Cross-border payments account for roughly 40% of global payments fees, generating 15 times the revenue of the average retail domestic payment. While traditional cross-border payment models have been successfully processing millions of payments a year, emerging models and frameworks will dramatically change the world of cross-border payments, promising to improve processes, costs, and the customer experience.
This session will answer three key questions:
1. What are the drivers and trends affecting the cross-border payments ecosystem?
2. Are traditional cross‑border payment services adequately positioned for today’s challenges?
3. How are emerging cross-border payment models creating innovation from inefficiency?
About the speaker:
Patricia Hines, CTP, is a senior analyst with Celent’s Banking practice and is based in Charlotte, NC. Her areas of research include global transaction services and wholesale banking with a particular emphasis on treasury and cash management, corporate banking delivery channels, and trade and supply chain finance, along with commercial and small business lending.
Patty has over 20 years of experience in financial services across business, technology, and operations. Prior to Celent, she was a Research Director in Wholesale Banking at CEB TowerGroup, a leading financial services advisory research firm, where she conducted primary research focused on industry trends, strategic business drivers, and technology solutions in commercial lending and small business services.
She has also held senior product management, marketing, and technology positions at FleetBoston Financial, Wells Fargo, Citibank, MuleSoft, OpenText GXS, and S1 Corporation (now ACI Worldwide).
Patty received her MBA from the Yale School of Management and a bachelor’s degree in business administration from the State University of New York at Albany. She also holds a Certified Treasury Professional (CTP) accreditation from the Association of Financial Professionals.
Traditional means of authenticating customers such as user IDs, passwords and knowledge-based questions are increasingly breached and available to bad actors. These widely used forms of authentication also create friction for customers and restrict adoption of digital channels and processes. New technologies and wide adoption of mobile devices are making it possible to increase security while reducing friction for customers across channels. Firms are beginning to map out a path to getting rid of passwords.
About the speakers:
David has over 20 years’ experience in the financial services sector serving in product management, technology management, information / cyber security, and risk management executive roles. He has strong industry expertise in the end-to-end security lifecycle in consumer and commercial eCommerce and financial services. Additionally he has regulatory experience as both a practitioner and risk manager in information, cyber and third party risk for financial institutions.
Ed Aluise is a Director with Greenway Solutions. He has 20 years of experience in consulting and general management roles working with Global 1000 and mid-sized institutions in the Financial Services, Consumer Products, and Retail industries. In these roles, Edward has worked with a variety of companies to develop growth-oriented strategies while managing risk. His areas of expertise span strategy and product development, digital risk and security, and digital channel development. Recent engagements he has led include a digital experience strategy and roadmap for a super-regional bank, a payments controls assessment for a regional bank, and digital channels risk management program for a super-regional bank.
Prior to joining Greenway Solutions in 2011, Edward held Strategy and Product leadership roles at Bank of America in Payments, Small Business and Treasury Services businesses, including stints on the leadership teams of those multi-billion dollar organizations. Edward started his career as a consultant with AT Kearney in their Economics and Customer-Oriented Growth practices. He graduated Phi Beta Kappa from the University of North Carolina.
Edward Aluise on LinkedIn
Our payments franchises, institutions and customer relationships are under attack and the threat continues to grow.
How should we think about Cyber Security in 2017 and beyond?
What role does an Information Sharing Environment and real time analytics play in your organization and your customers’ organizations?
How should organizations evaluate and invest in their current and future state?
How do we eliminate protection gaps in and among our organizations?
About the Speaker:
Fred Dumas has over 30 years of experience in the financial services industry, including experience founding and building highly successful technology companies. Fred has extensive experience in the area of Banking, International Payments, and Trade Finance. His educational background includes a BA in International Political Science from The Ohio State University. Fred’s professional experience includes successful exits of start up companies as well as leading investments in emerging Technology companies. He has served as both Chairman and non-executive member on several corporate Boards of Directors in both the US and Europe. Fred has also served on the Board of Trustees of several non-profit organizations. In addition to serving as Chairman of the Board of Dark Cubed, Fred serves on the Board of Directors of Spiritus Project, on the Board of Directors of Dalma Capital Management Limited, and the Board of Trustees of Discovery Place.
With the rise of Blockchain POC’s and some recent high-profile blockchain Pilot announcement by DTTC, SWIFT and others, Financial Institutions are further exploring “What applications could benefit the most from their Blockchain technology POC investments?” and “How will they get to a Blockchain Pilot in 2017?”
In this session we will start with some recent trends and application specific to the Payments and Loyalty Industry and consequently we will cover 8 Decisions that will help Financial Institutions move their Blockchain concepts from the Lab to Pilot Phase in 2017
About the speaker:
Bart is a Partner with IBM’s Global Business Services Team driving Blockchain Technology. He previously was the Founder and Global Leader of Capgemini’s Blockchain, Crypto Currency and Distributed Ledgers user community.
Bart has been investigating the potential of Blockchain as an innovative technology within Financial Services for the last 3.5 years. He has been an active participant in the Bitcoin and Blockchain community and has been analyzing its wide range of applications in various financial services sub-domains. He recently joined IBM and was previously with Capgemini and the FinTech industry where he led several blockchain initiatives and other transformations in corporate banking and global payments.
Bart has a Master in Commercial Engineering (Information Technology) from the University of Antwerp (Belgium) and resided for the last 17 years in Charlotte, NC.
Real-time payments are at the forefront in many countries including most recently in the United State. Real-time, all the time is great for customers but it is pushing the infrastructures of banks and corporations to new limits. The 24x7x365, real-time transactions and expanded remittance information are re-shaping the traditional landscape of commerce flows. Banks and corporations can use this to offer innovative services, but they must address the impact on their infrastructures. This session will address current status of real-time payments around the globe and will examine how real-time payments can act as a catalyst for implementing a real-time payments foundation. We will emphasize the specific areas of impact for real-time processing and highlight where real-time processing creates new opportunities.
About the speaker:
Kevin Patton is a Director and Transaction Banking Solution Practice Lead at ACI Worldwide where he is responsible for working with financial industry leaders to develop strategic solutions that facilitate Financial Institutions’ grown in payments and online banking. He is also responsible for influencing ACI’s product strategy and sales direction to drive the long-term strategic alignment between ACI and our customers. Prior to ACI, Kevin led the product management, product marketing, product strategy, and solutions consulting teams at S1 and Bottomline Technologies. Kevin has over 20 years of payments and cash management experience with banks and software providers. Kevin started his career with Wachovia playing a variety of roles within banking operations, product management, and sales. Kevin earned a BS from Appalachian State University and a MBA from the Wake Forest University Babcock Graduate School of Management.
Enjoy an evening mixer and panel discussion on what Payments may look like in 2020 – exploring the question of the role that banks may play in the future of payments. What does a 2016 world of PSD2, Fintechs, APIs, regulation, political transition portend for the involvement of banks in payments in 2020?
The panel will discuss evolving trends in the US and provide perspective on opportunities for banks as well as thoughts on how non-banks can partner with banks to thrive in the future environment.
Bring a friend and come peer into what the future may hold – and what implications that may have for a banking city like Charlotte.
A NOTE ON LOCATION: this event will be held on the Second floor of Packard Place in Suite 200!
HQC expects renovations may still be in progress on 12/2 – so we will need to move to the 2nd Main Floor Suite, previously the old rFactr Suite.
Directions: From the “Garage”-- head down the main hall and taking the stairs/elevator to the 2nd floor - the suite begins at the 2nd floor landing!
Payments: 2016 Year-In-Review & 2017 Projections of What is to Come with LEVVEL Payments Practice
LEVVEL will be presenting 2016 Payments-Year-in-Review at Packard Place + a teaser of what we might look for in 2017. If you’ve ignored payments all year, this would be your Cliff’s Notes to catch-up and sound smart. If you’ve followed all year, this will take you over the edge in your expertise and set you up for a stellar 2017. Don’t miss it.
Save an extra 30 minutes (if coming in-person) to mix and mingle with all your PayCLT friends!
About the speakers:
Payments Practice Lead
Scott Harkey leads the Payment Practice at Levvel where he manages the payments efforts with a number of US, UK, and Canadian banks, digital wallets, TSMs, Acquirers and startups on digital payment strategy, technical architecture, and custom digital payment application development efforts. Prior to joining Levvel, Scott was a Technology Executive at Bank of America managing the banks Digital Wallet efforts.
Greg is a Senior Consultant in the Payments Practice at Levvel where he is responsible for leading client engagements and building relationships with customers ranging from top-10 banks to payments enablers to start-ups. Prior to Levvel, Greg spent 7 years at Bank of America, most recently leading business-efforts in the launch of Apple Pay, Android Pay and Samsung Pay. Prior to Bank of America, Greg held a variety of financial services roles at eSpeed / Cantor Fitzgerald and Reuters. Greg holds an M.B.A. from the Darden School at the University of Virginia and a B.S. from the College of William and Mary.
The Southeast Acquirers’ Association is meeting in Charlotte this Spring, and has invited PayCLT to participate, including generously sharing a pre-registration discount code (see below). Please feel free to share with others who may be interested. Josh Brant, of our own Allegiance Merchant Services, is very involved with the organization – and this would be an excellent opportunity for our members to engage with and learn more about the acquiring space.
More Information here:
2017 SEAA Conference - March 20-22 @ Le Meridien – 555 S McDowell St.
Normal preregistration fee $99.00
PayCLT’s preregistration fee (with discount) $60.00
Promo Code: PAYCLT
The Federal Reserve and nearly 500 payment system stakeholders have joined forces as part of the Federal Reserve’s Faster and Secure Payments Task Forces to improve the U.S. payment system. These task forces have engaged in considerable industry dialogue that could fundamentally transform how we execute electronic payments. The Faster Payments Task Force will be publishing their final report in 2017 highlighting their assessment of faster payments solution proposals and the challenges and opportunities to make real-time payments a reality in the United States. During this session, you will learn more about what’s to come and how to get involved in the work underway to improve the U.S. payment system.
Download session materials:
Come play Monday Morning Quarterback at 9 AM Friday Morning 10/21 with the big payment announcements of 2015 and 2016. Join an interactive debate on the big announcement of 2015: ChasePay. Did it upend the payments industry? … or will it? Or was it a flash in the pan?... Then turn attention to the big announcement of 2016, “Zelle” – will it or won’t it? What will we say about it in 2017? See you Friday at Packard Place, before you hop on the plane to Money2020!