With all time high interest in a digital assets and talk of central bank digital currencies, this session puts them in context and provides a framework for further study. We review cryptocurrencies as a class of digital asset and contrast them with likely attributes of a central bank digital currency. We explore decentralized finance, and how participating with it may help community banks attract and retain clients.
Fast forward: Leading your bank to a profitable future in payments
Change in the Payments Industry continues at a breakneck pace. New technology, outside disrupters and even a “Faster” set of payment rails are forcing banks to find their own unique way forward. Now, a ruling from Federal Reserve is expanding competition in the payments space. This session will look at some of the latest debates in the payments industry, changes to payments technology and how all of it can impact your bottom line. We’ll explain how the choices you’re making will impact how much you earn on each transaction, plus how the Fed’s latest clarification on the Durbin Amendment will impact security and profitability.
Five questions to evaluate your payment program
Based on information from the Average Debit Card Interchange Fee by Payment Card Network, the annual survey conducted by the Federal Reserve, it may be time to review and evaluate your card payment program. The payments landscape is changing. Segmenting payments into signature and PIN buckets is, frankly, outdated. Understanding the difference between fixed rates and percentages helps determine how routing matters. These factors all add up to a program that can provide greater interchange for your institution. It’s time to shift your thinking and realize better results.
Our love/hate relationship with third party payment apps
Consumers love them, and there’s a good chance you’ve used one yourself. But in your role as the card issuer, the unauthorized claims related to them are a source of frustration that was intensified by the 2020 spike in volume. Join me to analyze recent P2P payments volume and fraud rates, plus the interchange revenue they generated. We’ll also dig into the unauthorized claims volume and cover best practices for error resolution and staying compliant with Reg E.
The payments landscape continues to evolve, yet the basic understanding of how payments work is often overlooked. You shouldn’t be paying for your debit card program — it should be paying you. To take advantage of non-interest income financial institutions must evaluate their payments program to receive the best interchange income. Learning how merchants influence interchange rates, opportunities and challenges presented by new technology, and the importance of gross and net interchange are just the first steps in developing your best payments program.
Standards in payments
Payments technology is evolving quickly, but who’s owns the technology and controls the way you pay? How is that changing the competitive landscape of payments in the United States? The rise of proprietary technology in payments is steering the marketplace, discouraging competition and quashing innovation. What needs to change to ensure competition and innovation flourish as technology evolves? The answer: Standards in payments.
The future of banking
The rate of change in banking technology, heightened consumer expectations and disruptive new players in the banking industry make “the future” harder to predict and plan for. What if you had a framework to evaluate and strategically plan for change? In this session we’ll look at some of the latest innovations and biggest disruptive forces for financial institutions. We’ll help put those tools and the challenges that come with them in context for you. It’s time to start asking the right questions so you can draw your own map to the future of banking!
Value of a second network
Since the implementation of Regulation II — sometimes known as the Durbin Amendment — in 2012, the value of the second network is important to community financial institutions. Why? For three reasons: 1) Levels the playing field, 2) Drives the use of standards for mobility, security and interoperability, and 3) Requires partners and vendors to allow you to do business with who you want. Find out how to evaluate a second network and why this decision is critical to your institution’s payment program.
What do you mean faster? How Faster Payments will impact your strategy
Faster payments. What does it mean? There’s much discussion and news about building a faster payments system, but how will it work for your institution? Gain greater understanding of the current payments landscape and the challenges and opportunities that exist for stakeholders. We’ll look at the practical application of faster payments in lives of our consumers and address the technologies needed and risks to consider as we race toward the future of faster payments.