Sponsored by China UnionPay (USA) LLC
(Limited to Corporate Practitioners)
Discuss best practices and the latest initiatives in payments, including opportunities in the payment landscape, present desired future outcomes, corporate and merchant needs for faster payments, end-to-end electronification, streamlined cross-border payments and industry threats.
Payments ReceptionSponsored by China UnionPay (USA) LLC
(Limited to Corporate Practitioners)
Network with other corporate treasury and finance practitioners involved in payments strategy or payments operations.
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Can We Pay You Now? Verizon’s ACH Journey
When Verizon set out to optimize its use of electronic payments, it opened doors to evaluating its business, providers, and future strategic initiatives. Join us for an informative case study where we explore the practice of evaluating and implementing a new ACH provider. Attendees learn about best practices, as well as pitfalls encountered during the process and gain practical tips, such as getting your IT and operations staff onboard and how to leverage today in your payments business. In addition, representatives from Verizon share their outlook on payments in the consumer space, including the impact of same-day ACH.
Digging Deep on Cash: A Panel Discussion on Cash Logistics Trends and Innovations
Cash remains a prevalent form of payment in the retail space today. In this engaging panel discussion, Starbucks, Nordstrom, Deloitte and Fifth Third Bank look at the macro-economic trends impacting the retail marketplace, how new payment forms are shaping the cash logistics challenge, and hot-button issues such as risks associated with accepting cash. Attendees gain invaluable insights into how to take a holistic approach to cash logistics to achieve operational efficiency and support critically important business objectives.
U.S. Payment Trends: What the 2016 Federal Reserve Payment Study Tells Us
In our evolving and multi-faceted payment system, newly released findings from the 2016 Federal Reserve Payments Study provide a snapshot of retail non-cash payment usage and fraud losses in the U.S. Discover how quickly consumers and businesses are abandoning checks in favor of electronic payment methods. Using highlights and a data comparison from this unique series of surveys, attendees gain a better understanding of the key trends in card usage and the growing fraud trends that currently exist.
Leveraging Payment Analytics to Reduce Costs
As an organization's card and alternative payments grow, so do the costs, complexity, risk and amount of data. By consolidating all payments data and creating basic analytics, companies can easily translate months and years of raw payment data into interactive easy-to-use dashboards that convey Key Performance Indicators (KPIs) and actionable insights. Attend this panel discussion to hear the firsthand experiences of a few large organizations as to how they implemented and benefited from payment analytics. Topics include: KPIs; chargebacks and fraud management; costs across MIDs, business units and payment tenders; interchange optimization; performance against negotiated contractual thresholds/Tier 6; and customer segmentation based on BIN analysis.
Federal Reserve's Strategies for Improving the U.S. Payment System
The Federal Reserve and nearly 500 payment system stakeholders have joined forces as part of the Federal Reserve's Faster and Secure Payments Task Forces to improve the U.S. payment system. The Faster Payments Task Force recently published their final report highlighting their assessment of faster payments solution proposals and the challenges, opportunities and recommended next steps in making real-time payments a reality in the United States. During this session, you will learn more about what's to come and how the work underway to improve America's payments ecosystem could impact you. Improvements to payment speed and security are coming, will you be prepared?
The Good, the Bad, and the Ugly: Driving More AP/Vendor Payments to Commercial Cards
Using commercial cards for AP/vendor payments has obvious benefits for AP departments at enterprises: precise timing of payments, more control over cash flow, cash extension by two weeks or more, valuable rebates and cash back. Banks benefit, too, from significant new interchange fee income, lower payment fraud, and more loyal customers. But driving change is hard, and translating vision and opportunity into reality can be quite challenging. Join this panel of experienced practitioners as they share valuable lessons learned and critical pitfalls to avoid when helping drive AP/vendor payments onto commercial credit cards.
Superheroes Battling the Villains of the Dark Web
When it comes to card payments, the issuer is often pitted against the merchant in the battle between merchant discount rates and interchange fees. What both sides can agree on is that the cost of fraud is the blithe of the industry, with issuers and merchants struggling to remain one step ahead of fraudsters. Attend this session to gain a greater understanding of what issuers and merchants are really doing to mitigate fraud on a transaction-by-transaction basis, and discover the hidden battles taking place between fraudsters lurking on the dark web and the superheroes who want to stop them.
Faster ACH is Here: Taking Advantage of Same-day ACH Debits
Faster ACH payments became a reality in 2016. The next leap forward is set for September 2017, with the introduction of same-day ACH debits. Same-day ACH debits will make for an extradited system of consumer bill payments and other types of consumer debits, and business-to-business payments, and will manage exceptions faster and more efficiently with same-day returns and reversals. This timely session covers the benefits and practical considerations of same-day ACH debit use cases for corporate treasurers and the progress made in the first full year of same-day ACH operation.
ISO 20022 Live: A Successful Case Study
The U.S. wire payment networks are marching toward ISO 20022 as a payment format standard. We often hear that ISO 20022 is being utilized by U.S. global corporations, but are unclear as about the specific uses, decisions for implementing and the path to implementation. Attend this session to learn about various ISO 20022 initiatives underway among the U.S. payment networks and the challenges and gains of a collaborative ISO 20022 initiative between Cigna and Regions Bank. Find out how their experiences can be applied to your organization and the benefits of implementing an ISO 20022 program.
Diving into Disruption: Leveraging Fintech to Optimize your Invoice-to-Cash Cycle
The digital shift has happened and the need to dive into new technologies to automate the invoice-to-cash cycle is now. Hear firsthand how a leading software technology company in the global news media industry successfully leveraged fintech to automate their accounts receivable process. Attendees are taken on a journey from what a typical AR process looked like five years ago to what it looks like today: digital presentment, automated reconciliation, faster payments, portal functionality and happier customers.
Want to Improve Payables Processes? Don’t Forget to Invite Procurement to the Dance
Silos within organizations can be an impediment to the development of innovative solutions. However, when open to cross-functional collaboration, success is possible. This is the case at MGM Resorts International where procurement, accounts payable and treasury, partnered to understand each area’s goals and objectives Hear MGM’s perspective on how their initiatives resulted in extended payment terms, the cooperation of suppliers, and enhanced revenue-share economics to achieve a more effective payment process and learn from their efforts to automate AP processes and the move from checks to timelier electronic payments.
Lockbox Automation Using Artificial Intelligence and Robotics
Today, companies want faster e-payment reconciliation to complement the faster settlement achieved with the proliferation of payment formats such as check, ACH and wire payments. They have adopted ad-hoc strategies of adding more staff or investing in old school OCR technology, neither one of which has helped e-remittance processing develop into a scalable, cost-effective solution. In this session, join representatives of Sysco Foods to learn about their use of advanced Robotic Process Automation (RPA) and Artificial Intelligence (AI) — a superpower combination — to automate cash application across 72 different locations.
Data-driven Strategies for B2B Payments and Working Capital Management: A Treasurer, a Bank, and a Fintech Share
Emerging payment technologies, elevated fraud threats, new regulations and increased globalization are significantly impacting payment and working capital management for corporates — including technology and service innovations required from the banks that serve them. Treasury and finance professionals need to know what their peers are thinking (and where they plan to focus their attention and spend) to effectively navigate these changes. An expert panel shares key research findings and provides critical insights into issues such as: preferred payment technologies and tactics for working capital optimization, and perceived risks and benefits of emerging payment types.
Fill'er Up: How Phillips66 is Using Mobile Payments to Drive Customer Loyalty Program
Consumers today are increasingly using mobile wallet technology to conveniently pay for goods and services. This burgeoning payment trend is highlighting the need for treasury to tap into new payment types and technologies. Phillips 66 shares best practices in adopting this technology to support brand loyalty-building efforts, and the integration of its fuel rewards program to allow customers to transact at the pump. Discover the challenges they faced in implementing this new mobile transaction technology and how it reduced their fraud liability costs.
Beam Me Up: Efficiencies in Payment and Remittance Processing
Payments and remittance processing have long been plagued by inefficiencies and manual handling. Take a detailed look at best-practice solutions that have been introduced in receivables handling for payment and remittances as representatives from Con Edison, Lending Club and J.P. Morgan examine the efficiencies provided by the deployment of Virtual Reference numbers, UPICs, and Receivables Reference numbers to improve straight-through handling. Discover cost savings processes and how deployment has led to the reduction of fraudulent payments as the drive toward e-payment processing continues.
Securing the Far-Flung Corners of Your Organization
In 2016, Masco Corporation formed a cross-functional fraud committee to identify and counteract fraud attempts across the procure-to-pay cycle. It achieved this by creating a structure to identify new forms of fraud around the globe on an ongoing basis and determine how that information could best be communicated and enforced via education and technology tools. Discover how Masco built their fraud-detection structure, why certain decisions were made, how they included stakeholders and anticipated problems before they experienced any significant losses, and their continued efforts to minimize all forms of financial fraud wherever they may occur.
Processing Payments Securely in a Digital World
In today's digital world, securely processing merchant service payments seems like an impossible feat. Advances in technology have improved the methods and convenience of accepting credit transactions, but it has also increased the complexity and exposure to fraud. Join this panel for a discussion of the challenges faced by one such business, Carlisle Etcetera LLC, in securely storing card information and processing pre-authorizations that resulted in a high number of declinations. Acquire best practices for processing payments and implementing fraud-detection tools that result in less declinations and a more secure method of storing cardholder information.
Real-time Payments: Why Should Corporates Care?
Real-time payments are coming. Infrastructure is currently being put in place that will allow businesses to send and receive payments nearly instantly. But what does this mean for your organization? This forward-looking panel discusses where the industry stands in the development of real-time payments, how corporates can begin to prepare for these changes, the challenges and obstacles companies face in adopting new forms of payment, and how treasurers can integrate solutions as they become available. Gain invaluable insights into current market trends in payments and how these new payment rails will offer greater transparency, certainty, convenience and low cost.
Making "Uber Payments": Low-Value/High-Volume Payments into Emerging and Difficult Markets
As a global high-tech company, Uber interacts with a number of developing markets that lack the ability to effectively make or process low-value/high-volume payments with a reasonable settlement time. Treasury teams must attempt to navigate payment systems that are slow, unscalable, and ultimately unsustainable. Learn how Uber faced these demands head-on, and the insights they gained into what it takes to manage challenging markets with both internal teams and with external partners.
Emerging Technologies and Payment Methods in the Healthcare Industry and Beyond
In today's rapidly changing healthcare market, patient expectations, regulatory requirements, new technologies and varying payment methods are driving healthcare industry service providers to respond with expanded solution sets. This expert panel will discuss how organizations are finding ways to tie emerging payment and information-sharing technologies together to serve the healthcare space. Learn how the adoption of new payment methods, including Real-time Payments, Same-day ACH and tokenized payments, is increasing value, speed and transparency for payers, providers and patients, and how growing R&D opportunities are securing methods for sharing claims data, electronic medical records and expansive clinical information.