TRANSACT Program Feature: 22nd Century Payments

The way we pay, and the way are paid, looks a lot different today than it did five years ago. Form factors have changed and technology has driven smart, sophisticated payments products like mobile payment apps, peer-to-peer and invisible payments into the hands of consumers.

The development of new ways for consumers to interact with money continues to accelerate. 31 percent of the American population is projected to adopt payments by voice by 2022, and the Internet of Things market will be collectively worth over $500 billion (Statista). In fact, the analysis predicts that retail and consumer electronics will represent close to half of that market value by 2022. Cashierless storefronts, frictionless payments security and the hybridization of ecommerce and brick and mortar creates an environment that will grow the payments industry substantially.

In an ever-changing world, payments professionals need to know the latest about what’s on the horizon to position their businesses to be successful as payments evolve.

TRANSACT, the world’s largest payments technology event, taking place April 30-May 2 at Mandalay Bay in Las Vegas, brings together key visionaries, innovators and leaders to discuss the next-generation payments technology during the 22^nd Century Payments Education Track, sponsored by Mastercard. Over 4,000 payments professionals from across the ecosystem will come to TRANSACT for three days of high-level networking, industry education and collaboration.

Sessions and speakers for the track include:

• Payments at Speed of Life: Administering Digital Payments in Connected Global Commerce
  • Digital smart-data solutions will be the key to enabling innovative payment scenarios in the global market place. This panel will discuss best practices for administering the volume and complexity of modern global payments while embracing the latest technologies and prioritizing customer service.
  • Speakers: Brad Fauss, Vice President, Wirecard; Joan Herbig, Former CEO and Current Board Member, ControlScan; Steve Villegas, Vice President, PPRO; Elena Whisler, Head of Global Product Management and Strategy, FIS Global.
• Digitizing the Last Mile
  • The arrival push payment technology has made instant money a reality. The expansion of peer-to-peer payments enable new opportunities. Merchant processors can now help customers close cash gaps and gain a competitive advantage by extending this new capability to merchant settlement. This panel will define push payment technology, evaluate key criteria and best practices for deployment.
  • Speakers: Drew Edwards, CEO, Ingo Money; Chris Massey, Head of Global Gov Relations & Public Policy, Square, Inc.; Vikram Modi, Vice President, Visa; Karen Webster, President, Market Platforms.
• Driving Customer Value Through Mobile Payments
  • As people’s physical and digital lives converge, consumers want a seamless secure payments solution. With the growing popularity of mobile payments, it is critical to ensure platforms meet customer’s needs and drive value. This panel will provide insights on how customer’s mobile habits will determine the best ways to engage them to address rewards, benefits, and new products.
  • Speakers: Pablo Cohen, SVP, Mastercard; Dom Morea, SVP, First Data; Vijay Sondhi, CEO, NMI; Jean Woodworth, Senior Strategist, FIS Global.
• The PCI Paradigm: Innovation and Digital Payments
  • Given the passage of time since the creation of PCI as well as the liability shift for EMV, the focus brings attention to leveraging innovation to maintain security for the new world of digital payments. Technology standards serve a critical role in furthering industry growth. This panel will explore what technology standards mean for future innovation.
  • Speakers: Onur Alver, Verisoft; Troy Leach, Chief Technology Officer, PCI; Darin McLaury, Director, Delivery US Enterprise East, SecureTrust, a Trustwave division; Ian Van Buskirk, Senior Leader of Core Product, Worldpay.
• M&A in the Payments Industry: Current Trends
  • The ongoing forces of M&A activity are continuous for the payments industry. Understanding how M&A shapes the growth of the industry and alters the landscape will drive future opportunities for consideration. This session will address the relevant market conditions today and examine the growth of new entrants to the industry furthering M&A opportunities.
  • Speakers: Ray Sobczyk, Senior Associate, The Strawhecker Group; Jim Zipurksy, Managing Director, CFA Omaha.
• Moving to the Practical: How blockchain technology is affecting the payments industry today
  • Experienced blockchain/cryptocurrency attorney John Wagster will moderate a panel of blockchain-centric start ups seeking to disrupt the existing payments infrastructure.
  • Speakers: Dan Itkis, GRAFT; Christos Stoumpos, InterRemit; John Wagster, Attorney at Law, Frost Brown Todd LLC.
• Progress on the path of Payments Improvement
  • The Federal Reserve has worked alongside the industry to pursue real-time safe, highly secure, efficient, and broadly inclusive. This panel will explore efforts by the payments industry alongside the Federal Reserve to develop robust approaches for real time payment solutions.
  • Dan Faxel, Assistant Vice President of Faster Payments, Federal Reserve; Jackie Shinfield, Partner, Blake, Cassels & Graydon LLP.

Make sure to secure your spot at TRANSACT to attend the 22nd Century Track, sponsored by Mastercard, on April 30, 2019. A TRANSACT registration unlocks your access to this track plus seven others, a show floor of 200+ leading-edge payment tech exhibitors, unrivaled networking opportunities and more. Click here to register. And for a look at the full TRANSACT schedule, click here.