Wednesday, October 11th
PAYMENTS INNOVATION ALLIANCE MEETING OCTOBER 11-13, 2017 Westin New York at Times Square in New York City, NY
Draft Agenda (Subject to change) Meeting Room Wireless Sponsored by
Meeting Mobile App Sponsored by
Wednesday, October 11th Dress – Business Casual
TIME 9:00am – 4:00pm
ASIG Working Meeting
TOPICS AND SPEAKER(s)
1:00pm
Registration Opens
Pearl – 9th Floor
NY Atrium – 9th Floor
3:00pm – 3:30pm
New Member/Guest Welcome Session
3:30pm4:15pm
Refreshment Break
New Amsterdam- 9th Floor
NY Atrium – 9th Floor
Sponsored by 4:15pm – 5:00pm
Roundtable Discussions (Interactive Discussions - Participants may attend any of the discussions in this time slot)
Payments Laundering Palace – 9th Floor The accessibility of easy-to-use tools are increasing which unfortunately helps to facilitate cybercrime and the proliferation of payments laundering. This roundtable session will take a unique look at the threats posed by these new cybercriminals from the "payment hustler’s" point of view. From peer-to-peer payments, e-Wallets, mobile payments to prepaid cards — it is imperative that financial institutions remain proactive in efforts to combat fraud and alternative payment laundering. Current tactics used by criminals, as well as case studies of transaction and payments laundering will be discussed. Facilitator: Jane Hennessy, Head of External Alliances, G2 Web Services
NACHA Rules Updates and Discussion Minskoff – 9th Floor Interact directly in this small group discussion with a NACHA rules expert. As we look to continually advance the Network, keeping up with the needs and capabilities of users is critical. NACHA is seeking input on how needed enhancements impact and benefit all involved. Bring your questions and join us for a facilitated discussion focused on recent or needed changes. Facilitator: Amy Morris, Senior Director, ACH Network Rules, NACHA
2 Business Payments Coalition e-Invoicing Initiative New Amsterdam – 9th Floor The Business Payments Coalition e-Invoicing Work Group recently released a “Catalog of Electronic Invoice Technical Standards in the U.S.” The catalog sets the baseline of the invoice technical standards in use by U.S. businesses. It describes the evolution, definitions, and electronic invoice models used by the market, along with cataloging details on the different invoice syntaxes, formats, and organizations responsible for maintaining the invoice standard. Todd Albers, Sr. Payments Consultant from the Federal Reserve Bank of Minneapolis will provide an overview of the catalog and will discuss what is next for the e-Invoicing work group as it strives towards developing an e-invoice interoperability framework in order to increase the exchange of electronic invoices in the U.S. market. Facilitator: Todd Albers, Senior Payments Consultant, Federal Reserve Bank of Minneapolis
5:30pm – 6:30pm
Welcome Reception NY Atrium – 9th Floor
Sponsored by
NACHA’s Alliance membership meetings follow the Chatham House Rule: "When a meeting, or part thereof, is held under the Chatham House Rule, participants are free to use the information received, but neither the identity nor the affiliation of the speaker(s), nor that of any other participant, may be revealed." This allows for a more candid and open discussion without worrying that opinions will be attributed to individuals or their employers.
@NACHAOnline
#AllianceNYC17
3
Thursday, October 12th Dress – Business Casual
TIME 7:30am
TOPICS AND SPEAKER(s) Registration and Hot Breakfast Buffet Majestic Foyer – 5th Floor
Sponsored by
8:15am9:00am
Concurrent Facilitated Discussions (Interactive sessions, participants may attend any of the discussions in this time slot)
Expectations & Experiences: Consumer Payments Majestic I – 5th Floor Paying the bills and paying other people are necessary parts of everyday life for most adults. Whether it's mobile or online bill pay, person-to-person payments or even the occasional check, understanding how and why people pay the way they do is critical to meeting their expectations for seamless and secure experiences. Attend this session for recent data and insights on consumer payments preferences and behaviors. Presenter: Jim Lester, SVP, Biller Solutions, Fiserv
ISO20022 for High Value and Low Value Payments Gershwin I- 4th Floor Although ISO20022 adoption is still in very early stages for the U.S. there are significant efforts underway that will provide value for U.S. payment system participants. Roy DeCicco, chair of the ISO Stakeholder group, will discuss efforts that continue to educate and foster collaboration on ISO20022 adoption both internationally and domestically. Gina Russo, Assistant Vice President, will talk about the Federal Reserve's efforts to convert the U.S. Wire Transfer System(High Value) to ISO20022 and George Throckmorton, Managing Director at NACHA, will lead a dialogue on efforts to support users of the ACH network(Low Value) system. Speakers: Gina Russo, Assistant Vice President, Federal Reserve Bank of New York; Roy DeCicco, Managing Director, Network Management, J.P.Morgan and George Throckmorton, Managing Director, Network Development, NACHA
NACHA’s Alliance membership meetings follow the Chatham House Rule: "When a meeting, or part thereof, is held under the Chatham House Rule, participants are free to use the information received, but neither the identity nor the affiliation of the speaker(s), nor that of any other participant, may be revealed." This allows for a more candid and open discussion without worrying that opinions will be attributed to individuals or their employers.
@NACHAOnline
#AllianceNYC17
4 Reg CC – What You Need to Know Gershwin II – 4th Floor This session provides an update on the Federal Reserve’s recently published amendment to Regulation CC, which is a major step forward in the Fed’s effort to facilitate the transition to electronic check collection and return. The speakers will first discuss the significant changes in the rule, and describe forthcoming amendments to Regulation J and Operating Circular 3, as well as highlighting some practical impacts for financial institutions and processors. Speakers: Richard Fraher, VP and Counsel to the RPO, FRB Atlanta and Ian Spear, Senior Financial Services Analyst, Board of Governors of the Federal Reserve System
9:15am10:15am
Opening Session: Faster Payments In the U.S. – What’s Next? Majestic Ballroom - 5th Floor What is the state of faster payments in the U.S.? This session will feature a variety of industry perspectives from stakeholders who participated in the Federal Reserve’s Faster Payments Task Force and are now part of the Interim Collaboration Work Group (ICWG). When it comes to faster payments – how is the U.S. doing? Where are we really going? How will various payment rails be impacted? Speakers: Jan Estep, CEO, NACHA; Kevin Christensen, Sr. Vice President – Market Intelligence & Data Analytics, SHAZAM; Matt Friend, Vice President, Head of Product Strategy & New Product Development, Visa and Peter Davey, Vice President, Payment Innovation, The Clearing House; Moderator: Joe Proto, Chairman & Chief Executive Officer, Transactis
10:20am – 10:40am
Coffee Break Majestic Foyer
Sponsored by
10:45am11:45am
Concurrent Options (participants may attend any of the sessions in this time slot) Real-TIme Solutions – The Real Deal Majestic I – 5th Floor The industry trades are full of articles on the various real-time solutions that are coming to market – or already available. What do you need to know about each? This session will explore the different models. How are they similar and or difference? Where are they in terms of rollout? How will they be marketed? What use cases are driving adoption of each? Speakers: Peter Davey, Vice President, Payment Innovation, The Clearing House; Eric Foust, Director, Market Solutions, Early Warning RTP and Rita Rafalovsky, Vice President, Real Time Payment Product Owner, PNC Bank Moderator: Fred Laing, President, UMACHA
NACHA’s Alliance membership meetings follow the Chatham House Rule: "When a meeting, or part thereof, is held under the Chatham House Rule, participants are free to use the information received, but neither the identity nor the affiliation of the speaker(s), nor that of any other participant, may be revealed." This allows for a more candid and open discussion without worrying that opinions will be attributed to individuals or their employers.
@NACHAOnline
#AllianceNYC17
5 API Standardization Industry Group – What You Need to Know Majestic II – 5th Floor This session will provide members with an update regarding the most recent efforts of this Alliance-sponsored group. The API Standardization Industry Group (ASIG) is a diverse group of organizations and individuals working to support advancement and use of standardized APIs within the U.S. financial services industry by developing a standards framework, or “API Playbook” that will: (1) improve the safety and transparency of transactions, (2) automate and increase speed of processes and communications, (3) promote efficiencies, effectiveness and reach for all stakeholders, and (4) enhance support of payments innovations. What will be the first APIs addressed? Will there be a sandbox component to the effort? What is the play book? This session will be led by members of the Alliance API Industry Group leadership team. Speakers: George Throckmorton, Managing Director, NACHA; Scott Moeller, Chairman and CEO, mSHIFT Inc. and Kathy Levin, AAP, Senior Director, NACHA
ACH Transactions to Top Checks as Top Form of B2B Payment by 2020 Gershwin I – 4th Floor According to a new survey conducted by Credit Research Foundation (CRF) in partnership with NACHA-The Electronic Payments Association, credit and account receivables leaders from Fortune 1500 companies anticipate that ACH transactions will surpass checks as the leading form of payment received from business customers by 2020. This presentation will summarize the key payment benchmarks, trends and drivers for the surge in ACH payments, as well as the best practices successful companies are employing to drive changes in customer payment choice. Speaker: Rob Unger, Senior Director, Corporate Relations, NACHA
12:00pm – 1:30pm
Lunch – relax and enjoy a delicious meal with Alliance members! NY Atrium and Palace – 9th Floor
Sponsored by
1:30pm2:15pm
Concurrent Options (participants may attend any of the sessions in this time slot) Top of Wallet: Redefined Majestic II – 5th Floor The vast majority of consumers use a default method when making digital payments, with huge potential consequences for players throughout the payments value chain. This session will explore the implications of this overlooked trend, leveraging new research by Deloitte, with a high-level panel discussion by card issuers, merchants, technology companies, and more.
NACHA’s Alliance membership meetings follow the Chatham House Rule: "When a meeting, or part thereof, is held under the Chatham House Rule, participants are free to use the information received, but neither the identity nor the affiliation of the speaker(s), nor that of any other participant, may be revealed." This allows for a more candid and open discussion without worrying that opinions will be attributed to individuals or their employers.
@NACHAOnline
#AllianceNYC17
6 Discussion will center on new Deloitte research into “default payments”–transactions using pre-stored payment details–which make up an estimated 84% of digital transactions. Default payments provide consumer convenience and allow for a faster settlement with little or no intervention, but that convenience has outsized implications for card issuers, merchants, and others in the payments/FinTech world. Panelists: Ulrike Guigui, Managing Director, Banking & Securities, Deloitte Consulting; Alberto Jimenez, OMS and Payments Leader, IBM and Pablo Cohan, SVP, Product, MasterCard (invited)
APIs – Risk vs Rewards Majestic I – 5th Floor There is a growing movement globally to utilize open Application Programming Interfaces (APIs) for payment services. Many payment providers and leading financial services firms have begun using APIs to broaden and enhance services, increase automation and strengthen security. Will the rise of open APIs reduce financial institutions to mere utilities or do these APIs provide an opportunity for competitive differentiation, and if so, how? Is there increased risk from cybercriminals? Can APIs provide new revenue streams? Panelists: TBD Moderator: Gene Neyer, Consultant
Payments System Modernization – The Canadian Story Gershwin I – 4th Floor Canada has undertaken a major modernization effort that will transform the country’s entire payments ecosystem. Jan Pilbauer of Payments Canada will tell the story of Canada's modernization journey, including what’s driving innovation, current progress, lessons learned from around the world and the importance of ecosystem collaboration. How do ISO 20022 adoption, modular API-based architecture, and other new technologies fit in? Speaker: Jan Pilbauer, Executive Director, Modernization & CIO, Payments Canada Moderator: Elena Whisler, VP, Product Managment & Strategy, Enterprise Payments, FIS
2:15pm – 3:15pm
Concurrent Options (participants may attend any of the sessions in this time slot) A Global Perspective on APIs Majestic I – 5th Floor Although financial Institutions, fintechs, and regulatory bodies across the globe are beginning to embrace the use of APIs to securely transfer information, and deliver financial services safely and efficiently to consumers and businesses, Europe has taken the lead on open banking and APIs. What are the various API initiatives underway and what do they mean – for Europe and the U.S.? How does ISO 20022 fit into the picture and what is happening globally with API standards? Speakers: Tricia Balfe, VP of Services, XMLdation and David Chance, SVP, Product Strategy, Billing and Payments Group, Dovetail
NACHA’s Alliance membership meetings follow the Chatham House Rule: "When a meeting, or part thereof, is held under the Chatham House Rule, participants are free to use the information received, but neither the identity nor the affiliation of the speaker(s), nor that of any other participant, may be revealed." This allows for a more candid and open discussion without worrying that opinions will be attributed to individuals or their employers.
@NACHAOnline
#AllianceNYC17
7 Keeping the Enemy at Bay – Cybercrime Offense, and Legal and PR Defense Gershwin I – 4th Floor The cost of cybercrime is estimated to reach $6 trillion annually by 2021. Payment networks are a tempting target for cybercriminals who seek to divert payments, steal consumer information, and hold networks for ransom. In response, federal and state cybersecurity requirements continue to evolve to meet the growing threat of cybercrime and cyberintrusions, including FinCEN advisories, federal cyber guidance, and state regulation, such as the New York Department of Financial Services’ Cybersecurity Requirements for Financial Services Companies. This session will discuss the current cyber security legal landscape and its application to the payment industry, as well as practical strategies for investigating, remediating, and reporting cyber-events. Our speaker panel from government and private industry will drill down on how anti-money laundering units and in-house cybersecurity units can effectively collaborate and how financial institutions can share cyber-related information, including IP addresses, specific malware signatures and indicators of compromise, with other financial institutions to protect the industry writ large. Speakers: Matt Luzadder, Partner, Kelley Drye, Warren, LLP; Alysa Hutnik, Partner, Kelley Drye, Warren, LLP and NYAG rep (invited)
Millennial Panel – Live Focus Group Majestic II – 5th Floor Want to hear directly from millennials? Back by popular demand, this session will feature a live focus group of millennials about payments. Bring your questions! Facilitator: Jane Wallace, Principal, Wallace Consulting
3:15pm3:45pm
Refreshment Break Majestic Foyer
Sponsored by
3:45pm5:00pm
Idea Lab - Meet the Innovators Sponsored by
The Idea Lab is a live “show and tell” that encourages interaction between Innovators and Alliance members. This meeting will feature three solutions, with demos running concurrently – each one featuring a different Innovator. Members may move to another Lab every 20 minutes.
NACHA’s Alliance membership meetings follow the Chatham House Rule: "When a meeting, or part thereof, is held under the Chatham House Rule, participants are free to use the information received, but neither the identity nor the affiliation of the speaker(s), nor that of any other participant, may be revealed." This allows for a more candid and open discussion without worrying that opinions will be attributed to individuals or their employers.
@NACHAOnline
#AllianceNYC17
8 Change the World Fund
FI.SPAN
mShift
Gramercy – 4th Floor
Imperial – 4th Floor
Gershwin II – 4th Floor
Presenters: Diane Boyd, CEO & Co-Founder and Paul Lamb, Chief Partnership Officer & Co-Founder
Presenters: Clayton Weir, CoFounder and Chief Strategy Officer, FI.SPAN and David Koch, CCO, FI.SPAN
Presenters: Scott Moeller, CEO, mSHIFT and Tim Ferrio, VP, eServices, Team One Credit Union
FI.SPAN will be demonstrating the corporate customer experience once the FI.SPAN plug-in has been enabled and two-way real-time connectivity between the corporate customer's ERP/accounting system and the bank has been established. We will be demoing how a business customer can pay vendor bills in the ERP and have the fulfillment information automatically reconcile within their ERP. We will also show how a bank product manager can use both internal capabilities (wire and ACH) alongside external FinTech products in order to compose new banking products. You will see how we take bank APIs from abstract concepts to powerful business banking customer experiences.
Come learn how mSHIFT’s patented AnyWhereMobile® realtime payment network with ACH settlement incentivizes merchants and financial institutions to work together to build a mobile payment ecosystem that benefits merchants, financial institutions and consumers. AnyWhereMobile was designed from the ground up with modular, open APIs to achieve complete end-to-end interoperability with core banking systems, POS Systems, the Conexxus Mobile Payment Standard, ACH networks and smartphone apps.
Millennials are driving neverbefore-seen movement in valuesbased purchasing. Four out of the ten of their least loved brands are banks and FIs can better engage these younger customers by appealing to their desire to do good while doing well. Come see Change the World Fund's innovative solution to this problem, specifically for FI partners. We’ve created a new online platform which deposits ‘spare change’ from a user's credit or debit card transactions into a personal, charitable account to support any of the 1.5 million US charities. CTW makes charity donations simple and appealing to a new generation of FI customers.
Evening
Enjoy an evening in New York City!
NACHA’s Alliance membership meetings follow the Chatham House Rule: "When a meeting, or part thereof, is held under the Chatham House Rule, participants are free to use the information received, but neither the identity nor the affiliation of the speaker(s), nor that of any other participant, may be revealed." This allows for a more candid and open discussion without worrying that opinions will be attributed to individuals or their employers.
@NACHAOnline
#AllianceNYC17
9
Friday, October 13th Dress – Travel Casual
TIME 7:30am
TOPICS AND SPEAKER(s) Registration and Hot Breakfast Buffet Majestic Foyer- 5th Floor
Sponsored by
8:15am9:00am
Concurrent Facilitated Discussions (Interactive sessions, participants may attend any of the discussions in this time slot)
NACHA Certified Melville – 5th Floor Are you a Third-Party Sender? Come learn about how industry-leading NACHA Certified sets you apart in today’s competitive market as an entity focused on knowing and demonstrating commitment to quality and strong core practices. The program affirms that Third-Party Senders have met specific guidelines governing financial stability, rules and regulations. Facilitator: TBD
Payment Card Analytics and Optimization to Reduce Acceptance Costs Majestic II – 5th Floor Credit and debit card payments are surging, and according to the 2016 Federal Reserve Payments Study, payments made with general-purpose credit cards grew faster than other payment types from 2012 to 2015. The growth of card payments is typically associated with increasing costs related to payment acceptance. Yet, companies are often challenged when it comes to tracking related cost metrics. In this session, Anand Goel, founder of Optimized Payments Consulting (OPC) will lead a discussion on understanding and managing payment card acceptance costs. The intent is to de-mystify the components of card acceptance costs listed in statements, and to review the key metrics to track for billers, merchants, suppliers and any organization that accepts cards for payments. Facilitator: Anand Goel, CEO, Optimized Payment Consulting
Planning for Faster Payments Majestic I – 5th Floor So you want to adopt one or more faster/instant payment solutions? According to our members, many questions still exist as financial institutions of all sizes prepare for real-time, faster payments, etc. This session will explore the need to know, on what to do, as a financial institution. From systems to staffing - how to approach the effort, timing, prerequisites, etc. Facilitator: Leo Lipis, Chief Executive Officer, Lipis Advisors NACHA’s Alliance membership meetings follow the Chatham House Rule: "When a meeting, or part thereof, is held under the Chatham House Rule, participants are free to use the information received, but neither the identity nor the affiliation of the speaker(s), nor that of any other participant, may be revealed." This allows for a more candid and open discussion without worrying that opinions will be attributed to individuals or their employers.
@NACHAOnline
#AllianceNYC17
10 9:15am
Innovation Lab Meet Up Westin Hotel Lobby Details to come.
11:30am
Return from Innovation Lab Visits
Meeting Badges Sponsored by
SEE YOU NEXT TIME! 2018 ALLIANCE MEETINGS: February 28-March 2, 2018 Nikko Hotel – San Francisco, California Early June – Non U.S meeting Location and Date - TBD October 10-12, 2018 Ritz-Carlton Washington – Washington D.C.
NACHA’s Alliance membership meetings follow the Chatham House Rule: "When a meeting, or part thereof, is held under the Chatham House Rule, participants are free to use the information received, but neither the identity nor the affiliation of the speaker(s), nor that of any other participant, may be revealed." This allows for a more candid and open discussion without worrying that opinions will be attributed to individuals or their employers.
@NACHAOnline
#AllianceNYC17
Draft Agenda (Subject to change) Meeting Room Wireless Sponsored by
Meeting Mobile App Sponsored by
Wednesday, October 11th Dress – Business Casual
TIME 9:00am – 4:00pm
ASIG Working Meeting
TOPICS AND SPEAKER(s)
1:00pm
Registration Opens
Pearl – 9th Floor
NY Atrium – 9th Floor
3:00pm – 3:30pm
New Member/Guest Welcome Session
3:30pm4:15pm
Refreshment Break
New Amsterdam- 9th Floor
NY Atrium – 9th Floor
Sponsored by 4:15pm – 5:00pm
Roundtable Discussions (Interactive Discussions - Participants may attend any of the discussions in this time slot)
Payments Laundering Palace – 9th Floor The accessibility of easy-to-use tools are increasing which unfortunately helps to facilitate cybercrime and the proliferation of payments laundering. This roundtable session will take a unique look at the threats posed by these new cybercriminals from the "payment hustler’s" point of view. From peer-to-peer payments, e-Wallets, mobile payments to prepaid cards — it is imperative that financial institutions remain proactive in efforts to combat fraud and alternative payment laundering. Current tactics used by criminals, as well as case studies of transaction and payments laundering will be discussed. Facilitator: Jane Hennessy, Head of External Alliances, G2 Web Services
NACHA Rules Updates and Discussion Minskoff – 9th Floor Interact directly in this small group discussion with a NACHA rules expert. As we look to continually advance the Network, keeping up with the needs and capabilities of users is critical. NACHA is seeking input on how needed enhancements impact and benefit all involved. Bring your questions and join us for a facilitated discussion focused on recent or needed changes. Facilitator: Amy Morris, Senior Director, ACH Network Rules, NACHA
2 Business Payments Coalition e-Invoicing Initiative New Amsterdam – 9th Floor The Business Payments Coalition e-Invoicing Work Group recently released a “Catalog of Electronic Invoice Technical Standards in the U.S.” The catalog sets the baseline of the invoice technical standards in use by U.S. businesses. It describes the evolution, definitions, and electronic invoice models used by the market, along with cataloging details on the different invoice syntaxes, formats, and organizations responsible for maintaining the invoice standard. Todd Albers, Sr. Payments Consultant from the Federal Reserve Bank of Minneapolis will provide an overview of the catalog and will discuss what is next for the e-Invoicing work group as it strives towards developing an e-invoice interoperability framework in order to increase the exchange of electronic invoices in the U.S. market. Facilitator: Todd Albers, Senior Payments Consultant, Federal Reserve Bank of Minneapolis
5:30pm – 6:30pm
Welcome Reception NY Atrium – 9th Floor
Sponsored by
NACHA’s Alliance membership meetings follow the Chatham House Rule: "When a meeting, or part thereof, is held under the Chatham House Rule, participants are free to use the information received, but neither the identity nor the affiliation of the speaker(s), nor that of any other participant, may be revealed." This allows for a more candid and open discussion without worrying that opinions will be attributed to individuals or their employers.
@NACHAOnline
#AllianceNYC17
3
Thursday, October 12th Dress – Business Casual
TIME 7:30am
TOPICS AND SPEAKER(s) Registration and Hot Breakfast Buffet Majestic Foyer – 5th Floor
Sponsored by
8:15am9:00am
Concurrent Facilitated Discussions (Interactive sessions, participants may attend any of the discussions in this time slot)
Expectations & Experiences: Consumer Payments Majestic I – 5th Floor Paying the bills and paying other people are necessary parts of everyday life for most adults. Whether it's mobile or online bill pay, person-to-person payments or even the occasional check, understanding how and why people pay the way they do is critical to meeting their expectations for seamless and secure experiences. Attend this session for recent data and insights on consumer payments preferences and behaviors. Presenter: Jim Lester, SVP, Biller Solutions, Fiserv
ISO20022 for High Value and Low Value Payments Gershwin I- 4th Floor Although ISO20022 adoption is still in very early stages for the U.S. there are significant efforts underway that will provide value for U.S. payment system participants. Roy DeCicco, chair of the ISO Stakeholder group, will discuss efforts that continue to educate and foster collaboration on ISO20022 adoption both internationally and domestically. Gina Russo, Assistant Vice President, will talk about the Federal Reserve's efforts to convert the U.S. Wire Transfer System(High Value) to ISO20022 and George Throckmorton, Managing Director at NACHA, will lead a dialogue on efforts to support users of the ACH network(Low Value) system. Speakers: Gina Russo, Assistant Vice President, Federal Reserve Bank of New York; Roy DeCicco, Managing Director, Network Management, J.P.Morgan and George Throckmorton, Managing Director, Network Development, NACHA
NACHA’s Alliance membership meetings follow the Chatham House Rule: "When a meeting, or part thereof, is held under the Chatham House Rule, participants are free to use the information received, but neither the identity nor the affiliation of the speaker(s), nor that of any other participant, may be revealed." This allows for a more candid and open discussion without worrying that opinions will be attributed to individuals or their employers.
@NACHAOnline
#AllianceNYC17
4 Reg CC – What You Need to Know Gershwin II – 4th Floor This session provides an update on the Federal Reserve’s recently published amendment to Regulation CC, which is a major step forward in the Fed’s effort to facilitate the transition to electronic check collection and return. The speakers will first discuss the significant changes in the rule, and describe forthcoming amendments to Regulation J and Operating Circular 3, as well as highlighting some practical impacts for financial institutions and processors. Speakers: Richard Fraher, VP and Counsel to the RPO, FRB Atlanta and Ian Spear, Senior Financial Services Analyst, Board of Governors of the Federal Reserve System
9:15am10:15am
Opening Session: Faster Payments In the U.S. – What’s Next? Majestic Ballroom - 5th Floor What is the state of faster payments in the U.S.? This session will feature a variety of industry perspectives from stakeholders who participated in the Federal Reserve’s Faster Payments Task Force and are now part of the Interim Collaboration Work Group (ICWG). When it comes to faster payments – how is the U.S. doing? Where are we really going? How will various payment rails be impacted? Speakers: Jan Estep, CEO, NACHA; Kevin Christensen, Sr. Vice President – Market Intelligence & Data Analytics, SHAZAM; Matt Friend, Vice President, Head of Product Strategy & New Product Development, Visa and Peter Davey, Vice President, Payment Innovation, The Clearing House; Moderator: Joe Proto, Chairman & Chief Executive Officer, Transactis
10:20am – 10:40am
Coffee Break Majestic Foyer
Sponsored by
10:45am11:45am
Concurrent Options (participants may attend any of the sessions in this time slot) Real-TIme Solutions – The Real Deal Majestic I – 5th Floor The industry trades are full of articles on the various real-time solutions that are coming to market – or already available. What do you need to know about each? This session will explore the different models. How are they similar and or difference? Where are they in terms of rollout? How will they be marketed? What use cases are driving adoption of each? Speakers: Peter Davey, Vice President, Payment Innovation, The Clearing House; Eric Foust, Director, Market Solutions, Early Warning RTP and Rita Rafalovsky, Vice President, Real Time Payment Product Owner, PNC Bank Moderator: Fred Laing, President, UMACHA
NACHA’s Alliance membership meetings follow the Chatham House Rule: "When a meeting, or part thereof, is held under the Chatham House Rule, participants are free to use the information received, but neither the identity nor the affiliation of the speaker(s), nor that of any other participant, may be revealed." This allows for a more candid and open discussion without worrying that opinions will be attributed to individuals or their employers.
@NACHAOnline
#AllianceNYC17
5 API Standardization Industry Group – What You Need to Know Majestic II – 5th Floor This session will provide members with an update regarding the most recent efforts of this Alliance-sponsored group. The API Standardization Industry Group (ASIG) is a diverse group of organizations and individuals working to support advancement and use of standardized APIs within the U.S. financial services industry by developing a standards framework, or “API Playbook” that will: (1) improve the safety and transparency of transactions, (2) automate and increase speed of processes and communications, (3) promote efficiencies, effectiveness and reach for all stakeholders, and (4) enhance support of payments innovations. What will be the first APIs addressed? Will there be a sandbox component to the effort? What is the play book? This session will be led by members of the Alliance API Industry Group leadership team. Speakers: George Throckmorton, Managing Director, NACHA; Scott Moeller, Chairman and CEO, mSHIFT Inc. and Kathy Levin, AAP, Senior Director, NACHA
ACH Transactions to Top Checks as Top Form of B2B Payment by 2020 Gershwin I – 4th Floor According to a new survey conducted by Credit Research Foundation (CRF) in partnership with NACHA-The Electronic Payments Association, credit and account receivables leaders from Fortune 1500 companies anticipate that ACH transactions will surpass checks as the leading form of payment received from business customers by 2020. This presentation will summarize the key payment benchmarks, trends and drivers for the surge in ACH payments, as well as the best practices successful companies are employing to drive changes in customer payment choice. Speaker: Rob Unger, Senior Director, Corporate Relations, NACHA
12:00pm – 1:30pm
Lunch – relax and enjoy a delicious meal with Alliance members! NY Atrium and Palace – 9th Floor
Sponsored by
1:30pm2:15pm
Concurrent Options (participants may attend any of the sessions in this time slot) Top of Wallet: Redefined Majestic II – 5th Floor The vast majority of consumers use a default method when making digital payments, with huge potential consequences for players throughout the payments value chain. This session will explore the implications of this overlooked trend, leveraging new research by Deloitte, with a high-level panel discussion by card issuers, merchants, technology companies, and more.
NACHA’s Alliance membership meetings follow the Chatham House Rule: "When a meeting, or part thereof, is held under the Chatham House Rule, participants are free to use the information received, but neither the identity nor the affiliation of the speaker(s), nor that of any other participant, may be revealed." This allows for a more candid and open discussion without worrying that opinions will be attributed to individuals or their employers.
@NACHAOnline
#AllianceNYC17
6 Discussion will center on new Deloitte research into “default payments”–transactions using pre-stored payment details–which make up an estimated 84% of digital transactions. Default payments provide consumer convenience and allow for a faster settlement with little or no intervention, but that convenience has outsized implications for card issuers, merchants, and others in the payments/FinTech world. Panelists: Ulrike Guigui, Managing Director, Banking & Securities, Deloitte Consulting; Alberto Jimenez, OMS and Payments Leader, IBM and Pablo Cohan, SVP, Product, MasterCard (invited)
APIs – Risk vs Rewards Majestic I – 5th Floor There is a growing movement globally to utilize open Application Programming Interfaces (APIs) for payment services. Many payment providers and leading financial services firms have begun using APIs to broaden and enhance services, increase automation and strengthen security. Will the rise of open APIs reduce financial institutions to mere utilities or do these APIs provide an opportunity for competitive differentiation, and if so, how? Is there increased risk from cybercriminals? Can APIs provide new revenue streams? Panelists: TBD Moderator: Gene Neyer, Consultant
Payments System Modernization – The Canadian Story Gershwin I – 4th Floor Canada has undertaken a major modernization effort that will transform the country’s entire payments ecosystem. Jan Pilbauer of Payments Canada will tell the story of Canada's modernization journey, including what’s driving innovation, current progress, lessons learned from around the world and the importance of ecosystem collaboration. How do ISO 20022 adoption, modular API-based architecture, and other new technologies fit in? Speaker: Jan Pilbauer, Executive Director, Modernization & CIO, Payments Canada Moderator: Elena Whisler, VP, Product Managment & Strategy, Enterprise Payments, FIS
2:15pm – 3:15pm
Concurrent Options (participants may attend any of the sessions in this time slot) A Global Perspective on APIs Majestic I – 5th Floor Although financial Institutions, fintechs, and regulatory bodies across the globe are beginning to embrace the use of APIs to securely transfer information, and deliver financial services safely and efficiently to consumers and businesses, Europe has taken the lead on open banking and APIs. What are the various API initiatives underway and what do they mean – for Europe and the U.S.? How does ISO 20022 fit into the picture and what is happening globally with API standards? Speakers: Tricia Balfe, VP of Services, XMLdation and David Chance, SVP, Product Strategy, Billing and Payments Group, Dovetail
NACHA’s Alliance membership meetings follow the Chatham House Rule: "When a meeting, or part thereof, is held under the Chatham House Rule, participants are free to use the information received, but neither the identity nor the affiliation of the speaker(s), nor that of any other participant, may be revealed." This allows for a more candid and open discussion without worrying that opinions will be attributed to individuals or their employers.
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7 Keeping the Enemy at Bay – Cybercrime Offense, and Legal and PR Defense Gershwin I – 4th Floor The cost of cybercrime is estimated to reach $6 trillion annually by 2021. Payment networks are a tempting target for cybercriminals who seek to divert payments, steal consumer information, and hold networks for ransom. In response, federal and state cybersecurity requirements continue to evolve to meet the growing threat of cybercrime and cyberintrusions, including FinCEN advisories, federal cyber guidance, and state regulation, such as the New York Department of Financial Services’ Cybersecurity Requirements for Financial Services Companies. This session will discuss the current cyber security legal landscape and its application to the payment industry, as well as practical strategies for investigating, remediating, and reporting cyber-events. Our speaker panel from government and private industry will drill down on how anti-money laundering units and in-house cybersecurity units can effectively collaborate and how financial institutions can share cyber-related information, including IP addresses, specific malware signatures and indicators of compromise, with other financial institutions to protect the industry writ large. Speakers: Matt Luzadder, Partner, Kelley Drye, Warren, LLP; Alysa Hutnik, Partner, Kelley Drye, Warren, LLP and NYAG rep (invited)
Millennial Panel – Live Focus Group Majestic II – 5th Floor Want to hear directly from millennials? Back by popular demand, this session will feature a live focus group of millennials about payments. Bring your questions! Facilitator: Jane Wallace, Principal, Wallace Consulting
3:15pm3:45pm
Refreshment Break Majestic Foyer
Sponsored by
3:45pm5:00pm
Idea Lab - Meet the Innovators Sponsored by
The Idea Lab is a live “show and tell” that encourages interaction between Innovators and Alliance members. This meeting will feature three solutions, with demos running concurrently – each one featuring a different Innovator. Members may move to another Lab every 20 minutes.
NACHA’s Alliance membership meetings follow the Chatham House Rule: "When a meeting, or part thereof, is held under the Chatham House Rule, participants are free to use the information received, but neither the identity nor the affiliation of the speaker(s), nor that of any other participant, may be revealed." This allows for a more candid and open discussion without worrying that opinions will be attributed to individuals or their employers.
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8 Change the World Fund
FI.SPAN
mShift
Gramercy – 4th Floor
Imperial – 4th Floor
Gershwin II – 4th Floor
Presenters: Diane Boyd, CEO & Co-Founder and Paul Lamb, Chief Partnership Officer & Co-Founder
Presenters: Clayton Weir, CoFounder and Chief Strategy Officer, FI.SPAN and David Koch, CCO, FI.SPAN
Presenters: Scott Moeller, CEO, mSHIFT and Tim Ferrio, VP, eServices, Team One Credit Union
FI.SPAN will be demonstrating the corporate customer experience once the FI.SPAN plug-in has been enabled and two-way real-time connectivity between the corporate customer's ERP/accounting system and the bank has been established. We will be demoing how a business customer can pay vendor bills in the ERP and have the fulfillment information automatically reconcile within their ERP. We will also show how a bank product manager can use both internal capabilities (wire and ACH) alongside external FinTech products in order to compose new banking products. You will see how we take bank APIs from abstract concepts to powerful business banking customer experiences.
Come learn how mSHIFT’s patented AnyWhereMobile® realtime payment network with ACH settlement incentivizes merchants and financial institutions to work together to build a mobile payment ecosystem that benefits merchants, financial institutions and consumers. AnyWhereMobile was designed from the ground up with modular, open APIs to achieve complete end-to-end interoperability with core banking systems, POS Systems, the Conexxus Mobile Payment Standard, ACH networks and smartphone apps.
Millennials are driving neverbefore-seen movement in valuesbased purchasing. Four out of the ten of their least loved brands are banks and FIs can better engage these younger customers by appealing to their desire to do good while doing well. Come see Change the World Fund's innovative solution to this problem, specifically for FI partners. We’ve created a new online platform which deposits ‘spare change’ from a user's credit or debit card transactions into a personal, charitable account to support any of the 1.5 million US charities. CTW makes charity donations simple and appealing to a new generation of FI customers.
Evening
Enjoy an evening in New York City!
NACHA’s Alliance membership meetings follow the Chatham House Rule: "When a meeting, or part thereof, is held under the Chatham House Rule, participants are free to use the information received, but neither the identity nor the affiliation of the speaker(s), nor that of any other participant, may be revealed." This allows for a more candid and open discussion without worrying that opinions will be attributed to individuals or their employers.
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9
Friday, October 13th Dress – Travel Casual
TIME 7:30am
TOPICS AND SPEAKER(s) Registration and Hot Breakfast Buffet Majestic Foyer- 5th Floor
Sponsored by
8:15am9:00am
Concurrent Facilitated Discussions (Interactive sessions, participants may attend any of the discussions in this time slot)
NACHA Certified Melville – 5th Floor Are you a Third-Party Sender? Come learn about how industry-leading NACHA Certified sets you apart in today’s competitive market as an entity focused on knowing and demonstrating commitment to quality and strong core practices. The program affirms that Third-Party Senders have met specific guidelines governing financial stability, rules and regulations. Facilitator: TBD
Payment Card Analytics and Optimization to Reduce Acceptance Costs Majestic II – 5th Floor Credit and debit card payments are surging, and according to the 2016 Federal Reserve Payments Study, payments made with general-purpose credit cards grew faster than other payment types from 2012 to 2015. The growth of card payments is typically associated with increasing costs related to payment acceptance. Yet, companies are often challenged when it comes to tracking related cost metrics. In this session, Anand Goel, founder of Optimized Payments Consulting (OPC) will lead a discussion on understanding and managing payment card acceptance costs. The intent is to de-mystify the components of card acceptance costs listed in statements, and to review the key metrics to track for billers, merchants, suppliers and any organization that accepts cards for payments. Facilitator: Anand Goel, CEO, Optimized Payment Consulting
Planning for Faster Payments Majestic I – 5th Floor So you want to adopt one or more faster/instant payment solutions? According to our members, many questions still exist as financial institutions of all sizes prepare for real-time, faster payments, etc. This session will explore the need to know, on what to do, as a financial institution. From systems to staffing - how to approach the effort, timing, prerequisites, etc. Facilitator: Leo Lipis, Chief Executive Officer, Lipis Advisors NACHA’s Alliance membership meetings follow the Chatham House Rule: "When a meeting, or part thereof, is held under the Chatham House Rule, participants are free to use the information received, but neither the identity nor the affiliation of the speaker(s), nor that of any other participant, may be revealed." This allows for a more candid and open discussion without worrying that opinions will be attributed to individuals or their employers.
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10 9:15am
Innovation Lab Meet Up Westin Hotel Lobby Details to come.
11:30am
Return from Innovation Lab Visits
Meeting Badges Sponsored by
SEE YOU NEXT TIME! 2018 ALLIANCE MEETINGS: February 28-March 2, 2018 Nikko Hotel – San Francisco, California Early June – Non U.S meeting Location and Date - TBD October 10-12, 2018 Ritz-Carlton Washington – Washington D.C.
NACHA’s Alliance membership meetings follow the Chatham House Rule: "When a meeting, or part thereof, is held under the Chatham House Rule, participants are free to use the information received, but neither the identity nor the affiliation of the speaker(s), nor that of any other participant, may be revealed." This allows for a more candid and open discussion without worrying that opinions will be attributed to individuals or their employers.
@NACHAOnline
#AllianceNYC17
