ATTENDEES

Location Bryan Cave Office, 560 Mission Street. 25th Floor, San Francisco, CA

Additional Information about this event:

Thursday 09 June 2016, 06:00pm - 08:00pm
   
Official Event Website: more info
Number of expected attendees: Not defined
This event has an exhibit: Not defined
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