Presentation is loading. Please wait.

Presentation is loading. Please wait.

The Evolution of Payments Panel © 2014 EastPay. All Rights Reserved Commonwealth Association for Financial Professionals May 14, 20145.

Published byValentine Johnson Modified over 8 years ago

Similar presentations

Presentation on theme: "The Evolution of Payments Panel © 2014 EastPay. All Rights Reserved Commonwealth Association for Financial Professionals May 14, 20145."— Presentation transcript:

1 The Evolution of Payments Panel © 2014 EastPay. All Rights Reserved Commonwealth Association for Financial Professionals May 14, 20145

2 Panelists Rubon Safaraliev, Manager, Customer Payment Services, Dominion Brad Smith, Payments Strategy & Industry Engagement, Enterprise Payments, CapitalOne Glenn Davis, Technical Product Consultant, BB&T Moderator: Norman Robinson, AAP, CTP, Pres & CEO EastPay © 2014 EastPay. All Rights Reserved

3 In the US, Cash is still king when it comes to the volume of payments Source: McKinsey 2015 Q1 US Payment Map Billions US Payment Volume Cash Prepaid Credit Card Debit Card ACH Check Wire

4 Payment transaction dollars are dominated by ACH and Check Source: McKinsey 2015 Q1 US Payment Map $ Billions Cash Prepaid Credit Card Debit Card ACH Check US Payment Transaction Dollars ($ Billions) Average dollar amount per transaction by payment type (2015) Wire Cash Debit Card Credit Card ACH Check Prepaid Wire $19$40$98$2,382$1,557$24$72,928

5 General Topics 1.Modernization of the Payments System Same Day ACH The Clearing House Initiative Federal Reserve’s Payments Improvement 2.Alternative Payments Apple Pay, ClearXchange, Merchant Exchange, etc. 3.Data Security Issues EMV, Tokenization, etc. 4.Questions © 2014 EastPay. All Rights Reserved

6 Questions? 6 © 2013 EastPay. All Rights Reserved

7 Contact The Panel Rubon Safaraliev Mehrubon.Safaraliev@dom.com Brad Smith Bradley.Smith2@capitalone.com Glen Davis GADavis@BBandT.com Norman Robinson nrobinson@eastpay.org © 2012 EastPay. All Rights Reserved

Download ppt "The Evolution of Payments Panel © 2014 EastPay. All Rights Reserved Commonwealth Association for Financial Professionals May 14, 20145."

Similar presentations

Chapter 6 E-commerce Payment Systems. Traditional Payment Systems Cash Checking Transfers Credit Card Accounts Stored Value Accounts Accumulating Balance.

Chapter 6 E-commerce Payment Systems. Traditional Payment Systems Cash Checking Transfers Credit Card Accounts Stored Value Accounts Accumulating Balance.
Key Messages: This CheckImage Collaborative image clearing report reflects transactions settled through the Federal Reserve, Viewpointe, The Clearing House.

Key Messages: This CheckImage Collaborative image clearing report reflects transactions settled through the Federal Reserve, Viewpointe, The Clearing House.
Key Messages: Paper checks are being transitioned to electronic images of checks at a pace that is unprecedented. Check images are currently collected.

Key Messages: Paper checks are being transitioned to electronic images of checks at a pace that is unprecedented. Check images are currently collected.
A Whitman’s Sampler of Current Electronic Payment Initiatives Hampton Roads AFP Chapter Oct 8, 2013 Norman Robinson, AAP, CTP President & CEO EastPay.

A Whitman’s Sampler of Current Electronic Payment Initiatives Hampton Roads AFP Chapter Oct 8, 2013 Norman Robinson, AAP, CTP President & CEO EastPay.
U.S. Payments Landscape Moderator: Cheryl T. Lambert ACSDA Leadership Forum Moderator: Cheryl T. Lambert ACSDA Leadership Forum.

U.S. Payments Landscape Moderator: Cheryl T. Lambert ACSDA Leadership Forum Moderator: Cheryl T. Lambert ACSDA Leadership Forum.
Banking products and operations. withdrawal A withdrawal in a bank / withdraw money = to take money out of a bank account.

Banking products and operations. withdrawal A withdrawal in a bank / withdraw money = to take money out of a bank account.
Credit card and Debit card Working and Management.

Credit card and Debit card Working and Management.
Philip is a subject matter expert in Accenture’s Payment practice with more than 30 years experience across payments, transaction processing, networks,

Philip is a subject matter expert in Accenture’s Payment practice with more than 30 years experience across payments, transaction processing, networks,
Key Messages: Paper checks are being transitioned to electronic images of checks at a pace that is unprecedented. Check images are currently collected.

Key Messages: Paper checks are being transitioned to electronic images of checks at a pace that is unprecedented. Check images are currently collected.
Electronic Payment Systems Dr. Donal O’Mahony Director, Networks & Telecommunications Research Group, Trinity College Dublin.

Electronic Payment Systems Dr. Donal O’Mahony Director, Networks & Telecommunications Research Group, Trinity College Dublin.
How should I pay?. I listed these in the order I think you are most likely to encounter them.  Cash  Check  Debit card (use for a Debit or Credit transaction)

How should I pay?. I listed these in the order I think you are most likely to encounter them.  Cash  Check  Debit card (use for a Debit or Credit transaction)
CIS 342: e-Commerce Applications Prof Frye

CIS 342: e-Commerce Applications Prof Frye
EMV Panel: Part Two (Follow up to Last Year’s Panel) Joseph D. Tinucci, AAP, CTP Kim Smith-Gross, CTP Matt Davies, AAP, CTP, CPP 2015 ROCKY MOUNTAIN SUMMIT.

EMV Panel: Part Two (Follow up to Last Year’s Panel) Joseph D. Tinucci, AAP, CTP Kim Smith-Gross, CTP Matt Davies, AAP, CTP, CPP 2015 ROCKY MOUNTAIN SUMMIT.
Federal Home Loan Bank of Chicago Correspondent Products & Services April 2012.

Federal Home Loan Bank of Chicago Correspondent Products & Services April 2012.
Electronic Commerce Payment Systems. Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall 1.Understand the shifts that are occurring with.

Electronic Commerce Payment Systems. Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall 1.Understand the shifts that are occurring with.
Traditional and Electronic Payment Methods Chapter 3.

Traditional and Electronic Payment Methods Chapter 3.
© 2009 National Automated Clearing House Association. All rights reserved. Industry Perspectives on Emerging Risks and Public/Private Engagement: Network.

© 2009 National Automated Clearing House Association. All rights reserved. Industry Perspectives on Emerging Risks and Public/Private Engagement: Network.
SMU Dedman School of Law September 29, 2008. Agenda Topics  Who is PaymentsNation?  Who Are The Other Players?  What is Happening in Payments?  Emerging.

SMU Dedman School of Law September 29, Agenda Topics  Who is PaymentsNation?  Who Are The Other Players?  What is Happening in Payments?  Emerging.
Learning Objectives © 2014 Cengage Learning. All Rights Reserved. LO4Analyze and record cash transactions using source documents. LO5Analyze and record.

Learning Objectives © 2014 Cengage Learning. All Rights Reserved. LO4Analyze and record cash transactions using source documents. LO5Analyze and record.
Business Administration term 4 2008 project 2 (25%) financial Management Systems Debit card and credit card payments By Ashleigh Gray.

Business Administration term project 2 (25%) financial Management Systems Debit card and credit card payments By Ashleigh Gray.

Similar presentations

Ads by Google