Practical Strategies, Real Results Track

Sessions in this track focus on topics related to organizational goals, sound business practices, systems modernization, payments convergence and implementation planning for products, services and processes.

 

Artificial Intelligence for Smarter Payments: What's Changing Now?

Drawing from the analysis of nearly 80 AI vendor products in banking, and nearly 50 internal AI initiatives at large financial institutions, the speaker explores the difference between AI hype and real ROI in payment tech. This briefing uses visual elements to highlight AI's impact on payment processes, and unearth critical near-term trends that banking and finserv leaders need to know.    

Questions to be answered during this session: 

  1. How is AI changing payments? 
  2. What kinds of AI technologies and capabilities are the right investment for your organization?

 

Daniel Faggella
Head of Research, Emerj Artificial Intelligence Research


Citizens Bank: One Bank’s Evolution into Real-Time Payments 

This session provides a firsthand account of lessons learned during Citizens Bank’s implementation of RTP, the current status, and a look ahead. Topics to be examined include feedback from clients on what they expected, how the bank responded, and insights about the path to client adoption.    

Questions answered during this session:

  1. What were the lessons learned during RTP implementation? 
  2. What are some best practices in developing a product roadmap for RTP-enabled products?

 

James J. Maimone, CTP
SVP, Senior Payment Hub Product Manager, Citizens Financial Group

Mark Majeske
Vice President, Product Development, The Clearing House


Community FI Strategies for Survival in the Age of Acceleration 

The stakes have never been greater for community financial institutions facing a plethora of contemporary challenges. According to a McKinsey report, these inflection points include transformative shifts ranging from disintermediation threats from big tech firms, rapidly changing customer expectations, the need to drive cost-efficiencies to remain profitable and embrace new business models, such as platforms-as-a-service. But there can be good news among these threats: community FIs that understand this dynamic marketplace and respond assertively with well-executed strategic choices can not only survive, they will thrive. Join this panel to hear how successful community FIs are fine tuning their strategies to be future ready.    

Questions answered during this session:

  1. Which change management strategies are priorities for transforming the FI for future survival?
  2. How will payments be aligned in the community FI of the future?

 

Scott Erkonen
Chief Information Officer, Great Western Bank

John Smith
EVP/Chief Information & Administrative Officer, United Bank

Cary Whaley, III, AAP, NCP
1st VP, Payments & Technology Policy, Independent Community Bankers of America

Moderated by: Deborah Matthews Phillips, AAP
Managing Director, Payment Strategy, Jack Henry & Associates


Executing a Business Strategy Around Faster Payments

This session looks pass the basics of faster payments offerings and instead provides influencers, decision-makers and executives tangible tips for executing a business strategy around faster payments. Many financial institutions rely on third-party technology providers for new solutions, but they struggle to align and execute their unique strategy with the services proposed by their vendor partners. Successful implementation begins with a strong vision and clear objectives. This session takes attendees through the faster payments strategy process from development through execution. Speakers also discuss Nacha's Payments Innovation Alliance's Faster Payments Playbook.    

Questions to be answered during this session:

  1. What steps can be followed to execute a faster payments strategy?
  2. How do you work with your vendors to align their services with your organization's business needs?

 

Kathy Strasser
EVP, Chief Operating Officer, IncredibleBank

Peter Tapling, APRP
Managing Director, PTap Advisory, LLC

Tristan Thompson
SVP, Payments Group Manager, Bank Product, UMB Bank, N.A.


Faster Payments Players, Solutions & Their Role in the Future - Spotlight Session

Faster payments is now more than just a trending buzzword. It is the way of the future. Key players in the payments ecosystem have put their stakes in the ground with solutions to meet the growing demand for faster payments options. Nacha has introduced Same Day ACH. The Clearing House launched its Real-Time Payments (RTP) network. Visa operates Visa Direct and the Federal Reserve has announced plans for FedNow, a 24/7 real-time payment service. With all of these solutions either in play or soon-to-be available, what does this mean for faster payments adopters? Will these systems truly be interoperable? What does it do to competition? Hear from the key industry players leading the faster payments evolution as they discuss what's ahead.    

Questions to be answered during this session: 

  1. How can existing faster payments solutions work together? 
  2. How are faster payments solutions meeting demand today and how can they continue to meet evolving expectations?

 

Matthew R. Friend
Vice President, Head of Product Strategy & New Product Dev., Visa Inc.

Michael L. Herd
Senior Vice President, ACH Network Administration, Nacha

Steve Ledford
SVP, Product & Strategy, The Clearing House

Connie Theien
Senior Vice President and Director, Industry Relations, Federal Reserve Bank of Chicago

Moderated by: Kim Ford
Executive Director, U.S. Faster Payments Council


Future-Readiness for Community Financial Institutions - Executive Series

Balancing the demands of payments modernization and digital transformation while defending market position from new entrants requires new thinking to achieve success. How can community financial institutions ensure they are future-ready when navigating a disruptive payments landscape changing at an unprecedented rate? This session features a panel of prominent banking executives who will share their experiences and lessons learned in developing their payments strategy. Hear how these payments leaders strengthened their banks’ ability to keep pace with innovation, respond to the demand for new products like faster payments, and counter emerging competitive threats.    

Questions to be answered during this session: 

  1. How can community financial institutions ensure they are future-ready when navigating a disruptive payments landscape? 
  2. How can the executive team best communicate those initiatives to the entire staff to ensure everyone is aware of and understands the changes?

 

Misti Johnson Mostiller
EVP Director of Consumer Strategy & Innovation, Extraco Banks, N.A.

Christopher E. Richards, APRP
SVP, Chief Banking Services Officer, Cape Cod Five Cents Savings Bank

Kathy Strasser
EVP, Chief Operating Officer, IncredibleBank

Moderated by: Deborah Matthews Phillips, AAP
Managing Director, Payment Strategy, Jack Henry & Associates


Making the [Use] Case for Faster Payments - Spotlight Session

As an increasing number of faster payments solutions are introduced into the U.S. market, and the volume of transactions processed through these solutions grows, the argument still remains: Do the use cases for faster payments present enough value to foster broad-scale adoption? This session dissects current use cases and explores what is driving demand for those use cases. Learn about and share your own perspectives on the solutions that support these use cases, adoption to date, impacts to the payment life cycle, and expectations for the future. Hear how developing and maintaining a faster payments strategy is key to use case identification and implementation and maintaining customer expectations.    

Questions to be answered during this session: 

  1. Where are consumers and businesses seeing the most value with faster payments? 
  2. What does faster payments adoption look like today and what are the projections for the future?

 

Lou Anne Alexander
Group President, Payments, Early Warning

Michael A. Bilski
Chief Executive Officer, North American Banking Company

Reed Luhtanen
Sr. Director Global Treasury, Walmart Stores Inc.

Moderated by: Kim Ford
Executive Director, U.S. Faster Payments Council


Modernizing Processing Methods to Achieve Faster Payments

This session explores the current methods for processing ACH, and how modernizing them with readily available solutions will improve treasury management. These solutions can provide faster payments options, including exception handling, keep transactions secure, generate new revenue, and automate backroom processes.    

Questions answered by this session: 

  1. How can FIs repair, rather than replace, existing processes?   
  2. How can FIs achieve better processing methods and provide account holders with a faster payments experience?

 

Laura Hartness-Smith
SVP, Director of Treasury Solutions, Trustmark National Bank

Deborah A. Holt, AAP
VP & Senior Product Manager, Bank of Oklahoma

Deborah Peace, AAP
Chief Executive Officer, ACH Alert, LLC


Payments Innovations: Competition or Collaboration?

In the rapidly evolving world of payments, technology and innovation facilitate various solutions to promote security and resiliency while supporting broad access and financial inclusion. Every participant in the payments system, regardless of its role or its customer base, is faced with the challenge of assessing emerging technologies and developments in fintech to gauge the potential impact on the payments system and its stakeholders. This session features speakers with different perspectives on payments-related innovations who will explain how industry engagement and collaboration are essential to the evolution and advancement of the U.S. payments system.  Hear their real-world experiences in developing effective technical solutions in a constantly evolving industry.    

Questions to be answered during this session:

  1. What partnerships are shaping up to influence the future of payments? 
  2. What criteria are most important when evaluating investments in emerging technology and solutions?

 

Richard G. Leary
SVP - Head of Treasury Management Delivery, Wells Fargo

Keith Melton
SVP and Chief Strategy Officer, Retail Payments Office, Federal Reserve Bank of Atlanta

Stephen Mott
Principal, BetterBuyDesign


Payments Modernization: A Platform for Innovation

Financial service organizations are facing major changes in their payments landscape. There are three key factors converging in the payments space: customer experience, regulation, and innovation. This panel focuses on what payments modernization means for organizations and specifically for corporate treasury. Attendees will gain insights on the next wave of challenges and solutions.    

Questions to be answered during this session:

  1. What does the convergence of customer experience, regulation, and innovation mean for payments modernization? 
  2. What are the key inhibitors to payments modernization?

Ritesh Kirad
Managing Director, Payments Technology Leader, EY

Cerena Mitchell
FSO Payments, EY

Co-presenter to be announced


Rethinking B2C Disbursements to Experience Business Growth

Today’s culture is increasingly on-demand. And with this trend comes growing pressure from consumers to receive business-to-consumer (B2C) disbursements more quickly. According to new research, companies would be well-served by meeting this demand. This briefing session shares data found from recent survey and discusses the various ways faster payments provides opportunities for business growth.    

Questions to be answered during this session:

  1. How do consumers want to receive payments from businesses today?
  2. Which faster payments solutions do consumers prefer most for disbursements?

 

Curtis Webb
Vice President, Emerging Payments - Product Management, MetaBank


Simplifying the Complex Payments Environment for Small Business Customers

This session highlights how small businesses can be befuddled by all of the available payment options and can be nervous about selecting the right payment type. This briefing analyzes how banks can leverage tools, such as payments wizards and artificial intelligence, to better guide and inform small businesses. This session highlights the analyst's deep understanding of key trends and bank strategies in the small business space.    

Questions to be answered during this session: 

  1. How can wizards and AI be leveraged to simplify often manual and complex small business payment processes?
  2. How far are small businesses willing to go to incorporate new technology into their payment processes, and how can banks best position new offerings?

 

Christine Barry
Research Director, Aite Group


So Many Payment Channels and So Little Time

We have all heard the saying "time is money." In the payments processing world, that saying has never been more true. Organizations looking to create a global footprint, now offer multiple payment channel options, which may be convenient for customers, but not for the business itself. The time spent manually matching invoices creates delays in cash collection and an overall sense of accounts receivable chaos. In this session, learn about the latest payments trends and emerging innovations that can help businesses recoup time and control its A/R chaos. Speakers discuss how businesses can become agile, scalable and ready for the future of payments.

Questions to be answered during this session: 

  1. What is the current state of payables and receivables? 
  2. What are key pain points in the receivables and payables space, and what are the emerging trends and technology available to solve them?

 

Erika Baumann
Senior Wholesale Banking Analyst, Aite Group

Don Shaurette
Director, Market Intelligence & Strategy, Fiserv

Moderated by: Robert Unger, AAP
Senior Director, Product Management & Strategic Initiatives, Nacha


Strength in Numbers: How Collaboration Is Key to Creating a Smarter, Faster Payments Experience

Innovation should be a continuous process, particularly in financial services. With the competition from both fintech outsiders and megabanks, community FIs are under more pressure than ever to improve their offerings – especially digital payment experiences. With available technology such as artificial intelligence and automation, innovation has sprung up from every corner of the industry. Faced with these choices in a highly competitive environment, FIs need to carefully evaluate how to collaborate with other FIs and with technology providers to deliver faster, smarter payments. This session shows attendees the value of collaboration in payments innovation.    

Questions to be answered during this session:

  1. Why is collaboration so important when creating a better payments experience? 
  2. What should companies look for in potential partners?

 

Fran Duggan
CEO, Payrailz

Co-presenter to be announced


What Can We Learn from the AFP Electronic Payments Survey?

The move towards electronic payments for U.S. corporates has been a slow process. The paper check has prevailed as a major payment method for B2B transactions even as the development of faster payments solutions have become operational. The move away from legacy payment structures can be complicated and costly. This session will highlight findings from the Association for Financial Professionals (AFP) 2019 Electronic Payments Survey and will not only share insights to what inroads electronic payments have had in the corporate space, but also what it will take for corporates to begin adopting faster payments.    

Questions to be answered during this session: 

  1. What is the current paper check use for B2B transactions? 
  2. What are some of the barriers for corporates to adopt faster payments?

 

Tom Hunt, CTP
Director of Treasury Services, Association for Financial Professionals

Sassan Parandeh
Global Treasurer, ChildFund International