| Global Focus |
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Sponsored by |
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This track focuses on the leading issues,
major challenges, the latest in strategic
thinking, and the solutions that are being
implemented or explored in the global
payments sector. Both the corporate and
financial institution perspectives are
addressed. While some sessions provide
insights and perspectives from the U.S.
community to the global market, other
sessions approach the subject matter from
the point of view of stakeholders elsewhere.
Additional sessions on global payments from
a truly international vantage point are also
featured. |
ACH Remittances to Mexico
With its Directo
a Mexico(SM) program, the Federal Reserve offers U.S.
financial institutions the ability to send funds to Mexico
through the ACH Network with recipient account pre-opening at Mexican
financial institutions. This session features the hands-on experiences of a U.S. credit
union using the service with recipient account pre-opening developed by Bansefi, the Mexican government-owned bank. Hear first
hand about the benefits of using the program, as well as lessons learned and
best practices for supporting the service and promoting it to account
holders. Hear what is next in the growing cross-border remittance arena.
Elizabeth McQuerry
Assistant Vice President, Federal Reserve Bank of Atlanta
Eileen M. Purdy AAP, CTP
Product Manager, Southwest Corporate Federal Credit Union
Iliana de Silva
Product Development Manager, Bansefi
Global Challenges & Lessons Learned in
International ACH
As more companies experience a need to
electronically disburse repetitive payments globally (dividends, payroll,
vendor payments, government agency disbursements, etc.), they are looking for
more ways to overcome the challenges associated with an inconsistent global
payments environment. Specifically, how to simplify repetitive disbursement
implementations, determining the best delivery channel option --Internet
versus transmission, navigating the global paper to electronic migration and
understanding of lessons learned about overcoming such obstacles. This
session addresses challenges in the global payments environment and lessons
learned from implementing an international ACH program.
Leigh Anna Hall
International Payments Product Manager, Wachovia Bank, N.A.
Cheryl Parker
EFT Manager, Virginia
Department of Social
Services
SEPA is Almost Here: Are You Ready?
With the realization of a Single Euro
Payments Area (SEPA) just around the corner, presenters in this session
provide an insider's view on the progress made by the European Payments
Council (EPC) towards the implementation of SEPA. This implementation carries
the promise to transform and shape the current complex and inefficient
European payments landscape into a harmonized efficient market infrastructure
backed by a single legal framework for Euroland
payments. Learn about the historical context of SEPA along with the current
stakeholders and building blocks that will make this initiative a reality.
Gain an in-depth understanding of the new SEPA instruments and how they will
impact and benefit corporations and banks, while providing new opportunities
and challenges for both. Understand the actions that need to be taken to
prepare your organization for this historical development.
Arthur Brieske
Director, Head of Global ACH & db-worldPAS,
Deutsche Bank
Electronic Format Standards: What Makes
Them "Standard"?
NACHA, EDI, EDIFACT, BAI, ISO 15022, ISO
20022, FedWire -- each of
these represents rules that allow one application to communicate with another
application preferably without human intervention. What makes a standard
"standard"? In this session, presenters explain the process of
establishing a "standard" from the inception. Presenters walk
attendees through the steps of when the need for standardization is
recognized, through development of the standard and its completion. The
current status of several new standards in various stages
of the development process are reviewed, including innovative XML
formats to be used for SEPA.
Malene McMahon
Senior Manager, SWIFT
Cross-Border Remittances: My Family's
Money
This session examines the ever-growing
aspect of low-value cross border remittances abroad by individuals working in
the U.S.
who need to send money back home to their families. What are the mechanisms
for doing this and how does this affect your financial institution from a
regulatory standpoint? Presenters discuss the foreign exchange benefits,
operational hurdles, and the large fee-based revenue that drives this
business.
Joseph P. Mazzetti
Executive Vice President, Fundtech Corporation
Conrad C. Steinmann Jr.
VP, Global Payments, Citigroup, Inc.
Building a National Payments System from
Scratch
This session features a distinguished
panel in a review of a multi-year project to rebuild the payments system of
an emerging economy in order to achieve fundamental national economic goals.
The Kyrgyz Republic, an emerging economy in Central Asia and a former Soviet
Republic, is in the process of implementing a multi-year installation of key
payment systems including a bulk clearing system, card processing system,
real-time gross settlement system, and a new central bank general ledger. The
goal of the project is the overall improvement of the economy by
significantly increasing bank accounts and bank deposits. Panelists explore
the key elements of the program and lessons that can be applied by other
emerging economies. Interesting observations on payment system evolution in
mature economies such as the U.S.
are shared as well.
Christopher J. Haney
Founder, Politzer & Haney
Shamil Aidarkulov
Chief Accountant, The National Bank of the Kyrgyz Republic
Chinara Imankulova
Member of the Board of Governors, The Nat'l Bank of the Kyrgyz Republic
Richard R. Oliver
EVP & Retail Payments Product Manager, Federal Reserve System
Svetlana Sarybaeva
Head of Methodology & Analysis Division, The Nat'l Bank of the Kyrgyz
Republic
Global Sourcing: Changing Payments &
Treasury Management
How can global sourcing improve the
payments and treasury operations at a financial institution? Some of the ways
that banks and even corporates are leveraging
different types of sourcing solutions will surprise you. It is not all about
offshore call centers any more. Learn some of the significant strategic
implications to global sourcing. Join one of the leaders in sourcing
solutions in examining various case studies of how institutions and companies
are improving operations and financial performance through creative sourcing
combinations.
Charles B. Wickenden CCM
Business Development Executive, IBM Corporation
KYCC Know Your Customer's Customer
Making the leap to payments? Do you really
know who your corporate customer is? Presenters in this session talk about
how to properly vet your corporate customer. Hear about the steps in the
process and how to be in compliance with both U.S. and international
regulations regarding privacy and corporate identification.
Jim A. Gross CCM
Senior Vice President, Wells Fargo
Rene Pelegero
Sr. Dir. Industry Relations, Strategy & Compliance, PayPal, Inc.
The Relevance & Impact of SEPA: A Corporate
View
The launch of the Single Euro Payments
Area (SEPA) will transform the payments landscape in Europe.
Its implications are far-reaching and encompass organizational, political,
economic, and technical issues. But what does SEPA mean to businesses in
North America that transact with buyers and sellers in Europe?
Companies need to ensure that they are ready to meet the SEPA challenge, and
must work to evolve their processes and systems that are tied to payments and
account structure. This session examines SEPA from the corporate perspective,
addressing the benefits and considerations as implementation approaches.
Anne Boden
Managing Director of Transaction Banking, ABN AMRO Bank
The Impact of Basel II
The Basel II Accord represents
recommendations by bank supervisors and central bankers from the 13 countries
making up the Basel Committee on Banking Supervision (BCBS) to revise the
international standards for measuring the adequacy of a bank's capital. It
establishes a more comprehensive measure and minimum standard for capital
adequacy and should instill greater consistency in the way banks and banking
regulators approach risk management across national borders. The intent is to
align regulatory capital requirements more closely to the underlying risks
that banks face, and to promote a more forward-looking approach to capital
supervision. It is hoped that Basel II proves to be more flexible and better
able to evolve with advances in markets and risk management practices. This
session explores the framework provided by Basel II and examines the
implications for financial institutions.
Gabriel David
Director, Business Development, GTS, IBM Corporation
The Road Ahead: Opportunities in Large
Value Payments Systems
Recent research by the Federal Reserve and
The Clearing House Payments Company shows a growing preference among U.S.
companies to make electronic payments to business and trading partners, but a
lack of standards is holding back the migration from paper checks to
electronic transactions for B2B payments. This session details new research
that highlights the importance of a single remittance information standard to
reconcile invoices and provides an update on the progress of
straight-through-processing initiatives Participants will learn the
following: Survey data and focus research on the state of wire-transfers in
the banking industry The preferences of corporations for wire and ACH
payments The active effort between The Clearing House and the Federal Reserve
to create a single U.S. remittance information standard that can eventually
be used globally
Henry C. Farrar
President & COO, CHIPS
Ken Isaacson
Assistant Vice President, Federal Reserve Bank of New York
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