Overview
With FedNow launching in July, the adoption of real-time payments will increase dramatically moving forward. This program offered by MBA provides a great opportunity for your management teams to hear unique perspectives from Federal Reserve staff about FedNow and how it will affect bank operations.
Schedule
| 8 a.m. |
Registration
|
| 8:30 a.m. |
What’s Driving the Demand for Instant Payments
Lance Wagner, AAP
Assistant Vice President
Federal Reserve Bank of Chicago
Instant payments are coming, and it’s time to prepare. But oh, where to start? Together, we’ll walk through key considerations and decisions for your instant payments journey, wherever your starting point may be. The FedNow Service is a new instant payment service that the Federal Reserve banks are developing to enable financial institutions of every size and in every community across the U.S. to provide safe and efficient instant payment services in real time around the clock, every day of the year. Join us to learn more about this new service, which is under development and will continue to evolve. |
| 9:30 a.m. |
Break
|
| 9:45 a.m. |
The Role of the Core Processor
Moderator: Sheila Noll, EVP Chief Operations Officer, MIB
Panel: Patrick Dix, Vice President and Association Management, SHAZAM
Elspeth Bloodgood, Jack Henry & Associates
Paul Sullivan, Vice President, Treasury Management Solutions, Fiserv
James Locopo, Fiserv
Greg Aumann, AAP, CTP, Sr. Product Manager, Computer Services, Inc.
In this session, participating core processors will focus on the role of the processors, how they fit into the RTP or FedNow service equation, and what the processors will require of their financial institutions, if anything. Core processors will also discuss use cases and pilot implementation experience. |
| 10:45 a.m. |
Break
|
| 11 a.m. |
Recent Developments in Electronic Payments Law
Tom Witherspoon & Mark Hargrave
Stinson
Staying abreast of the numerous and often complex developments in the legal and regulatory framework for payments can be daunting. Yet understanding the implications for an organization’s payments activities is crucial. In this session, receive a thorough review of significant legal issues raised by current developments in electronic payments law. |
| Noon |
Lunch
|
| 1 p.m. |
Authorized Push Payment Fraud: Trends, Threats and Solutions
Elspeth Bloodgood
Jack Henry & Associates
Payments fraud continues to evolve as bad actors are increasingly focusing on Authorized Push Payment Fraud to initiate attacks against the industry. Pressure is growing in both the legislative and regulatory spaces regarding liability to favor consumers. And a changing economic environment is creating a perfect storm for bad actors to perpetrate these attacks. Join this panel discussion on the impacts of Authorized Push Payment fraud and how the industry can respond to these growing challenges as speakers discuss trends related to Authorized Push Payment Fraud and explore practical solutions for addressing this growing threat. |
| 2 p.m. |
Break
|
| 2:15 p.m. |
Fireside Chat: Lessons Learned from Pilot Partners & Early Adopters of FedNow
Moderator: Lance Wagner, AAP, Federal Reserve Bank of Chicago
Kristina Wickersham, Federal Reserve Bank of Boston
Sheila Noll, EVP Chief Operations Officer, MIB
Stacie Eighmey, Chief Digital Officer, Hawthorn Bank
This panel discussion will feature experts who will provide insights into the Federal Reserve’s new instant payment service, FedNow. Topics will include features, functionality, preparing for onboarding and questions from the audience. |
| 3:30 p.m. |
Adjourn
|
Who Should Attend
CEOs, COOs, bank executives, board members, senior management teams and those responsible for strategic payments, technology, risk and operations
For More Information
Contact the MBA Education Department at 573-636-8151 or email.