Payments

The Top 5 Reasons Your Business Needs Faster Payments Today

The continued growth in the use of faster payments technology is validated by Nacha’s reporting of over 66 million Same Day ACH payments in Q3 2019, a 54% jump from the previous year. As The Clearing House gains traction with real-time payments and as the Federal Reserve’s FedNowSM is added to the mix, it’s clear that faster payments is moving from concept to reality. And, as these and other faster payment options come online, demand is shifting from interest to expectation. Hear from a panel of industry experts on what corporates need to know to successfully incorporate faster payments technologies into their operations.

Speaker(s)

Kim Ford, SVP, Government Relations, Fiserv

Connie Theien, Senior Vice President, Industry Relations, Federal Reserve System

Reed Luhtanen, Executive Director, US Faster Payments Council

Ken Kruszka, CEO, SnapCheck

Credits

CTP/CCM Credits: 1.2
FP&A Credits: N/A
CPE Credits: 1.2
CPE Field of Study: MAS

The Triangulation of ACH, Wire & Check Fraud

ACH payment fraud has risen dramatically in the last two years. Today, 43% of Business Email Compromise scams target wires and the targeting of checks has increased almost 100% from last year. While ACH and wire fraud are both highly preventable, recently, a clear integration of social engineering and technology with both new and old-school payment systems has emerged. Speakers share real-life fraud situations, including how the fraud attempt occurred and specific strategies practitioners need to be made aware of to reduce or even prevent future losses.

Speaker(s)

Greg Litster, President & Founder, SAFEChecks

David Sandomenico, CTP, Vice President & Assistant Treasurer, Realogy Holdings Corp.

Tim Noone, CTP, Executive Vice President, Citizens Business Bank

Credits

CTP/CCM Credits: 1.2
FP&A Credits: N/A
CPE Credits: 1.2
CPE Field of Study: MAS

Leveraging ISO 20022 in the US? What, Why and How?

The ISO 20022 financial messaging standard is now seeing widespread adoption for domestic and international payments solutions worldwide, including in The Clearing House RTP system, European instant payments and various High Value Payments systems globally. This ISO standard gives corporates the ability to reconcile faster and quicker using a common language and attach unique invoices in the ISO messages for even greater granularity. The ISO 20022 financial messaging standard is now seeing widespread adoption for domestic and international payments solutions worldwide, including in The Clearing House RTP system, European instant payments and various High Value Payments systems globally. This ISO standard gives corporates the ability to reconcile faster and quicker using a common language and attach unique invoices in the ISO messages for even greater granularity. This session shows attendees how to prepare for ISO 20022 migration and how it will solve the many issues facing international payments.

Speaker(s)

Gene Neyer, Executive Advisor, Payments, Icon Solutions

Gayathri Vasudev, Managing Director, JPMorgan Chase & Co.

Peter Tapling, Managing Director, PTap Advisory, LLC

Stacy Rosenthal, Senior Vice President, Head of Payments Product Management, Santander Comercial Banking

Credits

CTP/CCM Credits: 1.2
FP&A Credits: N/A
CPE Credits: 1.2
CPE Field of Study: MAS

How Blockchain and Distributed Ledgers Can Combat Fraud

Fraud prevention is a priority for every financial professional, and treasury professionals are no exception. This session breaks down how blockchain and other distributed ledger technologies can be used to combat and prevent fraudulent behavior. Specific pain points and opportunities for errors and unethical activity are highlighted as they currently exist in both domestic and cross border payment activities. Discussion also includes how permissioned blockchains and associated controls can streamline current payment processes and ultimately offset fraud risks.

Speaker(s)

Roberto Cruz, CTP, FP&A, Director, SUEZ

Sean Stein Smith, Assistant Professor, Lehman College (CUNY)

Joey Ryan, CPA, CFO, Gilded

Credits

CTP/CCM Credits: 1.2
FP&A Credits: 1.2
CPE Credits: 1.2
CPE Field of Study: IT

The Modern ACH Network Emboldens Your Payments Strategy

The modern ACH Network is key to improving your payments strategy. Gain insight into initiatives to reduce administrative burdens and enable new technologies to authorize and initiate ACH payments. Panelists discuss the ACH Network’s  continued modernization and growth strategy which includes upcoming Same Day ACH enhancements and how you can capitalize on its tremendous 2019 growth in Direct Deposit and B2B payments. Attend this session and walk away with key tactics for enhancing your organization’s payments strategy.

Speaker(s)

Joe Hussey, Managing Director, J.P. Morgan

Jane Larimer, President & CEO, Nacha

Credits

CTP/CCM Credits: 1.2
FP&A Credits: N/A
CPE Credits: 1.2
CPE Field of Study: MAS

Processing ACH Faster: Creating a Win-Win for A/R & Treasury with AI-Enabled Cash Application

At Danone, cash application analysts used to spend 128 hours per week manually posting ACH payments. Manual reconciliation of ACH adds to reconciliation challenges and additional expenses for cash application teams, but what if ACH payments could be auto-processed? Doing this would allow treasury team to focus on their payment mix & cash application teams to focus on keeping the past-due in check. Using an informative case study as the backdrop for this discussion, attendees hear industry experts walk through a step-by-step automation journey in cash application and how a 95% increase in auto-cash posting rate was achieved.

Speaker(s)

Barbara Carpenter, Sr. Manager, Customer Financial Services, Danone North America

Sid Subramani, Senior Solution Principal, HighRadius

Credits

CTP/CCM Credits: 1.2
FP&A Credits: N/A
CPE Credits: 1.2
CPE Field of Study: MAS

Challenges Businesses Are Facing In Real Time Consumer Payments

From Venmo to Zelle, consumers are finding ways to send payments to one another with ease. Similarly, consumers now expect businesses to pay them with ease and convenience. Historically, businesses have relied on using paper checks to make payments to consumers. While some businesses progressed from this by adopting ACH and wire transfers, they continue to face various challenges. This session examines payment technologies that allow businesses to disburse payments directly to consumer bank accounts. Focusing on Push-to-Card and Real-time Payments technologies, panelists address the issue of consumer account lookup in a universal federated directory.

Speaker(s)

Pj Gupta, Founder & CEO, Checkbook.io

Matt Richardson, EVP, Head of Product Solutions, Citizens Commercial Banking

Gwen Steele, Vice President & Assistant Treasurer, Liberty Mutual Insurance Company

Credits

CTP/CCM Credits: 1.2
FP&A Credits: N/A
CPE Credits: 1.2
CPE Field of Study: MAS

ISO 20022 Journey: Nordson - How Did We Get Here from there?

You are hearing a lot about the adoption of ISO 20022, how it can help to streamline business operations and achieve cost savings. Are you wondering if this can apply to your business? Hear about the latest on ISO 20022, what banks are doing to help their corporate customers and how Nordson worked through the process to get to reach a very streamlined end state. Attendees get a picture of where to begin this journey and how to determine their objectives, while gaining a greater understanding of what ISO 20022 brings to the table.

Speaker(s)

Sharon Jablon, Director, Product Specialist, The Clearing House

George Hoffman, CertICM, CTP, Senior Vice President, International Advisory, PNC Bank

Fred Cousin, Consultant, Nordson Corp.

Credits

CTP/CCM Credits: 1.2
FP&A Credits: N/A
CPE Credits: 1.2
CPE Field of Study: MAS

The Impact of Technology on the Receivables Journey

As treasury technologies emerge, corporates of all size and industries are under pressure to implement new innovations around receivables, while maximizing the efficiency of legacy processes. Treasury experts from Western Union, Alliance Data Systems, and Cintas discuss their unique receivables hurdles and their journey to overcome those challenges. Panelists share insights into leveraging technology innovations, such as artificial intelligence and machine learning, to auto match receivables data to payments in order to achieve greater receivables efficiency and apply cash faster. Discussion includes managing receivables around cross-border transactions and facilitating the transition away from manual lockbox services.

Speaker(s)

Martynas Lenkutis, Group Leader Agent Credit, Western Union

Betsy Clark, CTP, Senior Director, Treasurer, Integer Holdings Corporation

Scott Hess, Treasury Manager, Cintas Corporation

Eric Thibo, CTP, Large Corporate Treasury Management Team Lead, Fifth Third Bank

Credits

CTP/CCM Credits: 1.2
FP&A Credits: N/A
CPE Credits: 1.2
CPE Field of Study: IT

Interchange: Are You in the Right Lane?

Since its inception, interchange has continually puzzled all those responsible for managing card acceptance. Evolving from just a few common ancestors, there are now hundreds of distinct interchange categories. Determining the proper interchange qualification to satisfy each card brand’s particular data quality standards causes confusion as these standards can be industry specific, card type specific, or both. Adding to this are the complexities of point-of-sale systems, gateways, software partners, and new payment types. This session helps attendees understand how interchange qualification works and reviews techniques for assessing qualification to ensure they’re asking their inquiries the right questions.  

Speaker(s)

Daniel Carter, CTP, Associate Director, Redbridge Debt and Treasury Advisory

Credits

CTP/CCM Credits: 1.2
FP&A Credits: N/A
CPE Credits: 1.2
CPE Field of Study: MAS

APIs: Are Bank Statements Becoming Redundant?

Today bank statements provide visibility of incoming transactions, along with cash positions, but with real-time payments, customers can settle payments instantly which means incoming payment transactions crediting the bank account throughout the day, seven days a week. Replacing the bank statement with API enabled transactions may not be feasible across all banks in all countries worldwide today. However, solutions displaying real-time customer payments, or purely cash positions for accounts is sufficient to realize the instant payment benefits now. Hear from industry experts as they discuss how adopting bank APIs enables can be a faster, cheaper and easier solution than traditional alternatives.

Speaker(s)

Peter Klein, Head of Cash Management Technology, Finlync

Credits

CTP/CCM Credits: 1.2
FP&A Credits: N/A
CPE Credits: 1.2
CPE Field of Study: MAS

ManpowerGroup and TIS: A Pragmatic Approach to Treasury Technology Transformation

Fernando oversaw an RFP for Treasury Management (TM) needs at ManpowerGroup. Due to some other IT projects the TMS project was delayed. Hence, Fernando reassessed the implementation approach. He re-launched the RFP process in 2019 with a different strategy - one RFP for treasury management functionality and one for bank connectivity and treasury aggregation. By RFP’ing for connectivity before functionality, ManpowerGroup would be able to recognize the benefits that come with a 3rd party managed bank connectivity solution (in this case TIS was selected). This approach would leave ManpowerGroup with a much simpler project to manage. They were able to progress through their implementation in phases with each step of the TMS implementation building upon the initial connectivity project. Fernando approached TIS implementation first to address their connectivity and batch payment processing goals while also setting the stage for a smoother implementation of the corresponding TMS modules.

Speaker(s)

Fernando Tenuta, Assistant Treasurer, ManpowerGroup Inc.

Credits

CTP/CCM Credits: TBD
FP&A Credits: TBD
CPE Credits: TBD
CPE Field of Study: TBD

Surviving the Lack of Remittance Detail: Increasing A/R Efficiency With AI

With the momentum behind faster payments growing, companies must streamline payment posting applications to  mitigate problems more quickly without having to contact the customer, while positively impacting their bottom line in order to be successful. Learn how artificial intelligence (AI) machine learning tools are simplifying the A/R process for accounts receivable teams, while also increasing cash application hit rates and reducing operating costs. This expert lecture will delve into all aspects of the topic, including which ROI factors to consider when evaluating A/R posting options.

Speaker(s)

Blaine Carnprobst, CTP, VP, Receivables Product Advisor, PNC Bank

Elizabeth Straw, Treasury Manager, Regal-Beloit Corporation

Credits

CTP/CCM Credits: 1.2
FP&A Credits: 1.2
CPE Credits: 1.2
CPE Field of Study: MAS

AI to the Rescue: How Eliminating Manual Processes Frees Up Treasury Resources to Strengthen the Business

As accounts receivables (AR) volume increases, so too does the manual task of keying-in and processing payment reconciliation information. This ultimately leads to job dissatisfaction, higher overtime costs and diminishes overall team performance. Explore how AI is being deployed to handle manual, low-value AR activities, leaving treasury personnel to manage exceptions that only human analytics can resolve. Attendees will learn how AI increased auto-posting rates, reduced staff overtime, and lowered posting exceptions, enabling staff to focus on higher value activities that create a more promising career path and boost morale.

Speaker(s)

Amanda Boston, Product Manager, Bottomline Technologies

Jeff Pauly, Director, Senior Product Sales Specialist, Bank of America

Credits

CTP/CCM Credits: 1.2
FP&A Credits: N/A
CPE Credits: 1.2
CPE Field of Study: MAS

Moving the AR Department from Reactive to Proactive: Journeys in AR Automation

How can CRE organizations successfully leverage FinTech to enable their AR departments to do more with less and improve the experience delivered to their tenants in the process? Join U.S. Bank and Versapay on a journey from the beginning of Boston Properties’ and Washington Prime Group’s AR story, to the decision-making process which drove them to their AR success as it looks today; 84% tenant adoption, 100% paperless, automated reconciliation, and happy tenants. Understand how technology can be utilized to transform the invoice to cash cycle in the face of changing B2B customer expectations.

Speaker(s)

Jeff Phaneuf, VP, Finance & Planning, Boston Properties

Dhiren Patel, CTP, SVP, CRE Deposit/Payment Solutions Mgr, U.S. Bank

Bob Stark, Chief Marketing Officer, Versapay

Greg Norris, Sr Director, Treasury Operations, Washington Prime Group

Credits

CTP/CCM Credits: 1.2
FP&A Credits: N/A
CPE Credits: 1.2
CPE Field of Study: MAS

What Stands in the Way of Achieving Greater Automation in Finance

With all of the technology breakthroughs over the past several years, why are our financial processes still not as automated as most predicted they would be? One answer is that various barriers between buyers and suppliers continue to limit the adoption of key technological advances. Learn how the Business Payments Coalition is breaking down the barriers to advance adoption of e-invoices, increase efficiency, and reduce costs through an open delivery network. Attendees walk away with tactics for overcoming these barriers through simplifying the process to automate.

Speaker(s)

Anna Tujunen, CPO, Dooap Inc.

Michael Jasper, Director, Velocity Procurement

Todd Albers, Senior Payments Consultant, Federal Reserve Bank Minneapolis

Credits

CTP/CCM Credits: 1.2
FP&A Credits: N/A
CPE Credits: 1.2
CPE Field of Study: MAS

Harnessing Payments Data to Gain Powerful Insights

Card payments are rich with valuable data waiting to be harnessed. However, most data available from processors is complex and can pose a challenge when trying to extract meaningful insights. This session demonstrates how merchants are leveraging big data strategies to consume, normalize, and find meaningful value in their payments data. Come away with areas to explore and analyze with payments data, in order to gain customer insights, evaluate alternative payments, improve operational efficiencies, and reduce cost.

Speaker(s)

Anand Goel, CEO, Optimized Payments

Gregory Moore, CTP, Director Treasury Operations, Customer Payment Systems, AutoNation, Inc.

Credits

CTP/CCM Credits: 1.2
FP&A Credits: N/A
CPE Credits: 1.2
CPE Field of Study: MAS

The Hidden Costs of Cross-Border Payments

In an increasingly global world, it’s difficult for many businesses to operate without making cross-border payments. In certain industries, these foreign payments are frequent and recurring. Many financial professionals will deal with international payments on an ad hoc basis and will work using existing payment options provided by their bank. Industry experts lead an engaging discussion on the hidden costs in making cross-border payments and the strategies businesses can employ to reduce these costs and improve efficiency when making international payments.

Speaker(s)

James Mahoney, CPA, CGMA, VP Finance, American Institute for Foreign Study

Shamez Mangalji, Senior FX Dealer, AscendantFX

Credits

CTP/CCM Credits: 1.2
FP&A Credits: N/A
CPE Credits: 1.2
CPE Field of Study: MAS

A Real Business Case for Real-Time Payments

Business-to-business payments have long been a pain point due the inefficiencies of manually researching and applying payments which typically requires action by multiple teams across the organization. Lack of data hinders efficient payment reconciliation and lengthy processing for time-sensitive payments impacts the organization’s supply-chain flows, distribution networks, and financial controls. Real-time payment technology is solving these business needs by integrating payments with data and messaging. A panel of industry experts explore how real-time capabilities bring speed, transparency and efficiency to AR processes, allowing both buyers and suppliers to improve operational efficiencies while reducing risk.

Speaker(s)

Joe Proto, CEO, Transactis

J. Christopher Ward, Exec VP, Head of Treasury Management Product, PNC Financial Services Group, Inc.

Peter Davey, Head of Product Innovation, The Clearing House

Chris Moritz, Director, Customer Operations, Dll

Credits

CTP/CCM Credits: 1.2
FP&A Credits: N/A
CPE Credits: 1.2
CPE Field of Study: MAS

When Basic Isn’t So Simple: Managing the Hidden Challenges of Large Scale Payment Platform Migration

One of the world’s largest providers of government services recently decided to switch to a new payment platform provider. The solution was clear-cut with a smooth transition that met the needs of government programs and required deadlines. However, as the migration got underway, new costs were introduced leading to challenges that threatened the obligations made to clients. Panelists discuss their journey to implement a new billing and payment platform, highlighting the hidden challenges, the lessons learned, and the successes achieved with the support of banking and technology partners.

Speaker(s)

Micki Burciaga, VP, Product Manager, Bank of the West

Richard Fiorito, Chief Marketing Officer, Transactis, a Mastercard Company

Michelle Schaben, Director of Financial Operations/ Controller, Maximus, Inc.

Credits

CTP/CCM Credits: TBD
FP&A Credits: TBD
CPE Credits: TBD
CPE Field of Study: TBD

When Will We Solve the Challenges of B2B Electronic Payments?

More than 42 percent of B2B payments are currently made by check, in large part because the cost and complexity of the setup and end-to-end processing of electronic payments can be greater than check payments. Facilitators discuss new research into industry initiatives that have a high potential to improve B2B electronic payment efficiencies. Attend this session to discuss the implications of these potential solutions for your organization and the steps needed for the industry to get past the pull of inertia and the inefficiency of continuing manual processes.

Speaker(s)

Guy Berg, Vice President, Federal Reserve Bank Minneapolis

Erin McCune, Partner & CFO, Glenbrook Partners

Credits

CTP/CCM Credits: 1.2
FP&A Credits: N/A
CPE Credits: 1.2
CPE Field of Study: MAS

SWIFT on Innovation: Constructing the Future of Payments

Payment infrastructures are undergoing great change across the globe, with the implementation of instant retail payment rails and modernization of real-time gross settlement systems. Innovation in cross-border payments is also on the rise – driven in part by new market entrants, evolving technologies, and regulatory and compliance pressures. Join this session as a panel of industry experts explore how to leverage new technology to better engage clients, how SWIFT is working with its global community of banks and corporates to construct the future of payments, and how to remain successful in a rapidly changing business environment.

Speaker(s)

David Watson, Head of North America, SWIFT

Rene Schuurman, Global Product Manager Digital Channels, Citi

Peter Claus-Landi, Executive, Treasury Operations, GE

Credits

CTP/CCM Credits: 1.2
FP&A Credits: N/A
CPE Credits: 1.2
CPE Field of Study: MAS

Building a Leading Card Program: Is There a Secret Formula?

In the continuing quest to provide strategic value to an organization, one of the most important levers a treasury and accounts payable department can  pull is how it manages its payables. Growing a card program provides extensive operational and financial benefits to companies, such as low- to no-cost transactions, reduction of costly paper checks, extended working capital terms and, importantly, the revenue share companies are able to negotiate with their card provider. An expert panel discusses the business strategies to consider when introducing or growing a card payment program, including benchmarking data for participants to measure their programs against.

Speaker(s)

Sheri Vigil, Senior Treasury Manager, UDR Inc.

Credits

CTP/CCM Credits: 1.2
FP&A Credits: N/A
CPE Credits: 1.2
CPE Field of Study: MAS

The Best Offense is a Good Defense: Attacking Fraud with Better Training and Tools

According to ZDNet, 99% of business email cyberattacks require human interaction to succeed, resulting in malware installation, wire fraud, unwitting data disclosures, and more. The result is more than $5 billion in losses worldwide. Combatting the relentless attacks by fraudsters requires a combination of cybersecurity technology and vigilance. Based on actionable case study data, an expert panel shares its insights into how keeping their human firewall educated and utilizing technology is successfully protecting corporate assets. Panelists outline how ongoing education initiatives that invite cross-functional disciplines are critical for maintaining a safe, secure treasury function.

Speaker(s)

Mary Rosendahl, Director, Global Transaction Services, CashPro, Security and Fraud Education, Bank of America

Credits

CTP/CCM Credits: 1.2
FP&A Credits: 1.2
CPE Credits: 1.2
CPE Field of Study: MAS

How We Tripled Our Electronic Cash Application Hit Rate and Decreased Costs

While the trend of converting paper to electronic is improving, electronic receipts present many challenges associated with applying cash efficiently. Electronic receipts can cost more to process and dramatically increase DSO. International Paper shares their tactics for transforming a 27% hit rate on electronic cash application to over 70%. This session explores the considerations and steps needed to achieve maximum results including vendor selection, scoping, data mining, IT involvement, project management and remitter outreach. Attendees walk away with practical steps to improve DSO and reduce costs.

Speaker(s)

Alice Bradley, Global Accounts Receivable Process Manager, International Paper Co

Nicholas Schmidt, Receivables Product Management, J.P. Morgan

Credits

CTP/CCM Credits: 1.2
FP&A Credits: N/A
CPE Credits: 1.2
CPE Field of Study: MAS

Are Crypto Stablecoins the Future of International Payments?

International payments suffer from a lack of transparency and can often be hampered by delays and significant FX fees. Treasury and finance professionals are forced to navigate these challenges daily with little opportunity for improvement. Cryptocurrency stablecoins can offer significant advantages compared to traditional international payment methods. However, are they ready for primetime yet? Attend this session to learn about the fundamentals of stablecoins and review what practitioners need to be aware of when considering stablecoins for international payments.

Speaker(s)

Joey Ryan, CPA, CFO, Gilded

Sean Stein Smith, Assistant Professor, Lehman College (CUNY)

Credits

CTP/CCM Credits: 0.6
FP&A Credits: 0.6
CPE Credits: 0.6
CPE Field of Study: MAS