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Nonbanks in the Payments System: Innovation, Competition, and Risk
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The conference was held at the La Fonda Hotel, May 2-4, 2007, in Santa Fe, New Mexico. Papers, remarks, handouts, and a listing of conference attendees are available below for viewing. |
2007 Conference Program |
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Conference Summary | Richard J. Sullivan Senior Economist, Federal Reserve Bank of Kansas City |
Zhu Wang Senior Economist, Federal Reserve Bank of Kansas City |
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Welcome and Opening Remarks |
Richard K. Rasdall, Jr. First Vice President, Federal Reserve Bank of Kansas City |
Session 1: Nonbank Payment Activities: An Overview | |
| Paper | Handout | General Discussion | |
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Authors | Simonetta Rosati Senior Market Infrastructure Expert, European Central Bank |
Stuart E. Weiner Vice President and Director of Payments System Research, Federal Reserve Bank of Kansas City |
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Session 2: Innovation | |
| Paper | Handout | General Discussion | |
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Author | Bronwyn Hall Professor, University of California, Berkley |
Moderator | Lee Manfred | Remarks | Handout Partner, First Annapolis |
Panelists | Benjamin Ling | Remarks | Handout Head of Google Checkout, Google |
Rene Pelegero | Remarks | Handout Senior Director of Industry Relations, Strategy and Compliance, PayPal, Inc. |
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Margaret Weichert | Remarks | Handout Senior Vice President, Strategy, Innovation, and Payments Executive, Bank of America |
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Luncheon Address: Modernizing Payments: No Pain, No Gain | |
| Paper | General Discussion | |
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Gertrude Tumpel-Gugerell Member of the Executive Board, European Central Bank |
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Session 3: Competition: Vertical Integration | |
| Introduction | Paper | General Discussion | |
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Author | Nicholas Economides Professor, New York University |
Moderator | Kenneth Posner | Handout Managing Director, Morgan Stanley |
Panelists | Michael A. Cook | Remarks | Handout Vice President and Assistant Treasurer, Wal-Mart Stores, Inc. |
Trey Jinks | Remarks | Handout Senior Director, Corporate Strategy and Planning, TSYS |
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Pamela A. Joseph | Remarks | Handout Vice Chair, U.S. Bancorp |
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Session 4: Competition: Horizontal Integration | |
| Paper | General Discussion | |
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Author | Jean-Charles Rochet Professor, University of Toulouse |
Moderator | Ken Howes | Remarks | Handout Director, Edgar, Dunn & Company |
Panelists | B.J. Haasdijk | Remarks | Handout Chairman, Equens |
Gerard Hartsink | Remarks | Handout Chairman, European Payments Council |
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David Yates | Remarks President, Europe, Middle East, and Africa, First Data International |
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Session 5: Risk | |
| Paper | Handout | General Discussion | |
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Author | Ross Anderson Professor, Cambridge University |
Moderator | Avivah Litan | Remarks Vice President and Distinguished Analyst, Garnter, Inc. |
Panelists | Jean Bruesewitz | Remarks Senior Vice President, Visa U.S.A. |
Roy C. DeCicco | Remarks | Handout Senior Vice President, JPMorgan Chase |
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Richard Oliver | Remarks | Handout Executive Vice President, Federal Reserve Bank of Atlanta |
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James Van Dyke | Remarks | Handout President, Javelin Strategy and Research |
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Session 6: Central Bank Perspectives | |
| General Discussion | |
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Speakers | Philip Klopper | Remarks | Handout Executive Director, De Nederlandsche Bank |
Philip Lowe | Remarks Assistant Governor, Reserve Bank of Australia |
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Thomas M. Hoenig | Remarks President and Chief Executive Officer, Federal Reserve Bank of Kansas City |
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