3rd Annual Real Time Payments Summit 2019- New York | Kinfos Events Ltd | 14 November 2019 | The Watson Hotel, 440 W 57th St, New York, NY 10019, USA

Real-Time Payments or Faster Payments are set to drive the most significant transformation in the global payments landscape since the introduction of today’s electronic payment mechanisms. Consumers expect to pay for and receive their purchases as fast as possible- 24/7*365 days. Merchants on the other hand, expect to have the certainty to be paid as soon as they release their goods and services, enhance their cash flow management, reduce fraud activity and provide incremental value to their customers. Regulators and central authorities are also aiming to modernize legacy payments infrastructure, promote digitization of the economy, through Real-Time Payments.

In 2016, we at Kinfos Events, identified that there was a growing interest on Real-Time Payments and in 2017, we launched word’s first focused conference series on Real-Time Payments in Europe, and later in the United States and Australia.

Engage at this ‘one of a kind’ event to strongly position your brand across many key stakeholders. This event provides a perfect platform to obtain latest insights on how real-time payments are transforming the US banking landscape, global and local challenges, implementation strategies, use cases, lessons learnt, latest updates and much more.

Why Real-Time payments?
Real-Time payments are set to drive the most significant transformation in the global payments landscape since the introduction of today’s electronic payment mechanisms.

In the digital era, it is incomprehensible why e-payments should take longer than e-mails or Real-Time messages/ SMS, live movie streaming or Instagram. There is definite growing demand for immediacy of retail payments transactions and delaying things would be denying customers of their needs and expectations.

What are the key drivers of Real-Time Payments?
Customer’s need for overlay services – To meet the Customer’s growing demand for immediacy of retail payments Customers expect to pay for and receive their purchases as fast as possible. Suppliers, on the other hand, wish to have the certainty to be paid as soon as they release their goods and services.

Need for banks to remain competitive – Real-Time payments will help banks to not just stay competitive by improving the transaction velocity, reducing fraud risks in the transaction processing but also boost its business growth by offering holistic payments solutions spanning the value chain in order to differentiate from Non-Bank Players.

Regulators need for encouraging competition and digitalization – Regulators and central authorities top agenda is to promote fair competition, Anti-Money Laundering, customer protection, and improving clearing & settlement mechanisms and digitalization of the economy.

Need for ubiquitous Payments – Industry’s growing demand to modernize legacy payments infrastructure across countries to offer more ubiquitous payments instruments.
Non-bank players need for customer acquisition – There will be a level field in a post PSD2 world and Non-Bank players want to enter into this space and use Real-Time Payments as a potent tool to drive significant market customer growth.

What are the main benefits of Real-Time Payments?
• Dramatically improves the transaction velocity, overall efficiency and therefore customer’s satisfaction.
• Reduces fraud risk in the transaction processing by reducing transfer time.
• Creates new revenue sources and business growth by offering holistic payments solutions.
• Reduces transaction, treatment and settlement costs and nearly zero cost of cash management, handling and reconciliation for merchants.
• Reach new markets
• Obtain competitive advantage of being providers of holistic payment services
• What are the challenges for Real-Time Payments?

Real-Time Payments currently does not have a proven business case – there is uncertainty on if customers would be willing to pay premium for the service?
Banks would face investment costs (both one-off & ongoing maintenance) as a key challenge – depending upon the complexity of the implementation with the existing systems.

Implementation would be challenge especially when banks would like to integrate it with its existing infrastructure/systems and implement in parts.
How will banks handle AML and KYC requirements in an Real-Time environment?
Interoperability could be a key challenge where different regions may operate with different schemes.

2019 Speakers

Tim Boike
Vice President of Industry Relations, Federal Reserve Bank of Chicago

David True
Partner, Paygility Advisors

Mithun Dig
Director | Delivery Strategy – Payments, CIBC

Christopher Chazin
Director, NA Product Head, Emerging Payments and Channels, Citi

Michelle Brick
Senior Director, RTP, RBC

Jim Maimone
SVP Product Manager – Real-Time Payments, Citizens Bank

Karen Buck
EVP, Commercial, Retail and Payment Operations, TD Bank

Ryan Masters
Executive Director, Strategic Relationship Manager, SWIFT

Andrew C. Haskell
Vice President, Senior Product Manager, BNY Mellon

Nick Rosenberg
Executive Vice President, Head of Global Payments Group, Metropolitan Commercial Bank

Jon Prendergast
SVP, Head of US Payments Strategy, TD Bank

Steve Ledford
SVP Products and Strategy, The Clearing House

Carolyn Criscitiello
Head of Digital Payments, HSBC Bank

Dean Nolan
VP | Head of Merchant Services & Fintech Solutions, Fifth Third Bank

Tom Pendolino
SVP, Global Product Manager, Wells Fargo

Atilla Csutak
EP – VP, Product Manager – RTP/Zelle, KeyBank

2019 Sponsor

• Shieldpay