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News
Mercator's 2014 survey also pointed VocaLink's facilitation of faster
to changes in buyer demographics; payments in the United King-
high-income earners ($100,000 or dom, Singapore and Australia.
more a year) were more likely to
purchase GPR cards than in previous Diverse views spark lively debate Let us
years. In his opening comments, NYPay help you
President David True noted that there
Aite estimates Americans made more are many variations and definitions piece together
than $200 billion in retail purchases of real-time payments. This your perfect
using prepaid cards last year, or diversity of viewpoints was evident advertising
about 5 percent of all retail spending throughout the spirited discussion
in the U.S. among panelists and audience campaign
members. Moderator Eric Piscini, to grow you
buisness.
NYPay, Deloitte Consulting Principal at Deloitte
Banking and Technology was joined
take on real-time by the following panelists:
• Ben Isaacson, Executive Direc-
tor of Payments Strategy at JP
payments • Dan Gonzalez, Vice President
Morgan Chase
of Payments Industry Rela-
ew York-based payments tions for the Federal Reserve
organization NYPay and Bank of Chicago
Deloitte LLP co-hosted
N an event on June 26 to • Eric Purdum, Vice President of
explore the meaning and impact of FIS' PayNet Payments Network
real-time payments. Approximately • Shari Krikorian, Senior Busi-
60 financial services executives ness Leader - Emerging Pay-
attended the three-hour session at ments at MasterCard World-
Deloitte's New York offices, which wide
included a networking hour and
panel discussion. With no clear-cut definition at this
point, achieving an overarching
The combined effects of high-speed definition of real-time payments will
communications technologies and continue to be a work-in-progress for
changing trends in card-present, the foreseeable future.
mobile and e-commerce payments
schemes have spurred interest in Shari Krikorian advanced Master- Customized advertising
real-time payments from all sides Card's focus on real-time payments
of the equation. Recent payments through the eyes of the consumer. company and budget.
industry developments include: She said consumers want immedi-
• NACHA's banking initiative ate access to funds in their bank ac- *Print (various sizes)
designed to speed up ACH counts when making purchases. *Online
payments from one to three From a technology perspective this
days to same-day means a real-time authorization that *Video
results in an issuer posting money to
• Private payment networks a bank account. *Resource Guide
Dwolla Inc.'s and FIS' current (print/online/front page)
support of real-time payments PayNet's Eric Purdum concurred *Email Blasts
• The Federal Reserve's task with the definition, stating "I'd add *Spotlight Partnerships
force effort involving pay- business to that concept, with funds
ments industry stakeholders posted to a business account imme- *Bundle package
to define a real-time national diately," as opposed to the inevitable discounts
payment system delays involved with other transmit-
• Real-time payment network tals such as fed wire transactions. Call today!
infrastructure companies Chase's Ben Isaacson said, "I'd echo 707-284-1686
ACI Worldwide Inc.'s and Shari's comments about immediate
15
Mercator's 2014 survey also pointed VocaLink's facilitation of faster
to changes in buyer demographics; payments in the United King-
high-income earners ($100,000 or dom, Singapore and Australia.
more a year) were more likely to
purchase GPR cards than in previous Diverse views spark lively debate Let us
years. In his opening comments, NYPay help you
President David True noted that there
Aite estimates Americans made more are many variations and definitions piece together
than $200 billion in retail purchases of real-time payments. This your perfect
using prepaid cards last year, or diversity of viewpoints was evident advertising
about 5 percent of all retail spending throughout the spirited discussion
in the U.S. among panelists and audience campaign
members. Moderator Eric Piscini, to grow you
buisness.
NYPay, Deloitte Consulting Principal at Deloitte
Banking and Technology was joined
take on real-time by the following panelists:
• Ben Isaacson, Executive Direc-
tor of Payments Strategy at JP
payments • Dan Gonzalez, Vice President
Morgan Chase
of Payments Industry Rela-
ew York-based payments tions for the Federal Reserve
organization NYPay and Bank of Chicago
Deloitte LLP co-hosted
N an event on June 26 to • Eric Purdum, Vice President of
explore the meaning and impact of FIS' PayNet Payments Network
real-time payments. Approximately • Shari Krikorian, Senior Busi-
60 financial services executives ness Leader - Emerging Pay-
attended the three-hour session at ments at MasterCard World-
Deloitte's New York offices, which wide
included a networking hour and
panel discussion. With no clear-cut definition at this
point, achieving an overarching
The combined effects of high-speed definition of real-time payments will
communications technologies and continue to be a work-in-progress for
changing trends in card-present, the foreseeable future.
mobile and e-commerce payments
schemes have spurred interest in Shari Krikorian advanced Master- Customized advertising
real-time payments from all sides Card's focus on real-time payments
of the equation. Recent payments through the eyes of the consumer. company and budget.
industry developments include: She said consumers want immedi-
• NACHA's banking initiative ate access to funds in their bank ac- *Print (various sizes)
designed to speed up ACH counts when making purchases. *Online
payments from one to three From a technology perspective this
days to same-day means a real-time authorization that *Video
results in an issuer posting money to
• Private payment networks a bank account. *Resource Guide
Dwolla Inc.'s and FIS' current (print/online/front page)
support of real-time payments PayNet's Eric Purdum concurred *Email Blasts
• The Federal Reserve's task with the definition, stating "I'd add *Spotlight Partnerships
force effort involving pay- business to that concept, with funds
ments industry stakeholders posted to a business account imme- *Bundle package
to define a real-time national diately," as opposed to the inevitable discounts
payment system delays involved with other transmit-
• Real-time payment network tals such as fed wire transactions. Call today!
infrastructure companies Chase's Ben Isaacson said, "I'd echo 707-284-1686
ACI Worldwide Inc.'s and Shari's comments about immediate
15
