Representatives from across Federal Reserve Financial Services (FRFS) will be in Miami this May for the annual Nacha Smarter Faster Payments conference (Off-site), one of the largest industry conferences for engaging and networking with payments professionals.
This year’s in-person conference takes place May 6-9, and the virtual event Remote Connect 2024 (Off-site) is June 10-12. During the May event, Fed speakers will present on a variety of topics, including fraud mitigation and addressing scams with information sharing, instant payments adoption progress, interbank connectivity through ISO® 20022 standards, the current state of the ACH network and more.
Join the Federal Reserve Town Hall
Be sure to mark your calendar for the Federal Reserve Town Hall (Off-site) on Tuesday, May 7 at 10:25 a.m. ET.
Nell Campbell-Drake, vice president of strategic industry engagement for FRFS, will moderate a panel providing updates on the Fed’s strategic initiatives and how the payment system continues to transform. Panelists include Shonda Clay, chief of product and relationship management for FRFS, Susan Foley, deputy director of reserve bank operations and payment systems from the Federal Reserve System Board of Governors, Nick Stanescu, chief business executive for the FedNow® Service, and Cheryl Venable, chief of payments operations for FRFS. You don’t want to miss this roundtable.
Engage at our Exhibit Hall Booth
Attendees are encouraged to stop by the FRFS booth #500 in the exhibit hall for opportunities to connect on timely and innovative payments topics. During the exhibit hall hours, we’ll be featuring interactive demonstrations of the FedNow Service, where attendees will have the opportunity to see the transaction flow and discuss features and functionalities. There will also be an interactive use case kiosk which allows attendees to explore instant payment use cases, including new verticals added this year.
As a follow up to the Federal Reserve Town Hall, attendees are invited to the FRFS booth on Tuesday, May 7 at 1:00 p.m. ET to continue the conversation during a “Fed Town Hall Encore” event, featuring a panel of Fed experts with open Q&A from conference attendees.
Later in the afternoon on Tuesday, May 7 at 3:15 p.m. ET, see our “Innovator Spotlight” to hear from a small panel of FedNow Service early adopters, including Modern Treasury and Jack Henry, on the use cases they’re enabling, and key lessons learned since adoption.
Hear from Fed Speakers
Scams continue to increase year over year, targeting those who mistakenly and/or unknowingly put their trust in bad actors. Mike Timoney, vice president of strategic industry engagement, will join a panel on Monday, May 6 at 3:10 p.m. ET to discuss scam mitigation tactics and the challenges and benefits of fraud education.
The Fed is also hosting two “Topical Talks” sessions.
- Introducing FedDetect Anomaly Notification (Off-site): Hear from Della Tate, program director for FRFS, on the benefits of the recently launched FedDetect Anomaly Notification for FedACH® that is already providing hundreds of enrolled financial institutions with another layer of fraud detection and alerting tools.
- Tuesday, May 7: 4:20 p.m. – 5:10 p.m. ET
- Competing in the Use Case Race with Instant Payments (Off-site): As the FedNow Service surges ahead, so do the possibilities for instant payments. Join Bernadette Ksepka, vice president and deputy head of product management for the FedNow Service, to learn more about the use cases early adopters are exploring, including earned wage access, real estate transactions, digital wallet defunding and more.
- Wednesday, May 8: 9:05 a.m. – 9:55 a.m. ET
Fed speakers also will present and be featured on various panels to discuss solving ACH exception problems, the importance of an inclusive culture to achieving diversity, artificial intelligence in payments, business-to-business (B2B) payments innovation, operational resiliency and much more. For a full list of topics and conference sessions with Fed speakers, visit our Events page and the Nacha website (Off-site).
To stay engaged with FRFS, see a calendar of in-person events with our planned attendance throughout the year by visiting the Industry Events (Off-site) page.
Notes
The Federal Reserve Banks do not sponsor or endorse any of the non-Federal Reserve Bank-related products, parties or entities mentioned in this publication.
*Note that speakers and sessions are subject to change.
“FedACH” and “FedNow” are service marks of the Federal Reserve Banks. A list of marks related to financial services products that are offered to financial institutions by the Federal Reserve Banks is available at FRBservices.org®. “ISO” is a registered trademark of the International Organization for Standardization.