Symposium on Immediate Funds Transfer for General-Purpose Payments

September 6-7, 2011

 

Immediate Funds Transfer (IFT) essentially extends the benefits of real-time gross settlement to individuals, businesses and governments at low cost. Our symposium will consider the potential of this innovative method of payment for improving the U.S. payment system, learning from other countries and evaluating the challenges in making such a leap in the U.S. We will also take up public policy questions that are stimulated by this type of innovation.

 

Join us to discuss this topic with a select group of leaders from the U.S. payments industry as well as from countries that have implemented IFT.

 

Please visit this website to view updates to conference information and the agenda.

 

For more information or to register, please contact Sandy Schneider.


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09/06/11
5:00 PM
ReceptionFederal Reserve Bank of Chicago
09/07/11
8:00 AM
Breakfast
9:00 AM
Opening Remarks
Gordon Werkema, First Vice President and Chief Operating Officer, Federal Reserve Bank of Chicago
9:15 AM
Session 1: Keynotes on International Experiences with Immediate Funds Transfer
Facilitator
Bruce J Summers, Former Director, Federal Reserve Information Technology
Speakers
Marion King, Chief Executive Officer, VocaLink
Presentation
Ricardo Medina-Alvarez, Director of Payment Systems, Banco de México View Bio
10:45 AM
Break
11:00 AM
Session 2: Consumer Demand for Immediate Funds Transfer Service in the U.S.
Facilitator
Kirstin Wells, Business Economist, Federal Reserve Bank of Chicago
Speakers
Tony Catalfano, Division President, Digital Payments, Fiserv, Inc.
Paul Grill, Partner, First Annapolis Consulting, Inc.
Vipul Shah, Global Head of Core Payments, PayPal
12:00 PM
Luncheon Keynote
Jeffrey Lacker, President, Federal Reserve Bank of Richmond
1:30 PM
Session 3: Business Demand for Immediate Funds Transfer Service in the U.S.
Facilitator and Speaker
Christopher Huppert, Senior Vice President, Wells Fargo Wholesale Internet and Treasury Solutions Group
Speakers
Lauren A Hargraves, Senior Vice President and Manager, Federal Reserve Wholesale Product Office
Sheryl R Morrow, Assistant Commissioner, Financial Management Service, U.S. Department of the Treasury
Jon Wells, Director of Banking and Cash Management, Allstate Insurance Company
2:30 PM
Break
2:45 PM
Session 4: Implementation Considerations
Facilitator and Speaker
Russ Waterhouse, Executive Vice President, The Clearing House
Speakers
B C Krishna, President and Chief Executive Officer, MineralTree
Liz Oakes, Director of Industry Relations, VocaLink
3:45 PM
Session 5: Summary and Next Steps
Speaker
David Marshall, Senior Vice President, Associate Director of Research and Director of Financial Markets Group, Federal Reserve Bank of Chicago
3:45 PM

Conference will adjourn at 4:30 p.m.

 

 

Last Updated: 08/18/2011


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Hotel Information

Hotel Monaco Chicago
225 N Wabash Ave
Chicago ,  IL   60601
Website

 

One of the top 40 hotels in the U.S. Overlooking the Chicago River, in the city's theater district, this property features morning coffee and tea service, hosted evening wine hour, the award winning South Water Kitchen restaurant and is a recipient of the AAA four diamond award. 

 

The cut-off date for the room block has passed. However, rooms are still available at the symposium rate of $189.00 single/double occupancy + 15.4% tax. To reserve a room, please contact Caitlin Callahan, Catering and Conference Services Manager at (312) 960-8522 or via e-mail and mention you are with the Federal Reserve Bank block. She will assist you with your room reservation. You will need a credit card to reserve a room.


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Background Information

Resources and information that provide context to the symposium.


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