BAFT-IFSA · Treasury Services - BSmS BNY mellon Barry Tooker Vice President clear2Pay 4:30 –...

BAFT-IFSAGlobal Payments symPosium manaGinG new Realities in Global Payments

July 11–12, 2013 | New York, New York

Hosted by BNY Mellon

2 BAFT-IFSA Global Payments Symposium

ProGrAm Schedule

ThurSdAY JulY 117:30 – 8:30 AM Conference Registration and Breakfast

8:30 – 8:35 AMWelcome Address

8:35 – 9:00 AM Keynote Address

Speaker

Michael Bellacosa managing director BNY mellon

9:00 – 10:15 AM Dodd Frank 1073 – What’s Next?

on April 30, 2013, the consumer Financial Protection Bureau (cFPB) released the final rule regarding the amendment of regulation e for remittance Transfers. While this latest amendment to the final rule offers more straightforward options to comply, some questions still remain. Panelists will describe how preparations have changed in light of this announcement, how the market has reacted and what’s next.

Moderator

Stephen Wojciechowicz director, uSd clearing Product deutsche Bank

Panelists

Kate D. Gallivan Senior Product manager for Foreign exchange Payments J.P. morgan

Alaina Gimbert Vice President and counsel The clearing house

Eric Goldberg counsel, office of regulations consumer Financial Protection Bureau

Daniel Lainsbury Senior counsel Wells Fargo Bank NA

Kenneth Wong Vice President and director Financial Institutions Products management Td Securities

10:15 – 10:30 AMCoffee Break

10:30 – 11:00 AM Are You Ready For FATCA?

The Foreign Account Tax compliance Act is in effect. learn how the IrS and the Treasury are working globally to encourage international partnerships, and what else is needed to prepare.

Introduction

Philip Zeidner Vice President Senior uSd Payments Product manager Treasury Services - BSmSB NY mellon

Speaker

Greg Cioffi executive director Internal Tax counsel, Treasury and Security Services J.P. morgan

11:00 AM – 12:00 PM Trends in Remittance Payments to Latin America

consumer payments sending money back home provide banks with enormous opportunity to find new clients and to generate new revenue. New studies show how immigration to the uS from latin America is one of the hot spots. This session will review some of the new research for the region, highlighting the where, who and how this industry operates. learn what you can do to capture some of this revenue stream and what regulations might impact its red-hot growth.

Speaker Stephen Wojciechowicz director, uSd clearing Product deutsche Bank

12:00 – 1:30 PM Lunch with Guest Speaker on Big DataSpeaker Ashish Shrowty Technology lead BNY mellon

1:30 – 2:15 PMPayments Regulation: An Even Hand

As technological developments offer new options for moving funds, is regulation keeping up? do providers of mobile payments, virtual currencies, and other options offer the same protections to their clients as providers or Ach and wires? This panel will discuss the legislative landscape, comparing rules for traditional payment providers with new entrants.

BAFT-IFSA Global Payments Symposium 3

Moderator

Barry Tooker Vice President clear2Pay

Speaker

Tom Meredith chairman and ceo P2P cash

2:15 – 2:45 PMOn The Rebound – The Economic Landscape

Some indicators point to continuing expansion of many developed economies. Are we out of the woods? What key events might make our break this economic recovery? Join us this session for a review of the global economic outlook. (Issues could cover global liquidity, Basel III, reg YY).

Introduction

Philip Zeidner Vice President Senior uSd Payments Product manager Treasury Services - BSmS BNY mellon

Speaker

Richard Hoey chief economist BNY mellon

2:45 – 3:00 PM Coffee Break

3:00 – 3:45 PM Improvements in Payments Efficiency: Sanctions and Other Initiatives

Typical bank STP rates exceed 90%, but is there more efficiency to be found? Speakers in this session will explore industry initiatives to create greater efficiencies through the standardization of sanctions inquiries and other processes.

Speakers

Michael Knorr managing director citi

Michael Mangieri Senior Vice-President Global Payment Services Wells Fargo Bank NA

3:45 – 4:30 PM Fireside Chat

There are a lot of important issues impacting the uSd Payment community - dodd Frank 1073 and disclosures, industry consolidation, regulatory realities, Payment hubs, extended remittance Information, and much more. While they are all important, how do you know if you are focused on the right issues, and even more importantly, are you doing the right things? Your hosts for this session believe this a great time to sit down and have a chat with you, to discuss or debate the Payments Business and today’s fast changing environment. come be part of this conversation.

Speaker



4:30 – 5:15 PM Basel III – Liquidity Management

The changes required by Basel III will have impacts extended far beyond just banks. The speaker in this session will provide insights into what services will likely change as a result of this legislation and when.

Introduction


Speaker

Joe Pawelcyck JP morris consulting Group

5:15 – 6:30 PM Reception

Global Payments Symposium sponsored by


FrIdAY JulY 127:30 – 8:30 AM Conference Registration and Breakfast

8:30 – 8:45 AM Welcome Address

8:45 – 9:30 AM Global Payments Update

The World Payments report explores how the global payments landscape is responding to shifts in economic and competitive conditions, advances in technology and the push-pull relationship between regulation and innovation. Speakers will highlight global and regional payment trends including developments in non-cash instrument usage, an analysis of the dynamics between regulation and innovation and how different types of payment innovation from bank and non-bank players can create sustainable differentiation while meeting future client and business needs.

Introduction

Stephen Wojciechowicz director, uSd clearing Product deutsche Bank

Speakers

Deborah Baxley Principal capgemini Global Financial Services

Teresa Connors head of client engagement, International Banking royal Bank of Scotland Plc

9:30 – 9:45 AM Coffee Break

9:45 – 11:00 AM Market Infrastructure Update

This session will provide an update from the Federal reserve, the clearing house and SWIFT on the latest initiatives.

Moderator


Panelists

Ken Isaacson Vice President Federal reserve Bank of New York

Tom Obradovich Senior Financial Industry consultant SWIFT

Eileen Dignen director The clearing house

11:00 – 11:45 AM What’s Next For Payments?

The payments industry is evolving daily. To keep abreast with the newest trends, panelists in this session will discuss developments in message standards, like ISo20022, extended remittance information (erI), and Payments Notification.

Moderator

Robert Ortiz Vice President Wells Fargo Bank NA

Panelists

Roy DeCiccio executive, Senior Vice President J.P. morgan

Ken Isaacson Vice President Federal reserve Bank of New York

11:45 AM – 12:15 PM Knowing How To Pay

even with the contraction of the number of banks in the world, payments professionals still struggle to identify correspondent banks. While Standing Settlement Instructions might be published by a bank connected to SWIFT, they might not be published. Also, what about all the banks not connected to SWIFT? This session will detail developments in reference data and how technology can help you make every payment right the first time.

Speaker Tom Obradovich Senior Financial Industry consultant SWIFT

12:15 – 12:30 PMConference Wrap-Up

ProGrAm Schedule


deborah Baxleydeborah Baxley is a Principal with capgemini Financial Services consulting. She is a recognized expert in the payments industry and 30-year IBm veteran with 20 years consulting experience in 14 countries. She possesses in-depth experience in mobile payments and credit cards. She is an officer on the Smart card Alliance Payments council, officer of NYPAY and W-Net payments networking groups, advisory Board member at Brighter Planet, socially responsible company helping manage and mitigate carbon emissions using cutting-edge analytics linked to payment cards, and certified Smart card Industry Professional. She is a frequent keynote speaker and prolific author on topics of mobile and advanced payments innovation.

Gregory cioffimr. cioffi has worked for over two years as a member of the client Tax Services group in the corporate & Investment Bank at J.P.morgan. mr. cioffi is responsible for tax product development, compliance and risk management, with emphasis on North America products and clients. Prior to J.P.morgan mr. cioffi worked for 24 years at citigroup, primarily as an international tax counsel.

Teresa connorsAs head of client engagement, Teresa enhances rBS’ business engagement with clients on strategic issues through the delivery of a relevant and value-added Thought leadership programme. Teresa is an author of the annual World Payments report, driving the brand and optimising the flow of business intelligence across the TS business.

Immediately prior to this role, Teresa was head of Product development in the rBS uK domestic Bank, managing the investment budget and delivering client centric solutions. This role bridged products on both sides of the balance sheet. Teresa has strong deposit and investment experience, including leading a regulated sales team and managing a money market fund. externally, Teresa is a media and conference spokesperson on transaction banking issues for rBS and as an influential member of a number of external fora. her current external positions include representing rBS in the International Payments Framework Association.

roy deciccoroy decicco is a managing director for J.P. morgan’s corporate and Investment Bank - Global markets Infrastructure Group. Based in New York, mr. decicco manages the firm’s relationship with payments and clearing market infrastructures and strategic payments-related initiatives with industry associations, public policy authorities, international market infrastructures and other financial institutions.

These responsibilities provide for active engagement with key industry organizations. mr. decicco is the chairman the Accredited Standards committee (ASc) X9 Board, the chairman of the ABA Payment Systems Administrative committee and the co-chair of the SWIFT Payments market Practice Group. he is also a member of the Federal reserve Payments risk committee Working Group.

eileen digneneileen has recently joined The clearing house as SVP, chIPS Product and Strategy. Prior to joining The clearing house, eileen was managing director, SWIFT Americas. during her time with SWIFT, eileen was responsible for the growth and development of SWIFT’s products and services in payments and trade, as well as managing sales for corporates and latin America. eileen has over 25 years of experience in international banking, both in credit and transaction services, including 8 years with citi as managing director with citi Global Transactions Services & head of Global Payments for Financial Institutions. eileen also served over 15 years in various business development, lending and product roles with coreStates/First union, before the Wachovia acquisition.

GPS BIoGrAPhIeS


Kate GallivanKate Gallivan, executive director, is Senior Product manager for Foreign exchange Payments at J.P. morgan. She is responsible for the development of a comprehensive solution for dodd Frank Section 1073 compliance. A J.P. morgan chase Bank employee since 1998, she has held positions in both product management and sales. She had led several other large-scale projects with regulatory implications. Before joining J.P. morgan chase, Kate worked on the fixed income desk on the trading floor at BankBoston (now Bank of America). She obtained an mBA from Simmons college School of management and a BA from loyola university.

Alaina Gimbertms. Gimbert provides primary legal support to The clearing house’s Ach and check image businesses and secondary support to its wire businesses. She also engages in payments law advocacy efforts for The clearing house’s owner banks and is the principal staff advisor for The clearing house’s Payments law committee. She is responsible for following regulatory and legislative developments in the payments space and engaging with regulators, other trade associations, and industry participants to advance the interests of The clearing house’s payments company and its owner banks with respect to payment issues. Prior to joining The clearing house ms. Gimbert was counsel to the Federal reserve Bank of Atlanta, providing legal support to the reserve Banks’ national Ach and check services. She received both her B.A. and J.d. degrees from the university of North carolina at chapel hill.

eric Goldbergeric Goldberg joined the consumer Financial Protection Bureau’s office of regulations, division of research, markets & regulations as a counsel in 2012. As part of the office of regulations, mr. Goldberg led the team that recently revised the Bureau’s remittance rule. mr. Goldberg has also worked on several of the Bureau’s other rulemaking projects and studies. Prior to joining the Bureau in 2012, mr. Goldberg worked in the Washington, d.c. office of Goodwin Procter llP where he represented clients in consumer financial services class actions and government enforcement actions, and also provided regulatory compliance counseling for banks, credit card issuers, and mortgage lenders and servicers. Prior to joining Goodwin Procter, mr. Goldberg was a law clerk to the honorable John e. Jones, III of the united States district court for the middle district of Pennsylvania. mr. Goldberg is a graduate of the Northwestern university School of law and haverford college.

richard B. hoeyrichard B. hoey is chief economist of BNY mellon and The dreyfus corporation. mr. hoey is responsible for monitoring all aspects of the economic environment for BNY mellon including the u.S. economy, the global economy and currencies. he works closely with the heads of various specialized equity and fixed income teams. earlier in his career, mr. hoey managed three equity mutual funds which, in the aggregate, grew to over $2 billion in size. mr. hoey became chief economist of dreyfus in 1991, mellon Financial corporation in 1999 and The Bank of New York mellon corporation in 2007.

daniel lainsbury daniel lainsbury serves as Senior counsel at Wells Fargo & company providing legal and regulatory advice on Anti-money laundering, sanctions, anti-corruption, consumer regulatory and payment systems issues across the Wells Fargo global enterprise. Prior to joining Wells Fargo in 2006, he was an attorney at the Federal reserve Bank of minneapolis, the dorsey & Whitney law firm, and was a Sergeant with the minneapolis Police department during law school. A native of minnesota, he is a graduate of the William mitchell college of law and the university of minnesota.


michael mangierimichael mangieri joined Wells Fargo Bank in their New York office in december 2011 as part of the commercial Payments core Technical Sales and Payment Strategy Global Payment Services team. michael is responsible for new commercial Payment initiatives related to global payments. Prior to Wells Fargo michael spent 23 years at deutsche Bank where he managed uSd Investigation, compensation, Application Security and client Services. michael was also part of Product management Technical Infrastructure team the last five years at deutsche Bank. michael has also chaired the BAFT-IFSA Payments and compensation committee in the past and participates in numerous other industry related committees including SWIFT cash and Treasury committee.

Thomas meredith mr. meredith is the founder, chairman and ceo of P2P cash, the leader in international mobile payments processing, has decades of computer, financial services and telecommunications experience. he started his computer career with digital equipment corporation, then regional manager for Franklin computers, managing over 1,000 retailers. he was also Federal Systems director for lisp machine, a leading artificial intelligence (AI) company, responsible for government and dArPA implementations.

mr. meredith was founder of Voxlink, an early innovator of voice mail and e-mail integration. he founded Internet Gaming, one of the first gaming companies on the Internet, responsible for pioneering online credit card processing. mr. meredith has years of experience consulting to the financial services industry, primarily in automation of mortgage and credit/debit card processing. mr. meredith is a graduate of the harvard Business School specializing in entrepreneurial studies and Stanford university, granted a mechanical engineering degree in three years. he has a working knowledge of French and Spanish.

Tom obradovichTom obradovich is a Senior Financial Services Industry consultant at SWIFT. he is part of the SWIFT consultancy Services, a team at SWIFT that assists financial institutions and corporations in the areas of cash management and correspondent banking products, technology, operations and messaging. Tom is payments and banking specialist with over 20 years of hands-on experience in some of the world’s leading banking and financial services providers.

Prior to joining SWIFT, Tom worked for SunGard where he was a deployment specialist for the SunGard suite of banking products. This experience gives him a unique perspective on banking and payments automation, having been exposed to the banking infrastructures of many large financial institutions.

Tom’s previous banking experience includes managing ABN Amro’s uS dollar electronic Banking and cash management Applications product offering with a concentration on supporting North and South American financial institutional clients. earlier, he worked on various managerial functions within the uS dollar clearing and funds transfer operations. Before joining ABN Amro, Tom worked for Bank of America International division in New York.

rob ortizrob currently leads the Wells Fargo Global Product management team covering uSd and FX transaction banking products designed for global financial institutions. his team manages products supporting international large value commercial and treasury payments, trade payments, Ach (IAT), check clearing and information reporting.

rob has worked for 25 years in a number of positions in uS based banks supporting financial institutions, corporations, small business, and retail customers.


Joseph Pawelczykmr. Pawelczyk provides assessment and advice on payments to infrastructures, institutions, service providers, and trade associations. The firm covers global transaction banking, payment issues, trade matters, regulatory compliance, liquidity management, risk, and standards. he served as Vice President of Payment Products for BAFT-IFSA, the international financial services trade association whose members are senior bank executives for global transaction banking. he served on FinceN’s Bank Secrecy Act Advisory Group (BSAAG), on the Board of directors of the Accredited Standards committee (ASc) X9, and was BAFT-IFSA’s representative to SWIFT, the Federal reserve Bank, and The clearing house.

Prior to joining BAFT-IFSA, mr. Pawelczyk enjoyed a career at The clearing house where he held a number of positions. he served as the international relations executive overseeing relations with foreign central banks, bank associations, infrastructure operators, and senior bankers. he identified evolving trends and developed global payment strategies for the u.S., europe, middle east, and Asia-Pacific. Prior to his international relations role he oversaw and managed Systems development and was responsible for design, development, and implementation of the international and domestic clearing house payment systems. he represented The clearing house at SWIFT, the Federal reserve Bank, and u.S. Treasury on payment related matters.

mr. Pawelczyk has been awarded several domestic and international patents in payments for intraday payment netting methods, bill presentment methods, data structure, and payment identification codes.

Barry TookerBarry Tooker is a Vice President with clear2Pay Americas. A recognized an expert in wholesale banking, Barry has been involved in operations and systems related projects for global banks and software firms as both a consultant and line manager for more than 40 years.

Throughout his career, Barry has managed day to day operations for major money center and super regional banks. he has planned, organized, directed and managed major initiatives—including leading payment systems re-engineering efforts and other critical software installation projects—for tier 1 and 2 banks and financial services organizations around the world.

Barry is a long-standing active member of BAFT-IFSA where he held a number of positions including serving as a member of the BAFT-IFSA Board of directors.

Stephen WojciechowiczStephen Wojciechowicz is a Product manager for deutsche Bank Trust companies Americas, responsible for the strategic development and delivery of uSd cash management Services for Financial Institutions. he is the current chairman of the BAFT-IFSA Payments Product management committee and of the BAFT-IFSA reg e Task Force.

mr. Wojciechowicz has been engaged in the financial services industry since 1990, re-joining deutsche Bank in 2012 after having worked for at hSBc to expand funds transfer services offered by that bank. Prior to hSBc, he had a variety of roles at SWIFT, including selling to large corporates and managing the development of SWIFT’s file transfer service and foreign exchange confirmation-matching product in North America. he joined SWIFT from deutsche Bank, where he was a Product manager for the high Value Payments cash management division, tailoring their back-office systems to add revenue-generating services at minimal operating cost. Previously, he was a product manager for Fundtech, where he managed the reconciliation and wire transfer applications.

he earned a B.A. degree from rutgers university and an m.B.A. degree from Wake Forest. he has been a certified Treasury Professional and an Accredited Ach Professional since 1999.


Ken WongKen Wong is Vice President and director, Financial Institutions Product management at Td Securities. he has over 23 years Treasury, cash management and Payments experience with special interest in the Foreign exchange integrated Payments and clearing space. Ken has extensive international exposure with extended working assignments in North America, europe, middle east and Asia.

Prior to joining Td Securities, Ken was Global head of Payments and clearing for Standard chartered Bank; and prior to that he worked for citibank in the eBusiness group. In 1999, Ken was a pioneer in a payments infrastructure start-up, in partnership with VISA International and Allianz Group, where he designed and built an alternate cross-border / cross-currency clearing system that guaranteed delivery to which he is accredited as inventor in two patents. Ken holds a B.Sc. in microbiology from the university of British columbia and Icm designation from the Association of corporate Treasurers.

Philip ZeidnerPhilip Zeidner is a Vice President in Treasury Services - BSmS division of BNY mellon and has worked for the Bank for a combined 26 years. In his current role Phil is responsible for business development and new product initiatives, financial performance oversight and client communication of industry issues for International uSd Funds Transfer products.

mr. Zeidner has been involved in Funds Transfer - Payments for 37 years working for chase manhattan Bank, ABN Bank Nederland, Westpac Banking corp and credit Suisse First Boston before joining the Bank of New York in 1998. he has been in his current role of International uSd Payments Product manager since 2002.

mr. Zeidner has been an active member of the BAFT-IFSA Payments and compensation committee since 1988, and is currently the committee’s chair. he has chaired numerous Funds Transfer Symposiums and conferences, and has been a featured speaker at industry conferences on various payment topics.

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