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DTSTAMP:20260519T204251Z
SUMMARY:Webinar on Faster Payments: Evolution or Revolution?
DESCRIPTION:Overview: Faster Payments in the UK was heavily bundled wi
 th other services, while other countries, Australia, for example, are 
 pulling apart their offering and creating a core piece for clearing.\n
 This may or may offer competitive advantages. That leaves every applic
 ation outside the core system, offered by banks or nonfinancial compan
 ies, the ability to provide ancillary services.\nThe existing systems 
 and networks are vying for position to lead, follow, or get out of the
  way of what may come. Technologists are looking for standards on whic
 h to build such a system where none exist in the U. S. The UK system w
 as built on one standard technology allowing it to be completed in rec
 ord time.\nWhy should you Attend:\nThe Federal Reserve Bank's report, 
 Strategies for Improving the U.S. Payment System and industry analysts
  are recommending a new US payments system. They are suggesting a syst
 em modeled on the one implemented in the United Kingdom. This would ha
 ve an interesting effect on the Automated Clearing House (ACH), The Cl
 earing House (TCH), Fedwire, and U.S. payments in general. Many banks 
 have begun to think of faster payments as inevitable. Given that mobil
 e payments have become 'real-time', its land-based forerunner will nee
 d to catch up as well as an estimated 20 or more countries around the 
 globe.\nAreas Covered in the Session:\nThe U.K. Payment System before 
 the FPSUnited Kingdom Faster Payments Service (FPS) nowFPS Costs and w
 ho bore themFPS ImplementationBenefits of such a systemImplications fo
 r the United StatesValue of the benefits versus costs of adopting the 
 service?Impact on existing systemsFuture for existing systemsSummary\n
 Who Will Benefit:\nPayments professionalsDeposit Operations managersCa
 sh Management professionalsBank Compliance OfficerRegulatory Complianc
 e Associates and ManagersCorporate finance officersCorporate Risk/Comp
 liance OfficerIT professionals\nSpeaker Profile:\nRay Graber has a dee
 p and thorough understanding of banking, technology, and finance. His 
 business experience includes banking technology research at TowerGroup
 ; best practices internet security, policies, and procedures at FleetB
 oston Financial; wire transfer operations and product launches at Citi
 bank and BankBoston; and treasury operations for a $325 million public
  company.\nContact Detail:\nNetZealous - Compliance4All,161 Mission Fa
 lls Lane, Suite 216,Fremont, CA 94539, USA.Phone: +1-800-447-9407Email
 : support@compliance4All.comhttp://www.compliance4all.com/Event Link :
  http://bit.ly/1LxkJix\n\nFor more information visit https://medtechi
 q.ning.com/events/webinar-on-faster-payments-evolution-or-revolution
DTSTART;TZID=America/New_York:20160112T100000
DTEND;TZID=America/New_York:20160112T110000
CATEGORIES:webinar
LOCATION:Online
WEBSITE:
URL:
CONTACT:18004479407
ORGANIZER;CN="Adam Fleming":https://medtechiq.ning.com/profile/Complia
 nce4all
ATTACH;FMTTYPE="image/jpeg":http://storage.ning.com/topology/rest/1.0/
 file/get/2562012364?profile=original
ATTENDEE;ROLE=REQ-PARTICIPANT;PARTSTAT=ACCEPTED;RSVP=TRUE;CN="Adam Fle
 ming":https://medtechiq.ning.com/profile/Compliance4all
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