Bankerstuff and Payments Information Circle are pleased to announce the 2011 Payments Symposium.  The Payments Symposium will be comprised of three one-day forums in June, August and November and will be presented both in-person and virtually.  With the need for deposit growth and the increased focus on regulation and risk management, this event will bring together industry experts, bankers and the vendors who help them to work through issues in the payments landscape in the areas of Compliance, Risk and Next Generation of Payments. 

The Payments Symposium will enable attendees to come together from all parts of the country and all areas of attending organizations to discuss the issues that will impact their organizations in the coming months.  Attendees will have the opportunity to interact with other attendees and with speakers as there will be time allocated with each session for questions, answers and discussion.  And you have the option to attend in person or virtually, so even if your travel budget does not allow you to attend all of the forums, you can still keep informed as industry experts and your peers share their experience and insight on topics that impact your organization such as:

·         Corporate Account Takeover

·         Complying with Upcoming Regulatory Changes

·         Mobile Banking and Payments

·         Proposed Changes to Regulation CC

·         Performing Risk Assessments

·         FFIEC Supplement to Authentication In An Internet Banking Environment Guidance

·         Social Media and Banking

·         Effective Customer Due Diligence

·         Emerging Issues and Opportunities in Card

·         Defending Your Check Clearing Processes and Overdraft Charges

·         Managing Third Party Risk

·         Consumer and Mobile RDC

·         Auditing Your Operations

·         Managing the Next Generation of Payments Today

2011 Payments Symposium - Compliance Forum

Wednesday, June 29th - 10:00am - 4:00pm ET

10:00‐11:00 Auditing Your Operation

With any payments product offered, financial institutions are expected to understand the applicable rules and regulations, the risks involved in offering the product, and to have documented procedures and policies in place. The speakers will walk you through the audit process for ACH, RDC, and Wire Transfer and discuss the requirements for each area of review as well as how to identify gaps in the process that could lead to potential risk.

Speakers: Terri Sands, AAP, Kathy Levin, AAP, Amy Morris, AAP, Payments Information Circle

11:00—Noon Proposed Changes to Regulation CC

In March 2011, the Federal Reserve Board of Governors requested comment on proposed changes to Regulation CC to encourage banks to clear and return checks electronically, add provisions that govern electronic items cleared through the check‐collection system, and shorten the "exception" hold periods on deposited funds. The speaker will explore the proposed changes, and examine the possible impact of the changes upon the check collection process and upon payments participants.

Speaker: Richard Fraher, VP and Counsel to the Retail Payments Office, Federal Reserve Bank of Atlanta

Noon BREAK

12:30—1:30 Regulatory Changes: Will You Be Ready to Comply?

The Dodd–Frank Wall Street Reform and Consumer Protection Act has been described as the most sweeping financial reform since the Great Depression, and its impact upon the payments industry is sure to be major. Changes include creating new regulatory agencies, increasing oversight, and the “Durbin” provision which directs the FRB to regulate debit interchange. The speakers will provide an overview of the law as well as discuss key implications and impact for bankers.

Speakers: Jane Larimer, EVP and General Counsel, NACHA, and Steve Kenneally, Vice President, Center for Regulatory Compliance, American Bankers Association

1:30—2:30 FFIEC Supplement to Authentication In An Internet Banking Environment Guidance

Much has changed in the payments landscape since the FFIEC 2005 Guidance on Authentication In An Internet Banking Environment and now the regulatory guidance on this topic is changing as well. What are the long awaited changes and how will it impact your organization?

Speaker: Willam H. Henley, Jr., Senior Vice President, Reguation, BITS

2:30 BREAK

2:45—3:45 Compliance Challenges in a Changing Legal Environment

As the legal and regulatory environment continues to shift, rules and best practices seem to constantly change. The speaker will discuss emerging issues in the origination and/or acceptance of ACH, check, alternative and card payments, including new approaches to agreements, the creation and documentation of electronic authorizations and signatures, and the risks for banks involved in new payment types / technologies.

Speaker: Duncan Douglass, Partner, Alston + Bird, LLP

2011 Payments Symposium - Next Generation of Payments Forum

Wednesday, November 16, 2011 - 10:00am - 4:00pm ET

10:00‐11:00 Mobile Banking and Payments

Mobile banking, mobile RDC and mobile payments are becoming increasingly popular offerings, but often these terms are used interchangeably and it is difficult to distinguish hype from reality. The speakers will define common terms, examine how these different products and services work, and provide an update on the current mobile banking and payments landscape in the United States. The speakers will also briefly outline the key risks involved in offering mobile services and discuss issues and strategies for minimizing exposure, as well as the regulatory framework that governs mobile. The session will also include a case studies of community banks detailing the reasoning behind their decision to offer mobile products and the lessons learned during and since implementation.

Speakers: Terri Sands, AAP, and Kathy Levin, AAP, Payments Information Circle

11:00—Noon Social Media and Banking

Social media is no longer a fad and no longer something that is just for kids. With over 550 million people now using Facebook, Social Media is becoming a very important marketing and communications tool. With an increasing number of financial institution customers using Social Media both on their computers and on their mobile device, it is important to understand how financial institutions can and should utilize this powerful new communications tool.

Speaker: Scott Brandon, The Brandon Agency

Noon BREAK 

12:30—1:30 Managing the Next Generation of Payments Today

As technology continues to develops, the world of payments is changing more quickly than ever in an effort to take advantage of these new technological options. Which emerging payments technologies will win and which will lose? How will your customers want to pay for things five years from now? This session will discuss the future of payments including both traditional and alternative payments, contactless for card/mobile, EMV/chip and pin, and P2P payments. Hear what a community bank or credit union should be doing today to prepare for the payments of tomorrow.

Speaker: Steve Mott, BetterBuyDesign

1:30—2:30 Consumer and Mobile RDC Case Studies

Financial institutions have begun to offer the Remote Deposit Capture (RDC) service through different channels and to an expanding customer base. What are FIs finding most difficult about implementing these services? How are they controlling the risk? You will hear case studies from financial institutions that have successful programs in place as the speakers will discuss the reasoning behind their decision to offer these products and the lessons learned during and since implementing these services.

Speakers: Mary O’Rourke, Randolph‐Brooks Federal Credit Union, Mike Young, EverBank, and Andrea O’Connor, State Farm Bank

2:30 BREAK

2:45—3:45 Issues and Opportunities in Card

Regulatory changes are creating both challenges and opportunities in the world of card payments. This session will cover the status and implications of enactment of the Durbin Amendment, including the Federal Reserve’s pricing structure, the impact of the regulation on the emerging contactless market, and if a two‐tier pricing structure will ever be possible for small institutions. In addition, the speaker will discuss how some financial institutions are successfully taking advantage of pre‐paid opportunities to offset lost revenue and the issuing of EMV cards by some financial institutions.

Speaker: Amy Morris, AAP, Payments Information Circle